I am looking at this overseas cap and wondering a few things….

It is on a gun forum and the seller asked for a price check and was told: due to its size, 53, and cut that it is a female assistant to the Wehrmacht. Is this true? I won’t post my opinion of value but if true would it be much lower or higher in value to a males overseas cap?

Also my opinion is that the insignia may be restored at a later date due to the stitching. Am I way off there?

Thanks,
Hummel