Abstract: The rapid and economical replacement of golf flags to indicate the varying position of a flagstick with respect to a golf green is facilitated by a golf flag assembly which has a flag tube element with a radially extending stiff flange which extends from the tube wall. A flexible sleeve extends around the flag tube element to overlie the tube wall and the flange, and has an exterior margin with a first part of a two part hook and loop fastener positioned thereon. A flexible loose flag has an inner margin with a strip of the second part of the two part hook and loop fastener. The loose flag is releasably connected to the flag tube element on the sleeve, permitting it to be rapidly removed and replaced with another loose flag of different appearance indicating a different position of the flagstick on the green.