This is a cute teddy bear stuffed toy. This is one of the most popular toys for children, which appears in various stories, songs and films. Since the creation of the first teddy bears which sought to imitate the form of real bear cubs, "teddies" have greatly varied in form, style, color, and material. They have become collector's items, with older and rarer teddies appearing at public auctions. Teddy bears are among the most popular gifts for children and are often given to adults to signify affection, congratulations, or sympathy. The toy was developed by the toymaker Richard Steiff in Germany in the early 20th century. in 1902 the Steiff firm produced a stuffed bear from Richard Steiff's designs. Steiff exhibited the toy at the Leipzig Toy Fair in March 1903, where it was seen by Hermann Berg, a buyer for company in New York. He ordered 3,000 to be sent to the United States. Although Steiff's records show that the bears were produced, they are not recorded as arriving in the U.S., and no example of the type, "55 PB", has ever been seen, leading to the story that the bears were shipwrecked. However, the shipwreck story is disputed – author Günther Pfeiffer notes that it was only recorded in 1953 and says it is more likely that the 55 PB was not sufficiently durable to survive until the present day. It is possible that the arrived teddy bears were hidden so another U.S. company can claim the invention. This is actually also done by the toymaker Morris Michtom in the U.S., who claimed the creation of the same toy.