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This is a Vibroplex 1923 Bug, serial# 136452. (Also known as "Vibroplex Original").
According to John Elwood, WW7P, this key was produced in 1944!
All the parts where removed and sand-polished.
The Logo Plate was laquered after polishing, now figures a light green "ocean" colour.
All other parts where already chrome-plated.