A puzzle comprises a plurality of puzzle pieces adapted to be assembled in a predetermined pattern on a puzzle tray to form a complete image. Each puzzle piece has a lenticular display providing first and second separately viewable lenticular images dependent upon a viewer's line of sight. The first lenticular image of each of the puzzle pieces forms a portion of the complete image. The second image of each of the puzzle pieces matches corresponding indicia provided on the puzzle tray. The puzzle tray and the puzzle pieces can be magnetic and the tray provided with a hanger or an easel to support the assembled puzzle in a display position.