This is a vintage Shaker Maker Lone Ranger Set from Ideal Toys circa 1974. 

Shaker Maker by Ideal allowed one to mold various figures out of 'Magic Mix'. When shaken the mix first hardens into a rubbery, 'wiggly, jiggly' creation, then shrinks and stiffens into a plaster-like statue. Many sets were produced throughout the 1970s including the rare Batman and Flintstones versions. Shaker Maker has been reissued through the years: in the early 90s by Toymax and in 2003 by Spin Master. ...kind of a version of a bobblehead! 

This item came from the stock of an old toy store; however, the box got wet and crushed, so we cut the box top off and side and shrink-wrapped them to a piece of whiteboard for better display. The box pieces have some minor tears, staining and fading....this is just PART of the box. This set has never been played with. PLEASE BE SURE TO READ THE DESCRIPTION AND SEE THE PICTURES. 

Two of the 3 bodies and one of the feathers are still stuck to the plastic - the 2 cowboy hats and one of the bodies have come detached. One of the orange face molds was crushed beyond use, so we tossed it. The back mold for the Tonto head has a the top corner busted off and a pinhole in the middle (as visible in the picture). A couple of the packets of the Magic Mix have come broken open, but most of the mix is still there and several of the bags are still sealed. The paint and the brush are unused - we sealed the mix and the paints in our sealing machine just to keep it safe and free from air. Both the cups are in good unused condition. I'm not sure if there was anything else that came in this set?? - what you see is what you get. 

Awesome 40+ year old Lone Ranger Play Set.