While at my MIL quite awhile ago I saw this out in the garden over the green beans to keep them warm and extend the harvest. I did a double take and then had to convince her that I wanted it! She thought it was just an old raggy thing. Yes it is falling apart and I love that. It hung above my fireplace at our old house. Currently it is not being used.
It is from the late 1930s. Machine pieced and hand quilted. MIL won it in a raffle with a 25 cent ticket when she was first married so it must have been made about 1938.
It is a Dresden Plate isn't it?