1-9/16" tall die-cut shield with portrait of Lone Ranger at center surrounded by burst design in brass luster contrasting to the brass luster around the outer edge. Badge came post-war c. 1948 with a boxed lasso by company called "Round-Up Products." The badge came with either a pair of tabs on the back to fasten to the lasso or a soldered horizontal bar pin and in this case this piece has the bar pin. Very scarce as distribution was apparently limited to the Philadelphia area. Center circle has 1/8" dot without luster and same below with tone to the luster. Couple pinpoint luster dots off upper extreme edge. Over 95% luster intact. Probably the best designed Lone Ranger metal badge. See similar but rarer Superman premium badge #1242.