Peanut the Elephant

Peanut the Elephant was bag number 12 in McDonald's 1998 Teenie Beanie set, the light blue Happy Meal miniature of Ty's full-size elephant. McDonald's later reissued Peanut in royal blue for the 2000 Teenie Beanie set, so the color marks which year's bag this is. Peanut is also one of three toys in the 1998 set, along with Twigs and Zip, that collectors frequently confuse with their full-size counterparts.

The 1998 promotion was McDonald's second Teenie Beanie run, expanding the original ten-toy assortment from 1997 to 12 animals after the response to that first set. It ran for about four weeks, from May 22 through June 18, 1998, and McDonald's ordered 240 million toys total, 20 million of each character. That volume makes bag number 12 a common find today, and an unopened bag by itself does not make one valuable.

The full-size Peanut retired May 1, 1998, three weeks before this Teenie went into Happy Meals, and has its own record here.