Very rare antique "The association for the promotion of cross-country skiing in Sweden" (Föreningen för skidlöpningens främjande i Sverige) pin. It's made by famous Swedish maker Sporrong & Co (S&CO). It's made of fine silver and is hallmarked. The date mark illudes me, but is present (B something).

This is the only example of this pin I was able to find online. A small goblet from the same organization was sold via auction for around 200 euro last year.

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