SA Wehrabzeichen in Gold, fake?

While perusing the Kai Winkler site i’ve found what at first glance is a very rare SA Wehrabzeichen in Gold. It caught my attention in that in the last 18 months, this is only the 2nd i’ve seen for sale (the other one I bought) and yet further photos have me thinking this is possibly fake.

It was my understanding the only accepted manufacturer of the gold award was Christian. H. Laurer. This example is an un-numbered W.Redo and without any reference literature I have only my memory to go on yet I am inclined to think this make be a fake. I doubt it is even a re-colored bronze grade given the poor detail to the reverse.

It would surprise me that Kai would slip up in this area but accidents happen I suppose. Any experts out there who can confirm one way or another?

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