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ANSWER: Believe it or not, you bought one of the items that Steiff made. The company has made fine quality of teddybears since they produced their first bear in 1903, but it didn’t start there. Over two decades before, Margarete Steiff designed a small felt elephant that she made as both a pincushion and a child’s toy.
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In 1880 she sold eight of the elephants, thus marking the beginning of the Margarete Steiff Toy Company. Her brother Fritz thought her elephants appealing and in 1883 he took a some of the elephants to a market in Heidenheim where he received a large number of orders. The company's price list of that year described "felt toys for children – robust and safe. Elephant with colored blanket." Steiff made her elephants in several sizes and stuffed them with leftover pieces of felt. She added metals wheels to some of them and left others without them. Building up this initial success, she showed the elephants at an export showroom in Stuttgart and soon she began creating additional animals for her line.
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To distinguish her work, Margarete filed patents and used a trademark of an elephant printed on a paper label. In 1904, she had the elephant trademark embossed on a metal button which she attached to each animal.
In 1897 Fritz' son Richard joined the firm. He’s the one who created the first teddy bear, which became the chief product of the company. Two of Richard's brothers, Paul and Franz, joined the firm in 1898. Franz developed the trademark "button-in-ear" concept for which Steiff has become known. A fourth brother, Otto, joined the company in 1902, and brother Hugo followed in 1906.
Eventually, Steiff’s little felt elephant grew into an entire menagerie of rabbits, deer, polar bears, frogs, fox terriers, and a big collection of monkeys. One of the most popular animals was a chimpanzee that wore a chauffeur’s cap.