Featured Eagle with shield. What is this for?

Hey all. Picked this up this weekend and am a bit puzzled by the back. There's so much going on. The last pic is a close up of how the back of the eagle is constructed. Was this made to just hang on a wall or did it have a specific purpose? Any ideas on age? It's non-magnetic.

 

What size is it? Here's something similar. They call it a parade banner. Surprising price. https://www.tillouantiques.com/inventory/parade-banner-with-eagle-and-shield/

 

multiple hooks for multiple arrangements..

 

Thanks, @smallaxe. It's roughly 22" wide by 18" tall. That's a VERY surprising price.

So you thread something through the loops on the back?

 

I would almost think or running small flags on a stick......or banners....

 

there's a nail or screw hole on the bottom to secure it to......something else

 

Possibly to be used with a bunting? Jeff Bridgman Antiques has an eagle with a nice explanation of how it's used. It doesn't have the shield below it though. https://jeffbridgman.com/inventory/flag-pressed-brass-eagle-early-1870-o2101.html

 

My guess is it's from WWI or the Spanish-American War or thereabouts. It was meant to hang on something, and on top of a bunting would fit. Parade route decoration probably.

 

It is a "13 star shield".

https://www.google.com/search?q=13+...AiWYAwCIBgGQBgqSBwExoAcA&sclient=gws-wiz-serp

https://www.google.com/search?q=13+...KTAZgDAIgGAZIHAzAuMaAHSQ&sclient=gws-wiz-serp

https://www.google.com/search?q=13+...geGA-YAwCIBgGSBwExoAfoAg&sclient=gws-wiz-serp

 

Personally I would send photos to the Heritage auction house.