Thank you for contacting Mearto with your appraisal inquiry.

It is a cute Steiff teddybear. Such vintage Steiff soft toys are being offered at auction on a regular basis.
The bear is in very good condition based on your description and the photos. I assume that it is the original box that the Steiff teddy was kept in and that you still have this box. This adds to the value of the teddy.
Steiff soft toys are very popular amongst both dealers and collectors. Of course it is the very old items that are most valuable however you teddy will also increase in price during the next years.
This type of teddy was made as a kind of souvenir or resemblance teddy bear based on how the old and first Steiff teddy bears looked.
The estimate provided is for a well-advertised specialised online toys auction, where I believe the Steiff teddy has the best chance of realising its fullest potential. However, there is no measurement for the sentimental value you might attach to the teddy bear. 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