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."
Mark B. Ledenbach's vintage Halloween collectibles blog.