SueAnn- This teddy was given to my Mom's older sister in the the late 1930's*.My Mom was born in 1942 but her sister is 8 years older than her. I will be able to measure the teddy when I go visit again in the beginning of August. It's a medium sized teddy not bigger than 24". My Mom has no idea of the origin of her teddy. I know her father's mother was English. Her parents had a fondness for English and European things so my research has been pointed in that direction as well as the US. The nose may be waxed and not some kind of Bakelite as I previously wrote.
I so appreciate all the kind words about this teddy. I've always loved him.
*I think this teddy was made during 1930s when popularity of the panda style of teddy bear was at its height.