Yup, you sure can - there are ALL kinds of official-looking metal badges out there (there is, or was, a company which advertises "CCW Permittee" badges in the back of NRA magazines, which I think is a REALLY bad idea personally). The only crime is when one of them is used in an illegal manner, such as to impersonate a law-enforcement official.
Like the TSOfficers at the airport?
Hmm. Dark Blue Shirt, Darker pants, Metal Badge, Ordering people to halt, move forward, show your papers....
Sounds like impersonating a law-enforcement official to me.