This is an extremely fine pair of epaulettes (banjo boards) for a hauptmann commanding a Kompagnie. Each epaulette sports a hauptmann’s double pips, along with the regimental designation “12,” for Königl Sächs 12 Infanterie-Regiment Nr 177. It was one of the final Saxon regiments created (three others were created in 1897 and one more in 1912). This regiment was one of those created in 1897. It was garrisoned in Dresden, where it was attached to the XII. Armeekorps. Each epaulette features a gilt button. The epaulettes are the slip-on variety. The obverse is silver with gilt pips, the regimental number and a red backing. Their condition is quite pleasing, with a fine patina.