The German Equestrian Badge was established by the German National Federation for the Breeding and Testing of Thoroughbreds in 1930. It was issued in three grades (Bronze, Silver, and Gold) and appeared as a mounted horseman surrounded by an oak leaf wreath. It was officially recognized as a national award so it could be worn on a uniform. 

Many recipients were German Reichswehr and  Wehrmacht cavalry officers.  Two recipients of the German Equestrian Badge were Reinhard Heydrich and Hermann Fegelein.

This is a nicely-detailed reproduction of the bronze grade of the award.  It is fully functional.

Seller's note: My father's photo is not a part of the auction.