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The old Corgi toy is a far more faithful reproduction of the classic ALF lines than the current Code 3 "model."
I still have my first generation Corgi ALF TDA, which I got for Christmas back in 1968. The Corgi in unmistakably an ALF, jewelled headlights (which I love), big brass knobs, and all.
The Code 3 is just a disappointment. If you take away the little details and hefty price tag, it compares favorably with the Tootsietoy version of the ALF midmount.