"Completely original?"
I don't know what that's supposed to mean, but anybody's eyes can see the differences between Val's pennant and the one auctioned by LOTG, which does look like an original contemporary to the time of the Grays, the 1940s at the latest. I have no idea when Val's was made, but it's definitely not like the LOTG example in several respects, including the material used. I'd be quite surprised if it was made by the same company. So that begs the question: who did make it and when?" I don't find the fact that it was "found" in the 1980s encouraging in that respect. Clearly, it's not like the M&N and other more recent repros, but that doesn't help with when it was made and by whom.
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