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Rob D.Pennants also are among my favorite pieces of memorabilia. The one thing I would add, and this really is dictated more by personal taste, is don't always assume that a pennant without tassels is worth less than the same one that has them. I've come across a number of dealers who will price a pennant 20-30 percent higher simply because it has tassels. And I've seen more than one collector pass on a really tough pennant because it did not have them. Again, it's personal preference, and if a pennant having its tassels is important to you, that's certainly fine. Just don't accept it as gospel that they're a must to command maximum value. And remember, not all vintage pennants were made with tassels.