Thank you for contacting Mearto with your appraisal inquiry.

It is a cute vintage doll. Such vintage toys are being offered at auction on a regular basis.
The doll was made in the middle part of the 1900s. It appears to be made of vinyl or composition which was commonly used for toys and dolls in this era.
The doll has had a sound that was activated when turned upside down. Based on the photos the dolls appears to be in good condition.
It is hard to determine the manufacturer as I cannot read the brand name on the back of the dolls head. However there was a large doll production worldwide and it could have been made in Europe, America, the East or Australia. The type of dolls were more or less the same during this period.

The estimate provided is for a well-advertised specialised online toys auction, where I believe the doll has the best chance of realising its fullest potential. However, there is no measurement for the sentimental value you might attach to the doll. Retail "asking prices" can be higher and vary.

Please let me know if you have any additional questions. I’m happy to help.
Thank you