Can someone ID this Royce Union kids bike?

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Well, THAT'S different! Royce Union was the badge of Union Cycle, who also made parts, including pedals for Schwinn. They were somehow related to the Daimler/Puch/Steyr collective, who produced most of these strange looking Euro bikes of the 50s-70s. -Adam
 
That is truly and odd duck! I agree with Adam; definitely unique and while it may or may not have much collectors value, I don't think you could go wrong for 100$. It's designed to look like a moped, which became really popular in the late 60s.

I grew up with a Royce Union bmx from around 2000 and it used the same two colors.
 
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