Spain, Fascist State. A Blue Squadron Unit Pennant, C.1936 Auction Archive 2 mm in diameter and

2 mm in diameter and without ribbon)

presenting a folding crease and frayed edges

on original ribbon with hook and eye

repaired finish

including a 1914-1917 campaign badge

Spain, Fascist State. A Blue Squadron Unit Pennant, C.1936 Auction Archive 2 mm in diameter andAn extremely well preserved Blue Squadron (Patrulla Azul) unit pennant, constructed of a white wool base, the obverse bearing an elaborated multi piece insignia consisting of a central white wool disc, overlaid by a Blue Squadron insignia in the form of three diving eagles above an inscription of VISTA, SUERTE Y AL TORO (colloquially translating to WATCH OUT, HAVE LUCK, AND GO FOR THE BULL), on top of double overlaid crosses, and within a green laurel