How cute! These are definitely Raggedy Ann and Andy - I used to have Ann as a child - and they were a favorite of my grandmothers, since China dolls were the only other play option for young girls at that time.
Like Barbie, you could make their clothes, dress and undress them, etc. Most noticeable was their yarn red hair.
Brings back lots of memories. There are still some patterns out there if you want to make them yourself. Otherwise, just enjoy the panels in a young person quilt, organized how you like it.
It would be fun to see what you do with the panels. Please remember to show us what you decide to do.