Toolbox Grade - Small Curved M Badge
What are Toolbox Grade M Badges? These are New Old Stock M Badges that have never been installed or used. They have defects in either the chrome or in the M Stripe decals. While they probably aren't worthy of going on your M, you might have a spot on your toolbox for one.
The Small M badge (2 1/32" x 3/4") is from the side fender on M coupes and roadsters