Vintage Wooden Clown Stacking Toy

I've rarely met an old wooden stacking toy I didn't like, and this is just a fun one, unmarked but I think perhaps made by Brio quite a while ago. The hat pulls off allowing one to arrange the discs in whatever way, and to turn the clown's hand-painted head upside down if desired! 

7" t x 3" in diameter and in good, well loved condition, and initialed in marker by its one time owner on the underside of the base.