The seller had originally posted the item for $800 but ended up accepting a lower bid .The Beanie had a near mint 3rd generation heart tag and a mint 1st generation black and white tush tag. Smart Collecting's Counterfeit Expert, Peggy Gallagher, had authenticated the Beanie Baby.
Chilly the polar bear was issued on June 25, 1994 and retired on January 7, 1996. It was produced with a 1st, 2nd and 3rd heart tag. According to Checkerbee's Winter 2001 Value Guide for Ty Beanie Babies, a Chilly the Polar Beanie Baby with a mint 3rd generation heart tag is valued at $1,400. In 1997, Les & Sue Fox, authors of The Beanie Baby Handbook, estimated the value of Chilly the polar bear at $600 and predicted that it would be worth $2,500 in 2007.