There's no need to count sheep over this bitty barnyard buddy. Here we have a too cute for words Steiff lamb! It is simply amazing that this item is in such nice shape given its age and that it was designed as a play toy for babies! Steiffgal suspects that it was purchased as a gift for some lucky child and used primarily as a nursery decoration, not a toy. Or, sadly, the child passed away in infancy and never got to enjoy the toy - or life. The lamb measures about 3 inches tall, head to toe. He is standing on all fours, unjointed, and made from lamb's wool plush. His face, ears, and legs are made from felt. His legs are lined in metal wire. His face comes to life with teeny black button eyes and a very simple hand embroidered pink nose and mouth. His bell and ribbon are original to him. He retains all of his original Steiff IDs, including his tiny long trailing "F" button and linen backed white paper ear tag. 
Numbers don't lie! According to the Sortiment books and his prominent ear tag numbering, this lamb was produced from 1902 through 1917 overall, and as a "pram toy." This particular model was made in the 1910 through 1917 time frame. Pram toys were hanging toys designed to dangle from a baby's carriage or crib. Most of Steiff's earliest pram toys were constructed from elastic cord and woolen pom-poms, suspended from a white ivory carved ring. The "1" on the ear tag means "standing" and the "5" means lamb's wool plush. The "75" identifies it as a "hanging toy" while the "46" identifies it as a lamb. 
Now shake a leg and check out his little secret. This lamb actually is also a rattle, elevating him to novelty status! As a rattle, he makes a little "click click" sound when jiggled about. Steiffgal has handled rattle bears, dogs, cats, squirrels, and now this lamb. They all share the similar construction of having a small sealed glass tube filled with beads inserted into their torsos. Usually, but not always, rattles were made from the smallest versions of Steiff's most popular designs. The "youngest" product Steiffgal has seen with a rattle is a c. 1929 velvet sitting "Pip" dog. You can see this "chatty" Pip pictured here on the left. It is her best guess that the company stopped making rattle items in this fashion from the 1930's onward.
Steiffgal has not been able to figure out any ear tag numerical code that distinctly and specifically identifies an item as having a rattle feature. So finding one, which usually comes about by accident, is always such a delightful surprise!
Steiffgal hopes this discussion on this wonderful Steiff novelty as shaken you up a bit!
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