This is a 6-3/4" mechanical Panda Bear, in box. Known as the Thirsty Bear, the bear has a wind-up key in back, which, when wound, causes his tail to spin around, he then pour a glass of milk from the plastic bottle from his right pay into the cup held in the bear's left paw. The bear then sips, tilting his head back. This item dates from the mid 1950s, and I rarely played with it, thinking it a bit too juvenile for my "sophisticated" 3 year old taste! Mr. Bear has stayed in his box for many years, gone through many moves, but he finally went on a trip to Atlanta, GA in 2009 where he was entered in the UFDC competitive exhibit and won a third place.
The box has a rip on one end, but is clean and in pretty good condition. The bear is in excellent condition, but there is a stain (I believe it is a rust spot) on the left side of the back of the bear's coverall. The print on the box states this item was made in Japan, Trace Mark ALPS, PT. NO. 26799, 26800, 14300