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Dave, You will find a lot of good info on it. That's how I found out about the nickel plating on the seat rail. You will probably find a 1932 catalog page with a listing of features. Even explains the "drive mechanism"!
I have a Colson Fairy Sport Racer built around 1932. I do not know anyone that has ever seen one before. How rare is this cool four wheeled childrens vehicle?
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