Panzerkampfabzeichen in Silber, William Hobacher, Unmarked Variant.
A recent addition to my PAB collection. 
This is one of the accepted variants from this maker. This example shows little wear but unfortunately, almost all of the finish has been absorbed.
Ralph.
This is one of the accepted variants from this maker. This example shows little wear but unfortunately, almost all of the finish has been absorbed.
Ralph.
