Beanie babies
October 14th, 2008A beanie baby is a toy made by Ty Inc which is partially stuffed with plastic pellets to give the toy a flexible feel. Beanies babies were first launched in 1993 and consisted of nine animals - Legs the frog, Squealer the pig, Spot the dog, Flash the dolphin, Splash the whale, Chocolate the Moose, Patti the Platypus, Cubbie the bear and Pinchers the lobster.
Initially sold at gift shops and specialty stores, beanie babies were considered popular collectibles in the 1990’s as Ty Inc started retiring the initial toy models. It was assumed that the models which were no longer in production, would increase in value. However, the appreciation in value has not been as much as expected.
As a collectible, the value of a beanie is determined both by the rarity of the particular model and the presence of tags. A beanie baby has at least two tags - a hang tag, ear tag or heart tag and a tush tag which identifies the year of manufacture. If the tags are missing the value of a beanie baby as a collectible reduces drastically.