Spotted at a recent toy show in a tray of miscellaneous smalls was this miniature teddy bear, just 3 inches tall. Bears like these were made in Japan from the 1930s-50s, and sold in dime stores and penny candy shops. They're not stuffed in the traditional way. Instead their velveteen fabric is glued over a molded composition or cardboard body. They have tiny glass eyes and bead noses, and often still retain their original ribbons when found.
Gold is the most frequently seen color; this brown one is a rarity.