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BarnacleBill's avatar

Did you make money off of Beanie Babies in the 1990's?

Asked by BarnacleBill (16123points) August 22nd, 2010

@Steve A’s question about researching companies for investment and my subsequent recommendation of A Random Walk Down Wall Street got me thinking about inflated values of Dutch tulip bulbs and the Beanie Baby fad of the 1990’s.

Somebody bought and sold a lot of Beanie Babies in the 1990’s. There were stories of people paying $500 for rare Beanie Babies to complete collections. My daughter had classmates whose mothers went off the deep end to find rare Beanie Babies.
Did you collect or sell Beanie Babies? If so, do you still have yours? Did you make money off of Beanie Babies?

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12 Answers

Plone3000's avatar

No, but im sure you can. I had tons that I lost in a fire years ago, I used to collect um when I was little. Personaly I would wait a little more, when or if the economy goes up, then sell them. Also look up the prices of EACH one, because there value can change drastically.

muppetish's avatar

No, because I played with them.

My father attended conventions to buy and trade rarer Beanie Babies (he also had subscriptions to trading magazines), but I cannot give you a quote on how much he made because I haven’t the foggiest of ideas. If someone were interested in selling off their collection, I would recommend doing what @Plone3000 said and researching each, individual toy (and pay particular attention to the make and year as some plushes were released and retired multiple times.)

The comment about inflated Dutch tulip bulbs made me giggle. We discussed this is one of my Art History courses and everyone was shocked people would pay so much money for plants.

Plone3000's avatar

Oh, also If you got any mcdonalds ones leave them in the package because they will be worth more, but who really leaves them in the package?

SundayKittens's avatar

Even my parents, who do not get into crazes like that, bought a lot of them and tucked them away in case they might become worth something. They ended up in a garage sale. So…kind of?

jonsblond's avatar

I never sold them, but I did buy them when my sons were little. I never paid extra for any of the rare ones though.

They are now scattered all over my daughter’s bedroom floor. She loves them.

RareDenver's avatar

No but I remember an ex of mine worked in a shop that would sometimes get Beanie Babies and people went mental for them, she would have people arguing over the till literally throwing money at her to buy them. Crazy bastards.

OreetCocker's avatar

Trillions! I bought them for my kids after they achieved something special, and when they chose to sell them, they made an absolute fortune which they then spent on cars and girls/boys etc :-)

Seaofclouds's avatar

I had some back then (a few of them were rare). I gave them all to my Aunt (who was way off the deep end). She has (yes that is has as in she still has it) a room devoted just to her beanie babies.

BarnacleBill's avatar

My father left me a collection of Bradford Exchange “collectable” plates that he felt confident would be worth thousands of dollars one day, because they were limited edition. I could neither sell them on the Bradford Exchange (seller pays shipping) nor sell them on e-Bay, nor sell them at the church yard sale. The 200 plates my father left me ended up being donated to the Goodwill, where hopefully someone purchase them. Most of the plates cost $30 each, so $6000 was pretty much tossed away, not to mention the cost of shipping them up from Florida.

Most of the Beanie Babies are selling on eBay for $1 – $6, which is the retail cost of a new Beanie Baby. On Amazon, the prices range from $.19 to $400. The higher end sounds more like wishful thinking on the part of the seller. Personally, our beanie babies went to Afghanistan with a neighbor’s son when he was deployed. He handed them out to children, who were very excited to get a toy.

I read an interesting article somewhere on how people view money. If you were to sell a $200 item for $100, people are willing to drive across town to buy that item for $100. However, if you sell a big ticket item, say a HDTV, for $1100 instead of $1200, only people who live around the store would take advantage of the HDTV sale price. 50% off a $200 item is perceived as a better deal than $100 off $1200 (8% savings) but in reality, they are the same—$100 is $100. The actual amount of the cash is the only thing that matters. You cannot save or spend percentages.

Mom2BDec2010's avatar

I used to collect beenie babies and I still have alot of them. Pssh; I wish someone would come buy mine off me for 500.

BeanieSeller4Life's avatar

I have a ton of Beanie Babies in mint condition.. I collected them at the time, from the Princess Diana to the Mcdonalds mini ones. I would like to sell them but my problem now is I cannot find a good place to sell them for a good price? Any ideas?

augustlan's avatar

@BeanieSeller4Life I think the market is pretty tapped out these days. Have you tried ebay, though?

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