Posted By:
Greg ThebergeThat is an absolutely gorgeous pennant Mike.
I like Dan's Idea. You don't want the background too dark and a medium tan would look great against a black frame.
I tend to like a strong and heavy/masculine frame that would be appropriate to the period, rather than a more modern frame. Maybe something like this

At least we don't have to worry about these things ever getting slabbed - the most profane and utterly unjust thing anyone can do to a piece of history.