Great stories, Greg...
I too am amazed that we find so many old pennants in great condition. It's nothing short of a miracle. The pennants that hung on my walls as a kid are beaten to hell, and not even displayable. Fading, tears, holes, frayed tips, and you name it. I've kept them all for sentimental reasons, of course.
But its amazing how many have stood the test of time... even the small percentage that were safely stored away were prone to moth holes, rodent bites, silverfish, dust mites, etc. I won't question how so many have survived... just glad that they have!
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