draw the outside part of the shield in the above example in coreldraw - select the image, go to effects -> powerclip -> place object in container. Select the previously drawn outline and voila
Thanks again for your help everyone. And I don't want to come across 'wrong' here...
I understand how to trace the items and make it vector, but that is not what I am trying to do. Lets assume that I have a super high resolution .jpeg logo that all I want to do is crop the background out of in Corel, and place the now background-less .jpeg ontop of other vector objects/designs in corel, so that the ENTIRE THING can be printed in one pass, as one big piece of vinyl.
Hope that explained things better?
I would do it in photoshop and make an alpha layer, then save as tiff and reimport into corel...google removing background with photoshop for help on how (I know it can be done in photopaint as well, just not as fluent with that program, so it's not my "go-to")
draw the outside part of the shield in the above example in coreldraw - select the image, go to effects -> powerclip -> place object in container. Select the previously drawn outline and voila