Cyclists Touring Club CTC membership disc holder badge

A scarce original late Victorian / early Edwardian antique silver membership certificate disc holder bearing old English script initials 'CT' between wings , the front central cog stamped with 'Trade Mark', made in two parts with hinge to allow access to display your yearly membership disc. Very good condition, complete with original two prong pin fittings perfect open and close movement. PLEASE NOTE: Last letter of 'CTC' now ABSENT. Diameter 34mm.