LOADING ...

We Got Our Beanie Babies Valued

2M+ views   |   29K+ likes   |   3K+ dislikes   |  
10:46   |   Oct 03, 2018

Thumbs

We Got Our Beanie Babies Valued
We Got Our Beanie Babies Valued thumb We Got Our Beanie Babies Valued thumb We Got Our Beanie Babies Valued thumb

Transcription

  • (whimsical music)
  • - The Millennium Bear is pure marketing.
  • The only thing is, you got a crease
  • in this particular tag, which decreases value.
  • - I know with mistakes, that people tended
  • to want them more.
  • - That's a myth.
  • - It is?
  • - That's a myth.
  • - Let's start with the Princess Diana Beanie Baby.
  • Let's talk a little bit
  • about how Beanie Babies actually work.
  • Out of the protective cube, which is a good idea.
  • First of all, the Princess Diana Beanie Baby
  • has been very, very popular, why?
  • Well, of course, she raised a lot of money
  • for the Princess Diana Memorial Foundation Fund.
  • She's introduced 1997, 1998,
  • and there are a couple things you want to look for.
  • Now, protective tag covers,
  • there's the ear tag and there's the tush tag
  • on every single Beanie Baby.
  • If you don't have one of the tags,
  • it's not worth as much.
  • I always like people to actually take a look at condition,
  • 'cause people are just saying, "What about the tags?"
  • The people who don't know what they're talking about
  • with respect to expertise about Beanie Babies
  • are only focusing on tags.
  • There's a lot to focus on, not only tags.
  • I want you to look at condition.
  • If you were to sit your Beanie Baby in your hand,
  • I want you to look here at this area
  • to see how the PE or PVC pellets
  • have deteriorated over time, okay?
  • Condition is to collectibles
  • what location is to real estate.
  • It has to be in good shape.
  • First of all, you have the protective cover.
  • The plastic covers are a great thing to have.
  • Then this one just opens right up.
  • Can you open that up for me? - Yes.
  • - The gloves are to protect the objects
  • from the oils on my hands
  • so they don't get transferred.
  • Any expert who's not wearing gloves
  • to handle your object is not an expert.
  • The pieces like this one, that have PE pellets,
  • are worth less than those that have PVC pellets.
  • This particular piece is worth about $100 as it is,
  • with PE pellets, in this condition,
  • which is good condition, it's not excellent,
  • it's not mint, it's not very good, in good condition,
  • and they sell for that.
  • That's based on the sales record retail
  • where someone actually paid that much
  • for a similar piece in good condition.
  • The Millennium.
  • Now, this is pure marketing.
  • The Millennium Bear is pure marketing.
  • At the time of the millennium, we're saying,
  • "Oh, it's gonna be the year 2000.
  • "This is very important.
  • "We've got a new millennium," so they start
  • to create these particular bears.
  • This particular bear, it also has a condition issue.
  • We have to look at the tag.
  • It has this hologram on the back of the tag,
  • and the hologram tush tags are relatively collectible.
  • Value on this piece is about $25.
  • Maureen, this is Valentino.
  • He was very popular every Valentine's Day.
  • For the boyfriend who didn't know what to get you, right?
  • He couldn't afford jewelry,
  • he's getting you Valentino, right?
  • Basically, what you're seeing here
  • is the Valentino Beanie Baby.
  • He's made with PVC pellets,
  • so that's one of your check marks
  • for, is it valuable?
  • He's in good condition around the torso.
  • Looks like the PVC pellets have not deteriorated
  • after being seated for all this time.
  • You're seeing also that there is a little bit of dirt.
  • You can see a little bit of real oil from the hands,
  • a little bit of dirt in the back,
  • mainly, around the ear.
  • Then you have the original heart,
  • and you have the original bow, and the like,
  • but typically, the nose color's gonna be important,
  • the brown nose versus the black nose.
  • Valentino is relatively important.
  • He's also made in 1993 and introduced in 1993,
  • which is quite old for, of course, the Beanie Babies,
  • the introductory years of the Beanie Babies.
  • Value on this, about $100.
  • - [MoMo] Wow.
  • - Doesn't have the same historical background
  • as, of course, the Princess Diana,
  • but the Princess Diana is much younger too,
  • that Beanie Baby from 1997, this one from 1993.
  • That's a nice one too, and highly collectible.
  • Lots of people have it with the brown nose.
  • You have a pretty good collection.
  • There are some that are here
  • that are pretty interesting, like this one.
  • This one is Patti the Platypus.
  • Patti the Platypus is one
  • of the nine original Beanie Babies,
  • and they come up all the time.
  • They date to 1993.
  • The only thing is, you got a crease
  • in this particular tag, which decreases value a little bit.
  • She's worth about $60 in this condition.
  • That's what you have here.
  • Then there are some that aren't worth much at all.
  • You're gonna find, actually,
  • Beanie Babies that are worth a buck, and a buck.
  • - They cost more than that when they were made, right?
  • - And a buck.
  • Yeah, today, the market has dropped on these.
  • Certain other ones that aren't worth all that much,
  • if we're gonna go through.
  • Of course, it's good that you put them in a bag.
  • Some of them are not worth the cost of the bag.
  • This one, 'cause this one is just sort of
  • the free-for-all party Beanie Baby,
  • would've been used all the time,
  • not particularly, again, popular,
  • and notice, your Valentino had a brown nose,
  • and this one is the same doll, basically,
  • with a black nose, worth less, about a buck.
  • These are the tiny Beanies, or the Baby Beanies.
  • Little kids love small, so these tiny ones,
  • while popular, are worth about 10 to 50 cents apiece.
  • - [Remi] 50 cents.
  • - Some even drop in value
  • 'cause they were probably utilized,
  • and then taken out of their original packages.
  • Original packaging's very important.
  • These would've had an original package where others don't.
  • Any time you have a collection,
  • you can increase value just by buying more.
  • People go, "Oh, I didn't know that."
  • Any time you add to your collection,
  • you actually increase the value a little bit
  • of the entire collection.
  • - It's good that I was a little crazy?
  • - A little bit, yeah, a little bit crazy is okay.
  • Okay, go ahead.
  • - There was the Bongo.
  • - Tell me about Bongo.
  • You bought Bongo the Monkey.
  • - Yes
  • - What happened?
  • - I know, with mistakes, that people tended
  • to want them more.
  • - That's a myth.
  • - It is?
  • - That's a myth.
  • All this information about mistakes
  • is one of the big myths on the internet.
  • People sometimes do it for sport,
  • they give you misinformation,
  • or they discredit experts.
  • All that information about, "Oh, it has this mistake.
  • "Oh, it has that mistake," not always relates to value.
  • This becomes a condition issue.
  • You wrote on this.
  • - [Kara] Right, right, right, right, so right.
  • - To Kara, from Mom, so she wrote on it,
  • and it's lovely, it's a nice sentiment,
  • but sentiment just decreased value, okay?
  • Don't write on the tag, but all this thing
  • about mistakes on tags, yes, mistakes can have
  • an impact on value, but usually,
  • it's a myth that it's going to spike value.
  • That's Bongo the Monkey.
  • Let's talk about some of the other ones
  • that are not worth all that much.
  • For example, your unicorns are not worth all that much.
  • They don't collect very well.
  • