Rare Cougar only GT emblems. The Mustang GT emblems had different stud locations. These were used on 1968 Mercury Cougar GT models. The reason that this emblem (1968 6.5Litre) has the exact same pin locations, The factory would have punched holes and installed the tubular nuts in the fenders of all S and X code Cougars and either emblem could be installed. The 1967 GT emblems have an entirely different stud placement from these 1968 only badges.
Below is a general description of what the criteria is for our product condition grades. These are generalizations that are intended to give you an idea of the condition of the product at a quick glance. Because different parts degrade at different rates, there are variances in what the letters represent, please see the products description for details about the condition of any particular product.