Mark B. Ledenbach's vintage Halloween collectibles blog.

1930's Silvered Halloween Die Cut - Two Black Cats Fighting on fence Moon Homes

Although Beistle issued the set of twelve diecuts, of which this design is one, from 1932 through the early 1950s in their typical green/red renditions, it manufactured these silvered versions for perhaps a single season in the early 1930s. As with nearly all such things, I suspect this silvered version was not popular so the run was immediately stopped. The upshot: these versions are harder to find and command a small premium to the ones with the typical color palette. (I have never been a fan of these silvered diecuts.)