I've seen these oddly colored devil head lanterns occasionally over the decades and remain unimpressed. They just don't have the impact the traditionally toned ones have for me. I do believe F.N. Burt made these with varying odd colorations, probably late in the overall production run. As with all inserts I haven't examined personally, I assume it is newer. Sustainable guide value for this lantern with a typical look is $350. I can't imagine, even during an optimal listing time, that this would get more than a fraction of that value, even if it didn't have a carved bottom.
01/19 Update: This brought $153.50, a bit more than I would have guessed.