What happens to a well loved and used quilt

Back when I was a little kid, my mom found some lovely toweling fabric and made me and my 3 sister wonderful beach coverups and towels. When the day came that they where no longer useful (I am sure we did the normal thing and grew), she made them into this wonderful quilt.

It was on my bed for a while, then used on the sofa to warm little ones in the evening, then my eldest moved out and took it wth her for comfort and warm.

It has been dragged around, washed, cuddled in, washed, used for tea parties on the lawn, washed, in short, very well loved. And now due to be retired.