Grade III (50) Panzer Assault Badge in Silver. This award was made by Gustav Brehmer from Markneukirchen, properly marked G.B. on the Panzer's reverse. Apart from the typical finish loss the PAB remains in very good condition. An early produced example that still features the third rivet holding the number shield. (Cf. The German Panzer Assault badge of WW II, P. De Bock, 2021 revised edition, pages 911-912).
