This beanie has no hang tag and an embroidered tush tag! Peking has been authenticated by Peggy Gallagher certificate # 137745 Peggy states: 1st Panda No hang tag Ty tush tag Mint Retired 1/7/96 Low Production Rarest 1994 Beanie. Please see photos. Note the tush tag photos were taken before the beanie was sent for authentication. The tag is difficult to see in the case. The tush tag includes the copyright date of 1994, whereas no other tag has this date. Embroidered tags are thought to be a mistake and it is incredibly rare to find a beanie with one attached as they are normally reserved for Ty Classics. Only a prototype beanie is more rare!!!