Perhaps
one of the more under-rated figures in the World's Greatest Superheroes
line, Falcon is a testament to Mego's growth in terms of producing
quality action figures.
At the time, The Falcon shared a monthly title with
Captain America which was a classic of the "Bronze Age" of
comics. From the comic accurate head sculpt, to the winged outfit
and unique boots, the Falcon's attention to detail rivals that
of
the Green Arrow and is miles away from the days of oven mitts.
Mego did seem to miss the fact that Falcon had gloves in the comics however. Also many Falcon figures had Planet of the Apes hands. No doubt this was recycling bodies from the then cancelled Apes line to a more popular character. Regular hand versions of the Falcon can be found as well.
Falcon was available in both type 1 and type 2 bodies.
The only major variation in the Falcon are the hands. Hands from
earlier in the run are Planet of the Apes hairy hands, and later
issue Falcons have normal hands.
Accessory
Check: Click to identify original
and repro parts. 
The Mego Falcon box is one of the most eye catching and often it is very cost effective to find.
Falcon on his 1975 Card is one of the toughest of the WGSH to find carded, he was only available on this card and must have been dropped from the line in future waves. Thanks to Tom for providing this nice example, a must have.
The Mexican Fist Fighting Falcon (Halcon) produced by Lili Ledy under License by Mego. It seems Mexican toys had to be produced on Mexican soil, so variations such as the head and outfit abound. Courtesy of Brian Heiler