The picture shows a view of this old RobinHood Character Premium Toy Badge. It has a raised image of RobinHood with his bow and arrows as well as a lion on each side of the faceted blue plastic jewel. It appears to be made of forged aluminum. The badge is not dated but it is believed to be from the 1950s. It is marked on the front and back as follows:
The badge measures 1-1/2" x 2-1/8". It appears to be in excellent condition as pictured. The straight pin is missing from the back but it can be easily replaced.