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Tedd Bears have comforted the young since the early 20th century, but now they can offer financial solace too!  Vintage bears may fetch thousands of dollars, but post-1940's, miniature, and promotional teddy bears can be found for much less.  The special appeal of teddy bears is that each one has its own characteristic charm.  Enthusiasts may benefit from learning to recognize shapes and forms of different makers, but 'hug" appeal should not be underestimated.  Original pads, eyes, and stitching and intact fur are all desirable.  Also vital are size, maker, and condition. 

Pre-World War I bears are rare and expensive.  President Theodore "Teddy" Roosevelt was the inspiration behind the creation of the teddy bear, and teddy bear fever swept the US during the early years of the 20th century.  The Ideal Novelty & Toy Company is reputed to have made the very first teddy bear in the United States.  Early Ideal bears feature a wide triangular head, short mohair, very long limbs, long muzzles, and large narrow feet.  Other early USMakers include Harman, Aetna, Bruin (BMC), and Columiba Teddy Bear Manufacturers.  The latter was known for the Laughing Roosevelt Bear, which was designed and produced in 1907 to reproduce President Roosevelt's grin, and featured wooden or glass teeth.  It can now be worth around $4,000.  Novelty bears made around this time by various manufacturers, which could growl, whistle, or tumble, or had eyes that lit up, are sought after. 

Even interwar bears can fetch high prices, especially those by German makers such as Steiff, Gerbruder Bing, and Schuco (trademark of Schreyer & Co.)  Prices start at around $300-500 for a 1920's or 1930's teddy bear, rising to $15,000 or more.  British bears made by Chiltern Toys, Dean's Rag Book Co., and J. K. Farnell can fetch $300-900 or more.  Chad Valley and Merrythought bears usually cost upward of $150, depending on age, size, and condition.  Small, much loved bears with balding fur and replaced pads, eyes, and noses usually sell for well under $200, unless by a notable maker.