1940s - 50s vintage camp blanket, a wool / rayon blend, I think? It's edged in cotton print fabric which is probably a replacement for the original blanket binding, very nicely done, and an excellent compliment to the blanket colors and pattern.
The blanket measures 60" x 80", and looks very good overall. We found two small holes (one right at the center of the blanket), but no fading, thinning, rips or tears. It's nice and flat, no buckling.