This incomplete diecut was produced by Beistle during the 1950s. It was one of a set of four they produced during the mid-1950s. Missing is the spider made from black construction paper. (The others comprising the full set can be seen on page 158.) As I write, "Having an item like this spider separately attached to a diecut is unusual. More labor is required and the chance for defects increases the risk of returns. This may account for the mere three season run this diecut enjoyed."
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Mark B. Ledenbach's vintage Halloween collectibles blog.