A very interesting thought. What comes to mind regarding this is do you consider a fake as a variation or not. I know the first blush reaction is to say no, but it usually is a different version of the badge, although not a real one. If I can get a fake for a cheap price I might consider it. But a seller trying to pass a fake off at a high price that a real one might go for is a different story.
For example, I want to add a Danbury Mint WRAC cap badge to my collection even though it is definitely not a true army badge. But to me it is a variation. And, from what I've seen in looking for one is that the Danbury Mint regimental badges are priced cheaply enough as should be.
Interesting thread.
Terry
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