Walkwolf, I ran the white trimmed edge (the edge that houses the rope) and it does seem to glow, although not near as strong as the white in my t-shirt. Makes it a little difficult to tell whether its glowing or just illuminating. Regardless, if its a repro its a repro, and from what everyone is saying, this particular one (with the "Reichskriegsfahne" spelled out in all caps) is a common repro.
Oh well, as you said for $75 its still not a bad price for a display flag. I probably would have bought it regardless. Looks very nicely aged too so that adds to the look nicely
Thanks for all the feedback everyone!