***RARE!*** Vintage 1945 US Navy WW2 WAVES Insignia Collar Pin 1945 US Navy WW2 WAVES sterling silver & gold-filled anchor and propeller pin WAVES stands for "Women Accepted for Volunteer Emergency Service." In 1942, the WAVES became a division of the US Navy. This pin design was approved for official use in 1945. There are several versions out there, some with no precious metal content, while others are simply plated. This is the higher-quality version. Hard to find in such great condition! Stamped Sterling & 1/20 10KT