Photo Pennants are very popular with collectors. A 1968 Cincinnati Reds Photo pennant is worth about $95. -$120. Condition is important, especially with the photo. These photos are typically creased. Vintage pennants are difficult to date to a specific season. Many pennants were for sale at the ballparks for several years in a row. Team logo's and artwork could help in dating. Often team will use the same artwork on other souvenirs like programs, and yearbooks making it possible to date to a specific year.
Most pre 1970 full sized (12" x 30") felt pennants sell for below $50.- $100. Photo pennants, and scroll or roster pennants listing team players, Championship, and World Series Pennants are more desired by collectors and will sell for more. Premium mini pennants offered by candy companies in a special offer for example could also sell for more. As with all collectibles condition is important.
Common flaws with pennants are missing ties, pin holes, frying, creases, and "crackling" on the printing. Sometimes people will trim down a pennant to rid it of the frying or other flaws like a flat tip (point) Caused by being pinned up and ripped off. Any of these flaws will degrade the pennant significantly. Doctored pennants - A term used to describe a pennant that has been altered to cover up a flaw, is a practice that is frowned upon among the collecting community, and could sell for less than a pennant with the flaws it was meant to cover up.
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