Old Confederate Vets Display Battle Flag: Can You Identify the Flag?

We received this photograph of two old Confederate veterans holding a battle flag. Can you identify the flag as to regiment?

Note that the vet on the left appears to be wearing a cavalry jacket (see examples here). This jacket resembles those worn by the First Virginia Cavalry (see illustration). However, the flag in the photo is clearly labeled "Georgia."

Sent: Tuesday, February 01, 2011 4:05 PM
Subject: olde Confederate veterans and flag

All y'all,

I found this image on Facebook from my friend across the water, Tomasz Chylinski, of Poland.

So the question is, has anyone ever seen a flag like this? Note the crest with "G5" written in it. If so, what can be said about it? Also, note the apparent age of the two men and their slim physique and upright posture, compared to the modern American veterans. My guess as to where they are would be one of the early Gettysburg reunions. Were other battlefield reunions regularly held?  I seem to recall there were only two Gettysburg reunions of note, the 50th and the 75th.

Mainly, I wanted to share this image with my Southern brethern.

Sincerely,

Jimmy L. Shirley Jr.

SCV Camp 1599

James Patton Anderson

West Palm Beach, Fla.