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I have a few NRA ties that are self tipped (the tie fabric cut too long and folded back to form the tipping), as well, which is super weird. It's a feature I had always associated with the 1960s, until I found a big bag of them, obviously very old, and several with NRA labels.
Yes, they did that because the material to make the tie was usually in more abundance than material to tip a tie---cheaper too.