This is not a toy, was from my mother in law who had it from circa the 1950's. In original box with holes for the screw on earrings. Please bid with confidence in knowing it is real. Let us just see where the bids go, OK?
Very nice old set! A definite collectible! Judging from the vintage it probably is bakelite; easy to test with simichrome metal polish or 409 & a Q-tip. As you said, bakelite is also highly collectible. Fanned & watching =(^.^)=