This is a “Deutsches Kreuz in Silber (DKIS) im Stoff in Panzerausführung” [German Cross in Silver on Panzercloth].
It is extremely hard to find a German Cross in silver in cloth variation, but near impossible to find it on Panzercloth.
The cross is textbook in every aspect and is in very good condition. It has the white backing and even has on the back still the original paper price label/tag, that read RM 3,75 [Reichsmark 3,75]. This should be published in a book and i am sure it will at some point. It does not get any better than this.
Extremely rare and for sure one of the very rarest of all Third Reich medals to find. Only the first time i could ever offer one as complete and in god condition as this. Rare is an understatement!