Today I visited a militaria in Belgium. I saw some good stuff and the usual loads of fakes and... this nice little pennant. I like pennants and this is my second. Hope you like it!!
Great early pennant--nice corduroy circle. I used to collect armbands and had a few nice ones but--I either traded them away or gave them away.
David - I think this was used on bicycles but I am not sure. Carl - Unfortunately it's not a corduroy circle. My scanner distorts the image.