The product is a rare 1996 Ty Peace Bear made of PVC pellets. This collectible Beanie Baby from the original line by Ty is highly sought after by collectors. The brand, Ty, is known for its high-quality and adorable plush toys, making this particular bear a valuable addition to any collection. Its rarity and association with a popular brand make it a sought-after item for fans of Beanie Babies and collectors of vintage toys.