This is a vintage Boy Scout merit badge sash, likely from the 1930s to 1960s, featuring a collection of earned merit badges.
The khaki color and the "rolled edge" style of the badges help date the item. It displays a variety of badges, some of which have changed designs over time or are no longer available, such as the Firemanship badge. The sash is a collectible item that showcases the achievements and history of Scouting America (formerly Boy Scouts of America). Such sashes are often found in auctions or online marketplaces for collectors of Scouting memorabilia.