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GWL Observers badge (broken): I have been offered US$320 for this badge - fair price?

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Hello to all!

 

I enquired about this badge in a separate thread, and another forum member suggested that I start a new thread to enquire about price, especially given that the pin and clasp for this badge is long lost.

 

I am in Auckland, New Zealand.  I have had a GWL Luftwaffe observers badge almost all of my life.  The pin and clasps have broken off (and are long lost), but otherwise the badge looks to be in fair shape.  The factory is GWL.  Another forum member has confirmed that it is genuine.

 

A New Zealand dealer has offered my US$320 for the badge.  

 

Could I please have your opinions (as experts) on whether that is a fair price for this piece, particularly given its broken condition?

 

Many thanks for your time and expertise.

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