This is a leather jacket from Penny's in the 1950s. Penneys was an old tag used by the current J.C. Penney until around the 1960s, and it's a symbol of a popular American department store brand. Representative lines include "BIG MAC," famous for its flannel shirts, and "FOREMOST" denim, and their sturdy construction is still highly regarded in the vintage market today. The age can be determined by the tag's markings and design, and Penneys tags from before the 1960s are particularly rare and popular. Also, Penneys leather jackets are not widely circulated, and compared to the BIG MAC and FOREMOST of the same era, they are less common, making them a highly sought-after item in the vintage clothing market.