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This vintage cowboy hat was made in the 1960s by Eddy brothers of California. It is marked a 5X beaver quality. The X system is, unfortunately entirely meaningless, as it differs wildly manufacturer to manufacturer, model to model and year to year. It is marked “water repellent” and has a red liner. The felt has stains, pen marks, a few small moth bites, and it looks like someone had a pin in the front of the crown. It has a two cord band, a flat brim and a cattleman’s crease.