I really don't know what to offer 😏 or what to say about this.

My mistake. 

It is not 1/20th silver filled.

Just marked S-21 MADE IN USA

It's still listed but now it's $1375.00

With the MADE IN USA makes it a post 1974 made one.

It takes two to do this !!!

It’s actually not a very common version of the PJ flash. It’s an early vintage variant that's somewhat rare to find, but it's definitely not worth more than $180–230 USD.

The only way it could reach that kind of value is if it belonged to a well-known PJ or another historically significant individual, with solid documented provenance.

The most valuable PJ flash is the extremely rare Korean War-era blue enamel version. That one is considered a true holy grail among collectors and can easily sell for $1,000 USD or more.

USAF Pararescue Badge/Flash - Korean made

USAF Pararescue Badge/Flash - Korean made The beautiful blue enamel on the Pararescue Motto makes a huge difference among the todays k...

Thanks for sharing this information as I have pictures of this Korean made blue enameled PJ beret badge and wasn't sure if it was legit or not.

Do you have any information about the PJ beret badge attached to a 1968 dated maroon beret in the photos below?

That's a pretty rare flash in fact. I've seen one or two of those but have never been able to get a hold of one in my hands yet. Both were Beercan/VN made. This one you are showing to us is actually 100% handmade for sure and the best finish I've seen tho. Do you have pictures of the backing of the flash to confirm? Do you know if it's Amagnetic? Those things will help to ID, but I'm 70% sure it was VN/SEA War-era made.

That flash that Tonomachi posted a photo of looks somewhat like Philippine-made military badges I’ve seen. USAFRescue, you’re right though, we need to see the back of it. Most of the Vietnam-made beercan insignia I’ve got, that I purchased in the mid-1960’s when I was there, do not have a curved surface as this one appears to have. Also, this one seems to look “heavier”. But, yep, “standing by”.

6 minutes ago, Cobra 6 Actual said:

That flash that Tonomachi posted a photo of looks somewhat like Philippine-made military badges I’ve seen. USAFRescue, you’re right though, we need to see the back of it. Most of the Vietnam-made beercan insignia I’ve got, that I purchased in the mid-1960’s when I was there, do not have a curved surface as this one appears to have. Also, this one seems to look “heavier”. But, yep, “standing by”.

You're right Cobra. They usually are flat, not curved, but I've seen some fine examples with this shape. Philippine-made is another hint for this piece as well.