Original First World War Wound Badge in Black (Verwundetenabzeichen in Schwarz), awarded to German soldiers for wounds received in action. This is the iron version with its beautiful original black finish almost fully intact, showing only minimal signs of age.
 
The detailing of the helmet, crossed swords, and laurel wreath is exceptionally sharp, making this a near mint example — difficult to find in such outstanding condition after more than a century.