1986 Serpentor: Cobra Emperor
Earlier versions of Serpentor featured a painted yellow neck. You can see the yellow neck on the prototype figure on the back of the box. More than likely Hasbro made a running change and eliminated this extra paint app to lower budget or to address paint rubbing off of the yellow neck. Credit: NAJA EMPIRE from HissTank. Figure courtesy of Dan Carroll. Check out his eBay store for tons of vintage Joes!
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There were several versions of Serpentor's snake. Above you can see brown and gold snakes.