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1893 Worlds Columbian Exposition

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It is made by Schwaab. It is the lower part of a fairly common badge issued for the World's Columbian Exposition. It needs the hanger (the top part of the badge with the pin) to know what version it is. Many states used badges like this with some rarer than others. Given its condition and the missing hanger, I would consider it a space filler, maybe a dollar or two if someone really wanted it.

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