Demjansk arm shield in silver-finish metal on original field-grey wool backing, secured with four copper rivets. Obverse: DEMJANSK inscription, date 1942, crossed swords with aircraft, eagle with swastika wreath at top. Reverse shows typical four-rivet attachment to backing pad. One of the rarest and most coveted German campaign shields — awarded to participants in the Demjansk Pocket encirclement battle.