Take advantage of available resources to determine the value of your once wildly hot collectible Beanie Babies before deciding to part with the collection.
You will need
- Internet research
- Price guides
- Current auction price
Step 1 Authenticate Authenticate your Beanie Babies through an expert, especially if you suspect you own a rare model, or one of the counterfeits produced.
Step 2 Visit the Ty Website Visit ty.com to determine when your Beanie Babies were retired, or to verify whether they are limited editions.
Step 3 Evaluate the condition Evaluate the condition of your Beanie Babies, also noting the presence and condition of the Ty tag.
A missing tag may drop the value as much as 50 percent.
Step 4 Consult a guide Consult a Beanie Babies price guide book, magazine, or online catalog to determine a rough idea of the toy’s value.
Step 5 Conduct an advanced search Conduct an advanced search for recently completed auctions of similar models to gain an understanding of today’s value for specific Beanie Babies.
Sell Beanie Babies as singles rather than as a collection for the best return on your investment.
Step 6 Estimate value Estimate your Beanie Babies’ value conservatively as sales may fluctuate from the high to low side. Now, if you can part with that lovingly collected herd of wide-eyed Beanies, you’ll know you’re getting a fair market price.
Did You Know:
The brains behind the Beanie Babies craze and fortune, Ty Warner, dropped out of college to pursue a career in acting before founding Ty, Inc.