What exactly is an Beanie?

An Beanie is an incredibly small, 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 don't feel any emotional attachment to they own in Beanie collection. Instead, they spend endless hours studying the market and learning about its complexities. They also know that their pursuit may be a little silly and that others might think them crazy.
Beanie Babies were handed out during a baseball game

Since 1997, since 1997, 22 Major League Baseball teams have given away Beanie Babies during baseball games which has brought thousands of fans to the stadiums. Ty has worked with MLB to create special tagging specifically for Beanie Babies to commemorate players and other special occasions. These include Mac the Cardinal, Rocket the Blue Jay as well as Sammy Bear. Bear. Each has its own giveaway day.
They are extremely valuable

Vintage Beanie Babies are valuable, depending on the condition and the rarity.  beanies  will pay as much as $50,000 for an original 1992 Ty Beanie. Other collectors will be willing to pay more than $25,000 a vintage 1996 Lefty the Donkey.
They are constructed of wool, felt, cloth, leather, or silk

Felt is one of the strongest fabrics. It is composed of tiny fibers that are interlocked in every direction. It is therefore lighter than woven fabrics that is made up of twisting fibers in straight lines. Additionally, it's the longest-lasting fabric as it requires the minimum amount of fibers in order to be tough. Felt is also stain-proof and waterproof and is hypoallergenic.
They sport a clown face.

This  beanie   features a large clown face that has a propeller. It is made from acrylic yarn and is one size that fits all. This beanie has embroidery on the front and plush hair.
They are made from an brimless cap

Beanies are small , hats made of felt, wool fur, hair, or fur. The materials are compressed and shaped through a process of rolling, pressing, and heat. Fez is a brimless , flat cap that is made of red felt. It is usually used as a hat during winter when temperatures is below the freezing point.