Circle for German-British Friendship here it for sale German Nazi Armabands Badges Medals Patches and Insignia http://www.trademe.co.nz/Antiques-collectables/Militaria/WWII-earlier/auction-146519840.htm
Read that is was worn by the delegates at Munich conference in 1938. We were in distress, hence it's upside down.
It's a FAKE ...... In proper German you'd say "Britishe" on the first place. Wessex also gave you a hint with the flag up side down. It's not worth a dime. These are flooding the market and can be found eveywhere on the net. Many other forums have already warned their member snot to buy these.