You are bidding on a U.S. Army Golden Knights Parachute Team Challenge Coin.  There is a watermark on the photo saying “ChallengeCoinMaster”; it is a watermark only, it is not on the actual coin.  

Anything else depicted in the photos are for photo display purposes only; coin stand NOT included with listing.  Coin stand is sold separately.

I have several challenge coins up for auction so please check them out at my ebay store.  None of these coins were personally given to me.  I buy coins from a variety of sources (personal collections, wholesalers, manufacturers, etc.).