Ben,
Odd that the flag itself is shot with black & white film but the background
is in COLOR!!
I have a copy of the very photo that this was cut from!!!
The reverse of this flag is blank - no stars!!
It was taken (or found) at Island #10 by Lieut. James W. McLaughin.
I never did see the pic you posted of the Jaffee flag. Can you post
it again?