As bizarre as this looks, it is indeed correct. This is a Holland figure, so named because the word Holland is stamped on the bottom. It is the same size and material as the SP figure from yesterday, and probably dates from around the same time. There are also versions with the word Germany. All the Holland figures have unusual paint jobs, totally different from their American cousins. Perhaps this color scheme is related to the weird colors in the RKO promotional materials from the 1951 original release.