That one looks like it still has lots of life left in it
I have a couple of raggedy ones I don't want to even take a pic of. But I am like you, reluctant to throw away one they really like. Ben loves to take his toys outside. It is like he is afraid to go out the door without a toy in his mouth. So, his really take a beating and need extra laundry. He usually makes the choice for me. He will have a toy for months - years and then suddenly one day he shreds it to pieces. Then finally, I can throw it away.