Multi-Products, Inc. existed in Chicago from the 1940s to at least 1959, who created this set of 24 comic characters, including The Phantom.

These little 6″ wood-look figurines were originally sold in 1944 in dime stores for 5 cent, with some offered only as mail-in premiums for Cream of Wheat and Farina cereals.

The Phantom version was offered in 2 different colors, brown and purple, with only 500 of each produced.