So, here's a collectibles rule of thumb... if you find a Marvel toy that's made of tin, chances are that you've got yourself a Marx Toys item! This was part of a line of licensed license plates intended to be put on your bicycle. They made Batman ones, too!
Yes, I know you probably can't see the Hulk in the photo, because it's cut off... but this isn't a Hulk blog, it's a Captain America blog, so what we're most interested in is the Captain America iron-on!
I have no idea what makes this a "magic flashlight," given that you can see the battery on the package!
But what's even more amazing is that someone was paid to create that header card art... and I've seen that same extremely badly drawn picture used on other items too... and that makes this not only a rack toy, but a weird toy!
I have been a Navy journalist, word processor, graphic designer, medical assisting student, cook, and truck driver, and am currently an eBay seller as well as an employee at a big retail store. I have been and always will be into comics, sf, tv, cartoons, monsters, oldies rock, and lots of other stuff.
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