After 1937 the eagles tail was modified to be shown swept back such as this piece. The Luftwaffe was officially considered to be the air arm of the ‘Third Reich’ (The Luftwaffe was the aerial-warfare branch of the Wehrmacht before and during World War II. Germany's military air arms during World War I, the Luftstreitkräfte of the Imperial Army and the Marine-Fliegerabteilung of the Imperial Navy, had been disbanded in May 1920 in accordance with the terms of the 1919 Treaty of Versailles which banned Germany from having any air force) Shown with an eagle in the centre of a circular wreath, facing left and carrying and angled Swastika, this white metal aluminium example is showing minor signs of wear to the front and sides. See chapter five of German Belt Buckles 1845-1945 by Peter Nash for reference. The price includes UK delivery. N 115.