This is a 1956 Premiership flag/pennant by the Collingwood Magpies.
the 1956 Olympics was also held here in Melbourne Australia.

This flag/pennant is a RARE commemorative piece of memorabilia from 62 years ago.
It is 43cm long and has been well preserved with its original stick attached.

The 1956 VFL Grand Final was an Australian Rules Football game contested between the Collingwood Football Club and the Melbourne Football Club held at the MCG on 15 September 1956. It was the 60th annual Grand Final, staged to determine the Premiers for the 1956 Season. The match was won by Melbourne by 73 points, marking that club's eighth premiership victory.

It was the second successive year in which the two teams met in a premiership decider.

The Grand Final was attended by 115,902 spectators...easily setting a new record as the largest crowd to have witnessed a premiership decider in VFL Grand Final history, breaking the record of 96,486 spectators who witnessed the 1938 VFL Grand Final. The capacity of the ground had recently been expanded with a new grandstand for the upcoming 1956 Summer Olympics, but the ground was still not large enough to comfortably or safely accommodate such a large crowd; stairwells and aisles were full of people, meaning that many people were unable to leave their positions to use restrooms during the game; and many people had restricted views of the game due to the crowding, resulting in some spectators climbing onto the roofs or back walls of the grandstand and other structures for a better view. The gates were shut for safety reasons when the venue reached capacity, resulting in riots outside the ground in which an estimated 2,500 further spectators broke into the ground. More than 20,000 spectators were turned away at the gate.