That's how the first released versions were, yeah.From the 1993 Sears Wishbook. Interesting that the Dinobots are in their G1 colors.
Hmm...
Hmm...
Nope... nope.
These aren't firetrucks fighting sharks. Which is fine, don't get me wrong, but someone is going to have to explain the reference to me.
He also never actually ever wielded it in hand in the cartoon.The missile launcher accessory is kind of meh. It can attach to the shark mouth and store in the upper jaw but there aren’t any alternative mounting positions and it does nothing for robot mode. Sure he can hold it but it looks like a pair of binoculars.
They put a 5mm peg on it so they clearly expect you to put it in his hand. It just looks dumb doing so it’s basically stuck on the roof of his mouth/fanny pack when not in use for shark mode.