I acquired this patch in a collection of old military patches from a military patch collector's estate in Colorado Springs. From what I understand its a patch from the 22nd Tactical Fighter Squadron in the Korean War period from 1953 and belonged to Astronaut Edward White when he was a USAF pilot. From what I can find its a pretty rare patch, and I haven't been able to find another one exactly like it with a red ring on the outside.
And belonging to an astronaut is just icing on the cake! If you dont like my price, please feel free to make me a reasonable offer.