You are purchasing a very nice circa 1950's Philadelphia Phillies mini pennant.  This is a very cool item.  Pennant is about 5 1/2 inches long.  Made of soft felt material.  Has Philadelphia Phillies lettering in blue on yellow background.  Colors remain bold and crisp, little of any fading.  A touch of soiling near tip.  Just a touch of wear on print.  Minor tip wear.  Has two tiny pinholes.  Displays very well.  NICE little pennant!  Pennant grades NM++!!  Buyer pays $4.00 shipping.  Shipping combined on multiple lots whenever possible.  MN residents add 6.875% sales tax.  Thanks for your purchases!  Please check out my Ebay store for more great items!