The most rare of all the die cut stems is the Comet Regular. The design has one large (shooting) star and three surrounding small stars. Good luck finding one of these! From what I understand, there is only one collector (Craig Robbins) known to own a Comet Ragular. Check out this video of his collection from 1993 featured on Entertainment Tonight.
Not always included in the discussion of die cut stems is the Arithmetic Regular. It is actually considered by some to be the first die cut stem dispenser. Apparently, the Arithmetic Regulars did not sell well and were eventually given away as a mail-in premium. It turned out kids preferred PEZ dispensers with character heads, not math tools! :-) Note that the Arithmetic Regulars have two slots cut out in the stem, each having a sticker below it with numbers 1-9. It is common to find Arithmetic Regulars missing one or both of these number stickers, as shown in the tan dispenser below. The Arithmetic Regular is available in stem colors Blue, Red, Tan, Green, Yellow, and Orange (very rare). Arithmetic Regulars can also be found with a key chain attached, as shown below.
Most commonly thought of as die cut stem dispensers are Bozo, Casper, Easter Bunny, Donald Duck, and Mickey Mouse. Of these five, the Easter Bunny is the rarest and most valuable. Casper is available with black or red inner sleeves. Bozo and Mickey are available only with a red inner sleeve. Easter Bunny and Donald Duck are available only with a yellow inner sleeve.
Currently, I don't own any PEZ dispensers with die cut stems, but I hope to one day!
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