Here is a pic of a tag I had last year from the MHDGC bag tag. I love these and they are worth the extra money we pay in dues, (it's 20$ to join our club, that year we got a sticker and a towel as well as the tag, this year we got a new designed tag and a really nice 32oz water bottle). And we have a massive last of the year tag match on Dec31 and keep which ever tag we get, then on teh 1st of January have new designed ones and a first tag match of the year.
The others in the picutre are Trophy tags. When Mile High Disc Golf Club does a tournament they give out Trophy Tags.
The gold one is a BADCO (aka Denver Disc Golf) Tag. IT's really heavy gold plated Copper medalion. Blue painted ones are the Ams, and the PRos have theirs Painted in RED.
Laser Etched, Aluminum, pretty sure it's aluminum, doens't feel as heavy as stainless steel does.