The biggest misconception is that Iggy was mistagged and should be called Rainbow, but it is tagged correctly. The first versions of it had the wrong fabric
There are many variations of Iggy, some would say over 10, especially if you count the different variations with pellets (PVC or PE), hang tag placement (foot or spine), with tongue or without tongue, fabric production (similar to Peace beanies variations), but to simplify matters we’ll give a sampling of them.
Iggy incorrect fabric – as above, and also:
Iggy with incorrect fabric page
Iggy correct fabric shown below
Please read more details about the variations of Iggy and Rainbow here.
Iggy vs Rainbow Beanie Babies
Iggy (incorrect fabric) has also been found Handmade in Indonesia with a Canadian tush tag.