They're not that rare. Quite a while back there was a find of negro league pennants. I assume the one you are talking about is about 3/4 size, black in color, with the field on the pennant. These display great, but can be found for about $200-300 ish. If it's not the one I describe, then it could be very rare and worth much more than $650. A picture is worth a thousand words.
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