Good morning, Samantha,

Thank you for contacting Mearto with your appraisal inquiry.
The condition of antique and vintage toys has always been heavily dependant on condition, which is sometimes difficult to assess strictly from photographs, so I have erred on the side of caution and been conservative in my valuation. Should you elect to sell this at auction, you might consider an auction house that specializes in toys and one that is can appropriately assess the condition of this bear.

The following recent auction sales have been used to research the fair market value of your bear:
https://www.invaluable.com/auction-lot/a-1950s-german-steiff-golden-mohair-teddy-bear-6d24118aa6
https://www.invaluable.com/auction-lot/steiff-type-mohair-teddy-bear-188424c8c1
https://www.invaluable.com/auction-lot/early-steiff-jointed-mohair-teddy-bear-no-button-0b8438291c

Based on the photographs and information provided, and subject to examination, this is:
A Steiff Golden Mohair Musical Teddy Bear
first half 20th Century
With jointed head, arms and legs
12 inches long
PROVENANCE; gift from parents
CONDITION: client represents this is in great condition. A music box was put inside it but no longer works.
$200-300

Please let us know if you have additional items to appraise, and thank you for using Mearto.
$200-300