PM10 Pins Question

I've been looking at the PM10 pins and see that PSA has graded some of them. But I also see that some come with different color ribbons attached along with either a metal baseball glove or a bat and ball.
Does anyone know if they were sold both ways? I would think that a pin with the ribbon removed would be considered altered. And do these pins have any value with or without ribbons?
Thanks
Does anyone know if they were sold both ways? I would think that a pin with the ribbon removed would be considered altered. And do these pins have any value with or without ribbons?
Thanks

Looking for Carl Willey items.
0
Comments
There are a few different types and they were issued for many years.
1940 type
Here is a teddy ballgame one I have (Name at top, ca.1950's)
FS if interested
Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
Successful transactions: Shrub68 (Jim), MWallace (Mike)