2-1/8” button unlisted in Hake. The caricature is so ugly that we suspect it is an anti-Carter although perhaps it was “Pro.” Curl has black lettering, very hard to read against the other colors but including a copyright symbol and what seems to be “D. Sloan ’76.” Button is essentially Mint as made although across the midpoint of the hat there is hairline horizontal ripple in the celluloid showing just a little in reflected light.