Some very old Britains 4.7 Naval Guns which were made of Lead Alloy comprising of Antimony for hardness while Tin adds to the strength and the fluidity. Britains stopped using this lead based alloy around 1966 regarding safety reasons and the rising costs of lead and moved gradually towards plastic and zamak.
This 4.7 inch model gun has the Patient date on the side of the trail 1918 while the other gun that has been painted is a much early gun from around the early 1900's. So far I haven't come across any oxidation with any of Britains toy soldiers or guns, tanks and vehicles. My son has a good collection although when he is not displaying them they are kept in plastic storage boxes.
The two wagon spoke wheels are soft lead without any additives to make them hard as with lead alloy used in the naval gun.
Below is the 1900's first version modelled by Britains founder.
Compositions of Die Casting Lead Alloys.
Lead Antimony. 90% lead and 10% antimony.
Lead Antimony Tin 80% lead and 5% tin with 15% antimony.
While there are other alloys such as Lead SAE 13 and 14 I doubt that this mix was ever used to make toy soldiers.
While lead does have certain resistance to most chemicals and acids it is interesting to note that Oak Timber may leach out gasses that may affect lead components if stored for long periods of time without circulation air which in-turn could cause oxidation of the alloy mix or is it the pure ferrous metal and not the alloy mix.
I do know that ancient mariners and boat builders used to coat the heads of the copper nails used in ship building to stop electrolysis for eating out the copper nails. Now days they use Zinc blocks on the side of the hulls of ships for that purpose.
Interesting indeed.