Collecting Beanie Babies is a fun hobby that has the potential to make you very rich. Some expensive Beanie Babies have been listed for hundreds of thousands of dollars in online auctions.
Learning how to value Beanie Babies is a skill that takes time and research. The best Beanie Babies can net you a hefty sum, but only if they are in the proper condition.
This guide has some basic info to get you started buying Beanie Babies. That way you can craft a valuable Beanie Baby collection that you will enjoy for many years.
Motivations for Collecting Beanie Babies
Some people may want to reminisce on their childhood by getting a few of their favorite toys. Some may want to start a Beanie Baby collection as an investment. Others may want to get some great toys for their children.
Choose your intentions and motivations for starting your collection right away. If you are collecting for profit, you will look for different characteristics in your Beanie Babies than if you are collecting for pleasure.
Collecting for Profit
If you are looking to start a profitable Beanie Baby collection that increases in value with age there are some factors you should take into consideration. First of all, you will need to find a reputable place to buy Ty Beanie Babies.
Once you do, look for the following things when determining if a Beanie Baby is worth adding to your collection.
Condition
If there are any damages, stains, or wear on a Beanie Baby, it will not be very valuable. Make sure to consider this if you are adding it to your collection. Also, check to make sure that the Ty tag is present and in good condition.
Price
Some prices of Beanie Babies are astronomically high. This does not mean that this price is an accurate depiction of the Beanie Baby’s value. Listing prices are often inflated by sellers looking to drive up the value of their collectible.
Make sure to look at the price Beanie Babies have sold for in past transactions, not their listing price when determining their value. Also make sure to average all of these transactions out, not take the highest or lowest.
Year Created
The year a specific Beanie Baby was created will influence its price. There are certain series of Beanie Babies that are more valuable than others, even for the same animal. Do some research or find a professional appraiser to find these.
Type of Animal
Some of the animals in the Beanie Baby world are very valuable and rare, such as Gobbles the Turkey. Others are not and have a very low value. Look up some transaction histories on resale websites to find out which is which.
Start Collecting Today
Collecting Beanie Babies is a fun hobby that can earn you a bunch of cash. They are collectibles that have held their value remarkably well over the past few decades. They are collectibles that have held their value remarkably well over the past few decades. Selling collectibles like this can be very profitable, which is why you should start collecting today!
Use the tips in this guide to start your Beanie Baby collection today. Make sure to always use a certified retail platform and check back with our site for other great information like this article.
