This is a classic gramophone toy from the 1920s A pair of dancers can be made to perform three dances, Waltz, Foxtrot and Quickstep. The toy rests against the moving turntable and the dancers move on metal plates that are magnetically attracted to the central spindle. By changing the plate, the dancers change their dance movements.
The toy was produced in the UK under the name “Tango Two” by the “Hastings Patent Novelty Company”, but this is a US version by the “National Company”. A real rarity and collector’s item.