Carousel Figures
Tobin Fraley - The American Carousel Collection (Willitts)
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A Tobin Fraley signature carousel series created by Willitts Designs.  Every Willitts/Tobin Fraley original will have a coin inset in the base identifying it as a Tobin Fraley, and Tobin Fraley's signature will appear on the horse's belly.  If it doesn't have both, it could be mismatched (wrong horse with base or wrong base with horse), misidentified, or else a copy (a few of these have begun to surface now that Willitts is no longer producing them, but most are properly identified by the new company name and do not bear Tobin's name incorrectly on either base or horse).  
 
There are also a lot of rebadged Fraley pieces surfacing now.  The base will have a coin that says "Tyler Vincent Limited" on it.  The horse and base will be true Tobin Fraley pieces, though often they are mismatched (for example, the horse will be a Fourth Edition and the base a Third Edition).  They are true Fraleys, just not official Fraleys.  I contacted Willitts to ask them about these, but never got a reply (they also told me some time ago that they'd send me as full a list of Willitts pieces as they could come up with, and they never did).  My guess is that these "Tyler Vincent" pieces were leftover non-sellers and they just decided to get rid of their inventory and let someone else put their name to them instead.  I'll put up some examples of them later.
 
There will also be a symbol that identifies the edition (as well as the coin stating the edition for every one except the Intro and First editions).  An example of the signature/symbol and coin are with each edition.
 
All the identifications in this section were made using the Collector's Guide in the back of Tobin Fraley's book, "Carousels:  The Myth, The Magic, and the Memories", published in 1991 by Willitts Designs Publishing.  There seems to be some confusion between the year the book gives for each edition and the year that is physically on the horse's belly (in the later editions, the earlier ones were not dated on the belly).  I've given the years the book gives, though the horse/certificate may bear a date of the previous year.

Introductory Edition (1986)

Fraley Intro Edition, Signature and Coin
Coin says - "Willitts Designs, the Tobin Fraley collection, Limited Edition"

Large and Medium Carousels (6" and greater)

(I combined 'large' and 'medium' because the only difference between the two in this edition is the presence or absence of the canopied base - the figures themselves are the same size whether the canopy is there or not.  The four-horse carousel in this edition is the only truly 'large' figure).

Tobin Fraley - Looff Ram
  
Willitts/Fraley - Stein and Goldstein Armored
 
Tobin Fraley Looff Jumper
  
Tobin Fraley - Dentzel Cat
  
Willitts/Fraley - Spillman Jumper
  
Willitts/Fraley - Carmel Jumper
 
Willitts/Fraley - Parker Jumper with Chariot
 
Willitts/Fraley - Dentzel Lion

4-Horse Carousel with Porcelain Canopy and Oak Base

Small Carousels (under 6")

Tobin Fraley - Muller Stander

Herschell-Spillman Stander (White with Sword on trappings)

PTC Stander (PTC Shield in trappings)

Dentzel - Stander with American Flag

First Edition (1987)

Fraley 1st Edition - Signature, Symbol and Coin
Coin says - "The American Carousel, Limited Edition, by Tobin Fraley"

Large Carousels (12" and greater)

Tobin Fraley - Looff Jeweled Jumper
 
Tobin Fraley - Looff Galloper
 
Tobin Fraley - Looff Armored Horse
   
Tobin Fraley - Illions Flame-Mane
  
Tobin Fraley - 4 Horse Carousel

Medium Carousels (6" to 12")

Tobin Fraley - Looff Galloper
 
Tobin Fraley - Carmel War Pony
 
Tobin Fraley - Illions Jumper
 
Willitts/Fraley - Looff Stargazer
 
Willitts/Fraley - Illions Armored Jumper
 
Tobin Fraley PTC Jumper
 
Tobin Fraley - PTC Jumper
 

Muller - Jumper (Rocking Horse)
[see Muller Jumper in Third Edition pieces]

Looff Armored Jumper (Rocking Horse)
[see Looff Armored Jumper in Third Edition]

Second Edition (1988)

Fraley 2nd Edition - Signature, Symbol, and Coin
Coin says - "The American Carousel, Second Edition, by Tobin Fraley"

Large Carousels (12" and greater)

