The embroidery on this fez is entirely bullion braid, and it's really terrific. There's a great patina to it, and it's in fantastic condition. The felt is showing a few wear marks and a moth hole however. Manufactured by Roundy Regalia Co., Chicago. There is no liner or headband, and it's less tall than most fezes. Black tassel is 6" long and made from finer string than most. (Stand not included.)