Program premium from 1941, early in Ovaltine’s long sponsorship. 3.75x4.5” mailer has dark brown stain line on the front only. The 6.5x8.5” certificate also took on matching “W” shaped stain mark. Certificate is pencil signed by female recipient in Oregon City, Oregon. Both of these pieces are even rarer than the rare badge. Certificate includes illustration at top center of 24 karat gold-plated “Pilot’s Badge.” This “Honorary Pilot’s Badge” is 2-3/8” long with finely detailed center shield flanked by feathered wings. Bar pin on reverse. No text but fully documented in Hake Pop Culture Guide as Capt. Midnight CMD-38. Among the rarest Capt. Midnight premiums. Our last badge alone without the mailer and certificate exceeded $300.