Bronze colored badge 1" in diameter shows profile of him riding on Silver with sponsor's name below "Butter-Nut." Reverse has copyright symbol and "Lone Ranger, Inc." We had an example in auction #179 that brought $300. This example is visually just as nice but the reverse pin has the curved metal segment that anchors the pinpoint snapped off. The pin itself remains in place, just the closure loop is missing. We've seen less than a half dozen of these. Rare.