Its PPG aluminum lacguer tinted with testors black enamel with DuPont violet pearl powder and cleared with Transtar "Jammin Clear", a real mongral paint job.
That semigloss finnish can be safely removed with IPA and a soft fluffy round paint brush, just go slow, I've done that quite a few times back in the 80's when Monogram had the satin clear fettish goin on.
How about "Clutch Cargo" ? with Swampy ,Spinner&Paddle Foot They were a live mouth super imposed on to still cartoon face, real cutting edge back then in the mid fifties.