Spain, Franco’s Period. An Order Of Naval Merit, I Class Cross White Division, C.1950 Archive with a textured burgundy faux

with a textured burgundy faux leather (leatherette) exterior

with a moss-green backer

with accents of off-white threading giving definition to the wings

manufactures mark on reverse with correct underscoring of the "r" in maker's mark

no balloon caught fire

Spain, Franco’s Period. An Order Of Naval Merit, I Class Cross White Division, C.1950 Archive with a textured burgundy faux(La Orden al Mrito Naval). Instituted 1866 by Queen Isabella II. 1938 1975 issue. An enameled white Latin cross in bronze gilt, with obverse featuring a superposed enameled blue anchor, with plain reverse, surmounted by a detailed typical Imperial crown also in bronze gilt, measuring 28. 81 mm (w) x 51. 89 mm (h inclusive of integral ring), presenting minor discoloured enamels and minor oxidation on the reverse, accompanied by original ribbon,