The pennants were only produced in 1975, and were mentioned on the front of the box as "New Team Pennant In Every Pack!":

The pennants are smaller than the regular Baseball patches, and have a very thin strip on the left that says "PEEL HERE" with the pennant on the right:
Most of these that I've seen for sale do not have the backing and do not have the small "PEEL HERE" strip as these pennants come off the backing very easily. In many cases, the backing and the little strip have long since been discarded. The only reason I have a complete pennant for this scan is because this came out of an unopened pack.The scans below do not have the "PEEL HERE" strip and do not have the backing.
Here are the 24 team pennant patches that comprise the set:



If you are wondering what the little circles are by most of the patches, its the Ultra-Pro logo on the penny sleeve that I'm using to store the patches.

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