1950 Ascot Races Royal Enclosure card badge named to Royal Navy Captain

A rare original surviving card badge for the '1950 Ascot Races Royal Enclosure' the obverse ink signed 'Captain (S) H.P. Koelle R.N.' the reverse inscribed '827 Gentleman's Badge Price £10 including Govt. Tax Not Transferable Issued subject to Rules of Racing. Fair condition, complete with metal pin fitting, some minor discoloration.
Size 55 x 38mm.

Code: 65549