This is a vintage or antique Billy Royal Saddle. I'm guessing this was made in the 1960's or 1970's based on the silver lacing and buckstitching that was common during that time period. The leather appears to be in good condition. It says Rode Oak on the silver plate on the back of the saddle. The fleece is coming loose on the bottom of the saddle.
Please see the last 2 pictures- I'm pointing to the locations that are missing fleece. The saddle is probably okay to use as it is without replacing the fleece, but that is up to you to decide. There is some rust on the rings where the latigo is tied. One of the stirrups has a torn piece of leather (please see 2nd and 5th picture). Because this is an older saddle, it may have minor cosmetic damage.The item "15 Vintage Billy Royal Western Show Saddle with Buckstitching" is in sale since Friday, September 17, 2021. This item is in the category "Sporting Goods\Outdoor Sports\Equestrian\Western Saddles & Tack\Saddles". The seller is "horsesrule11" and is located in Alachua, Florida. This item can be shipped to United States.