What exactly is an Beanie?

The Beanie can be described as a tiny stuffed animal, usually made of felt, wool, leather or even cloth. It is typically given away at sporting events. A lot of collectors say that they have no feelings of connection with they own in Beanie collection. Instead, they spend endless hours studying the market and learning about its complexities. They also know that their pursuit is a bit silly, and that some people might consider them insane.
Beanie Babies were handed out at the end of a baseball game.

Since 1997 in 1997, over 22 Major League Baseball teams have given away Beanie Babies during baseball games, drawing thousands of additional supporters to stadiums. Ty has collaborated with MLB to develop special tagging specifically for Beanie Babies to commemorate players as well as special events. This includes Mac the Cardinal, Rocket the Blue Jay and Sammy the Bear. Each one has its own unique giveaway day.
They are extremely valuable

Vintage Beanie Babies can be valuable, depending on the condition and the rarity. Some collectors can pay as much as $50,000 for a 1992 Ty Beanie. Other collectors will be willing to pay more than $25,000 an original 1995 Lefty the Donkey.
They are made from cloth, felt, wool leather, silk or

Felt is among the strongest fabrics. It is made up of tiny fibers which are interlocked in each direction. It is therefore lighter than woven fabric that is composed of twisting fibers in a straight line. It is also the strongest fabric because it requires the minimum amount of fibers in order to be durable. Felt is also stain-resistant and waterproof, and it is hypoallergenic.
They sport a clown face.

This beanie is adorned with a big clown face with a propeller. It is constructed of acrylic yarn, and it is one size fits most. This  beanie    has embroidered front art and hair that is plush.
They are made of a brimless cap

The smallest hat is made of wool, felt fur, hair, or wool. These materials are compressed and then shaped by a process of pressing, rolling, and heating. Fez is a brimless flat cap made of red felt. It is typically worn as a hat in winter, when the temperature is below the freezing mark.