Tag der Wehrmacht WHW 1939(Day of the Wehrmacht).
We are not sure but we think this is for this event.
This is a hard to find variant made by cardboard that was painted silver.
Good condition.
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HISTORY ABOUT THE WHW:
The Winterhilfswerk (WHW) was an annual drive by the Nationalsozialistische Volkswohlfahrt (the National Socialist People’s Welfare Organization) to help finance charitable work. Its slogan was "None shall starve nor freeze". It ran from 1933-1945 and was designed to provide food and fuel to Germans.