BEING RESEARCHED Bullion "TM" Half Wing, Possibly for European Airline NOT FOR SALE UNTIL IDed

This is an unidentified bullion half wing, possibly for a European airline. The wing's medallion reads TM in bullion against a field of midnight blue.

Circa unknown.

Approximately 1-5/8" height and 2-3/4" in width.

Wool felt embroidered in bullion and cotton/silk threads, velvet, paper backing.

This is from an unidentified collection which we will be listing more of over the next few months. Item will not be sold until it is identified. VAJX09 LX2/11

8- (Very Fine-Excellent): The wing shows very light wear and tarnish but the paper backing is torn in a few spots.

As with all my artifacts, this piece is guaranteed to be original, as described.