7/8" dia. well-made brass badge with black enamel paint surrounding detailed image of him on Silver with text below. Bright luster is off the brass area but these metal surfaces are clean and glossy. Black enamel paint is near 100%. One of only three examples we've seen of this rare badge which came from Trojan Publishing Corp., publishers of The Lone Ranger Magazine which was a pulp format publication published for only a few issues beginning April, 1937. The publishers created a club for readers which also promoted listening to The Lone Ranger radio program. Club members received a membership card along with this badge. Sales have exceeded $1,500 for this rare badge.