Tobin Fraley - Dentzel Rabbit
 
Tobin Fraley - Herschell-Spillman Zebra
  
Tobin Fraley - Herchell-Spillman Frog

Illions Gold-Mane Jumper (cherub behind saddle)

Grey Looff Galloper with Mother/Child rider

Willitts/Fraley - Parker Jumper

Large Illions 4-Horse Carousel

Medium Carousels (6" to 12")

Tobin Fraley - Muller Paint Pony
  
Fraley - White PTC Jumper
 
fraley_mother_daughter_ptc_thumb.jpg
  
fraley_father_son_ptc_thumb.jpg
  
fraley_boy_looff_thumb.jpg
  
fraley_girl_ptc_thumb.jpg

Small Carousels (under 6")

Snowglobe - Looff Western Pinto Jumper with Boy rider

Snowglobe - White Ribbon-Draped PTC Jumper, Girl rider holding Teddy Bear

Ornament - Looff Western Pinto Jumper with Boy rider

Third Edition (1989)

Fraley 3rd Edition - Signature, Symbol, and Coin
Coin says - "The American Carousel, Third Edition, by Tobin Fraley"

Large Carousels (12" and greater)

White Carmel Jumper (head up position)

Black Illions Jumper with Gold Mane

White Carmel Prancer (head down position)

Medium Carousels (6" to 12")

White Carmel Jumper with Girl Rider

Tan Carmel Jumper with Boy Rider

Tobin Fraley - Muller Jumper
     
fraleythirdptc-thumb.jpg
 
fraleyindian-thumb.jpg
  
Tobin Fraley - Looff Armored Jumper

Small Carousels (under 6")

White Parker Jumper, head-up position, cropped tail - gold wing on trappings

Brown Parker Jumper, head-down position

White Parker Stargazer with Girl rider

Brown Parker tucked-head Jumper with Girl rider

Parker Armored Jumper with Boy rider

Parker Jumper with Boy rider

Parker Stargazer Jumper with Flag

Parker Indian Pony Stargazer

Fourth Edition (1990)

Fraley 4th Edition - Signature, Symbol and Coin
Coin says - "The American Carousel, Fourth Edition, by Tobin Fraley"

Large Carousels (12" and greater)

Stargazer Jumper - Inspired By Looff

Tobin Fraley - PTC Stander
   

Large Four-Horse Carousel with Porcelain Canopy - "The Four Seasons"

Carmel Half-Round Carousel Platform with Canopy, Band Organ, and Spectators
(based on the Playland Carousel in Rye, New York)

Medium Carousels (6" to 12")

Stargazer with Wreath, inspired by Looff

Herschell-Spillman Zebra
(very similar to 2nd Edition zebra except for size)

Tribute to Barney Illions
  
The Four Seasons - Spring
   
Willitts/Fraley - Summer
  
Willitts/Fraley - Autumn
  
Tobin Fraley - Four Seasons, Winter
   
Willitts/Fraley - Camel

Small Carousels (under 6")

Fifth Edition (1991)

Fraley 5th Edition - Signature, Symbol, and Coin
Coin says - "The American Carousel, 5th Edition, by Tobin Fraley"

Large Carousels (12" and greater)

Willitts/Fraley - The Four Seasons (Spring)

Medium Carousels (6" to 12")

Small Carousels (under 6")

Sixth Edition (1992)

Fraley 6th Edition - Signature, Symbol, and Coin
Coin says - "The American Carousel, 6th Edition, by Tobin Fraley"

Large Carousels (12" and greater)

Willitts/Fraley - Fire
  
Willitts/Fraley - Earth
  
Willitts/Fraley - Air

Medium Carousels (6" to 12")

Small Carousels (under 6")

Seventh Edition (1993)

Fraley 7th Edition - Signature, Symbol, and Coin
Coin says - "The American Carousel, 7th Edition, by Tobin Fraley"

Large Carousels (12" and greater)

Medium Carousels (6" to 12")

Small Carousels (under 6")

There are many more in this series, that I don't have pictures of or haven't listed. If you have any you'd like to have added, send me a photo and description (including the 'run number' on the base and basic size of the figure), and I'll add it. If you have a horse you think is a Fraley and want it identified, send me a pic and I'll tell you what it is if I know it.