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The #8126 TNT Skipper Europe was sold 1974 only in small numbers. Some of these dolls may also already have been on the market in 1973. She very hard to find and probably often mistaken for a Funtime Skipper, because she has exactly the same markings:
© 1967 Mattel, Inc.
U.S. Pats. Pend
Made in Korea
"Made in Korea" is marked on her butt as well as on her waistline.
Unlike the TNT Skipper Europe #8519 sold in 1972, this Skipper doll came with the vintage Skipper arms. She had a TNT waist and bendable legs which resemble the legs of the vintage BL Skippers. Her head rim formed one line with her neck. The head was very squishy and tended to discolor or fade. Her lips were of a light peach color. These features are important because they help to identify this doll. You can find more information on this subject in the chapters “Arm and Leg Molds”.
These htf dolls was sold in an orange cardboard box stating "Skipper with Twist 'n Turn Waist and Bendable Legs" and was dressed in a (very rare) blue two piece swimsuit.
Page 2 of the German 1974 Barbie Booklet
Swimsuit variations (some of them probably faded)
You can find another, extremely rare doll dressed in the same swimsuit, but this doll came in the orange blister card of the German/European Skipper #8519. This Skipper has the body of Skipper #8519 and the head of Skipper #8126. You can see a picture of this doll in the Christie's auction catalogue "The Letje Raebel and Marina Collection" from 2006.
I bought a doll with exactly these features a few years ago and am happy to have found proof of her authenticity.
There were some dressed dolls sold on blister cards which also had the #8126. These dolls were probably all transitional dolls made with body parts of the #8126 and the #8519 Skipper: