I would leave it as it, Maybe put it behind glass for future protection.
Leave it as is!
Put it behind some glass with acid free backing if you frame it. I would never restore something like that.
Theres really not a lot that someone can do with this, and any repair will show, best leave alone, and as GP says place under glass
A the moment its rolled in acid free paper in a box kept out of the light.
What would something like this be worth framed and placed behind glass? I know it depends on the frame used - $650 - or more?
I would pay around $850 - $1000 if its framed correctly.
I would get a peice of brass, engrave it to what it is, and frame it right.. great for any collector to display.
The moth holes could be rewoven by a professional but the cost to do so would be prohibitive.
I think the suggestions about mounting on acid free board and framing is an exellent idea.
I believe you have received excellent advice from the membership on how to proceed.
LIFE'S LOSERS NEVER LEARN FROM THE ERROR OF THEIR WAYS.
I do agree. Try to figger out witch underground* would be best. First thing that comes up to me is a similar red undergroud just as big as the armband is, that might make the moth holes less obvious.
* by "underground " I mean the acid free paper that would be used at the back (don't know if the translation is right!)
Always looking for Belgian Congo stuff!