Jubilee Royal Sign badge of Bulgarian Cycling union, 1920s - 1930s

Big jubilee badge sign of Bulgarian Cycling union commemorating the establishment of the organization in 1902. The badge was issued for the 10th or 20th anniversary of the union in 1920 - 1930s. On a beautiful basis, designed in typical Bulgarian royal traditions , badge is mounted by an enameled center - with the royal shield , and surounding inscription "Bulgarian Union of Cyclists, 1902". On pin back. Size 30 x 40 mm. Great condition.