Hake #203. 13/16”. Cream bkg. includes some gray tone but this is how this button was designed and the same coloration appears on all examples. We’ve seen a couple of these without a backpaper and believe that is how it was issued. Celluloid has couple of tiny 1/16” scratches that will catch reflected light but still displays totally clean. Reverse collet has small bit of scattered oxidation but surrounding celluloid is not affected. Scarce.