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Here's patent art for the V-RROOM! Engine filed by Mattel 2 months earlier...

Hey Ron,

I've seen a few of those online, but don't know much about them. Isn't that the one that looks like a V-Twin? Any idea who it was made by or what year they made them?

I guess I'll post this here too. Found this item for sale on E-Bay with a "Buy-it-Now" price of..... drum roll please...... $85.00 !!. YIKES!!! It's an old Post Corn Flakes Mattel Toy offer from the 1960's on the back of a cereal box. Makes you wonder how a cereal box survives for 40+ years intact, doesn't it? Must have found it in the house of a hoarder... LOL! There were 5 Grand prize winners that received a Mattel Stallion Bicycle, 200 first prize winners received a toy package that included a Mattel V-RROOM! Hot Rodder Engine and 3 other toys. The 1000 fourth prize winners received just the Mattel V-RROOM! Hot Rodder Engine

Here's one from JC Penney Catalog circa 1966.