Regardless of whether it was a well done fake or not it doesn't change the fact that it is still fake. I don't doubt that you have vintage sack-cloth (or something like that) that these were made on, but the thing that looks really bogus to me is the actual stencilling of the letters and stars. The letters and stars look "worn" because there are portions of each letter that aren't as dark as the rest BUT it is not honest wear to ink that was applied to the surface 90 years ago. If you look at the letters most of the "wear" is on the inner portion or "middle of each letter (or star) which is just WAY too uniform of a wear pattern. In real life there would be areas of the pennant that exhibited more wear than others NOT areas of wear to each and every letter and star uniformly across the entire piece. Looks like way too much effort was put in to make the "antiqued" look for it to be honest wear. As soon as I saw the piece and took a step or two back it was painfully obvious this was done for one of two reasons...1.) to deceive, or 2.) to make a cool "period looking" piece that would display nicely (in other words a modern "craft".) Bottomline it just doesn't "look right", the other pennants are just icing on the cake. Get your money back and never look back!
PS--Barry thanks for noticing my "red flag" comment above, I couldn't help myself!
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