During the 1990s craze, Ty Beanie Babies were 10% of all the sales on eBay. If you were in on the toy craze, you know that the market went bust soon after the turn of the millennium. Those toys that you spent hours searching for were, for lack of a better word, worthless.
If you’re like most millennial adults, you more than likely still have a few in boxes or storage. You may not think about your old toys, but some of them still hold high resale value.
Do you want to learn more about Beanie Baby values? Check out this guide and sell your old toys for cash.
Plush Toy Market Bubble
The collectible market, especially the collectible toy market, is a perfect example of an economic bubble. A bubble occurs when an asset’s price (toys) rises far beyond historical precedence or intrinsic value.
During the 1990s, Ty Warner, creator of Beanie Babies, created an artificial demand around the toy. He sold the toy at a relatively low price but placed them only in small specialty shops. After a certain amount of time, Warner decided to retire specific Beanie Babies while introducing new ones.
This strategy created a bubble where a Beanie Baby was worth far more than the retail price to collectors, only because collectors perceived them to be worth more thanks to the “retirement” strategy. This artificial demand drove sales as the company introduced new Beanie Babies.
It also caused the resale market to spike as collectors perceived the toys to be more valuable.
All market bubbles pop, and the plush toy market was no different. The Beanie Baby craze ended in 1999, and people owned toys they paid well beyond retail value for that were worth far less than what they paid.
Though the market crashed, that doesn’t mean there isn’t a toy collector willing to pay over retail value for one of your Beanie Babies. You can look up how much they’re worth on the internet, and it’s surprising how much they are worth to some folks long after the bubble burst.
First-generation Beanie Babies are some of the most valuable on the collectible market. These toys have “tush tags” that were removed by the toy manufacturer during later releases to reduce choking hazards.
If you want to know whether your Beanie Baby has any resale value, the tush tag is the first place to look. If it has one intact, you may have a valuable toy.
Today’s Beanie Baby Values
The Beanie Babies craze of the 1990s taught many youngsters the lessons of a bubble economy. The bubble always bursts, and what you thought to be valuable was just a market manipulation.
That said, Beanie Baby Values depend on what a collector and seller both believe they’re worth. You might have a closet full of toys that can make you money!
Do you want more information on toy collecting? Make sure to check out our page.