The product is a Ty Beanie Baby Peace Bear from 1996, featuring a rare tag error. It is a part of the Beanie Babies character family and is recommended for children aged 3 years and up. This retired Beanie Baby is a collectible plush toy that has gained popularity among fans of Ty products and collectors of vintage Beanie Babies. With its unique tag error and vibrant multicolor design, this Peace Bear is a sought-after item for those looking to add a rare and special piece to their collection.