as well as EVERY SATURDAY in AUGUST
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An insigne of membership or office, worn since the 17th century. Early examples were sewn on the upper arm of a garment, but later ones, of various metals and made to be pinned on or suspended, were issued by Livery companies, Masonic lodges, some corporations, etc.
From: An Illustrated Dictionary of Jewelry, autor: Harold Newman, publishers: Thames and Hudson