Looks to be a gel overlay. Original Lion bit has been removed and the rallye stripes gel bit put in instead. On the car when I bought it, don't know anything else about it.
No idea on value. Let's say £20 or I'll swap it for a mint or new original Ph2 one
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Cherry Red Rallye .... On going OEM spec restoChina Blue GTi6 .... Weekend toy
Black 208 GTi .... Wife's car now
Silver BMW 550i.... The executive missile