Yes, I agree....
Many of the vintage pennants were made with a blunt tip. I still have a few from childhood that are untouched, and know that they were made that way.
The deal-killer for me is when the pennant was ripped off the wall, and the tip remained under the thumb tack. The tell-tale sign is a concave end and about an inch missing from the tip. You actually see this a lot... I guess when the kids moved out, their Moms had little regard for those pennants left behind.