It's a toy. That said, I've only ever seen them in orange with 'gold' lugs with either Eric Delaney or Ringo Starr's name on so this might be more rare.
They used to sell these in Woolworths in the 1960's. I always badgered my mum and dad to buy me one, and was never lucky enough to get one. In the end I 'aquired' my dad's kit and the rest is history as they say.
Ludwig vintage Vistalite (Tequila Sunrise), Super Classic (Champagne sparkle), Speed King/Hercules, vintage Avedis Zildjian. Snares: Vistalite & Acrolite.
I had one as a kid. It was the Ringo Starr version. Just a kiddies toy but I wish I still had it for the nostalgia value. I had a 40 year hiatus between losing that drum (or losing interest in it) and starting to play "proper" drums. Why? What a waste.