Germany, Kriegsmarine. A Cruiser “Emden” Commemorative Badge, By Ferdinand Wagner Hold stamped "15" near the bottom

stamped "15" near the bottom point on the reverse

General Sarrail's French troops had indeed penetrated north as far as Gradsko

each with its original ribbon with pinback

with its independent cockade with a black painted base

Germany, Kriegsmarine. A Cruiser “Emden” Commemorative Badge, By Ferdinand Wagner Hold stamped "15" near the bottom(Kreuzer Emden Erinnerungsabzeichen). Constructed of silvered bronze with multi colorued enamels, horizontal pinback, the obverse depicting a blackened silhouette of the Cruiser Emden, above blue enameled waves and a black Cross Patte, flanked by an inscription of KREUZER EMDEN, the reverse maker marked FERD. WAGNER, PFORZHEIM, measuring 34 mm (w) x 24 mm (h), in better than very fine condition.