Mark B. Ledenbach's vintage Halloween collectibles blog.

Antique Embossed Mini Die-cut Witch & Cauldron with easel back - Made in Germany

This is one of a set of at least five designs made both during the 1930s as well as right after WWII from 1945-1949. There is just a handful of German diecuts that will routinely surface showing a mark indicating a manufacture date during the late 1940s, but the set to which this design belongs is among them. Others from the set can be seen on page 185. In my view, this is the strongest design from the set. 

05/03 Update: This sold for an astounding $595. SGV is $250.