Here's a very similar Babe Ruth Pennant (purportedly from 1928) that's been running on ebay forever. It looks to be made by the same people/same company that did the 1919 Reds Pennant.
http://cgi.ebay.com/Vintage-Babe-Rut...item3ef8632a16
Same material, same stenciling, same stars, same style. Is it conceivable that the same people were making these pennants over a 9 year span? These look rather cheap and even home-made, and I am a bit suspicious about the "epic" subject matter for both.
Babe Ruth and the 1919 Reds are two pretty "heavy" subjects.... Coincidence? You don't ever encounter this style of pennant, and two have now popped up on ebay. Between REA, Hunts. Lelands, Mastro, Heritage and SCP... you'd think that just one other legit example would have surfaced over the years (especially if the people making these were in business for over a decade).
Just this week, we've had a misrepresented 1915 Negro League Pennant, 2 completely bogus Tigers "Franken-pennants" and now these. So I'm a bit suspicious as to the origins. The 1928 Ruth and 1919 Reds could be real/could be fantasy.... they do appear old. Would love to hear other peoples' thoughts on the matter.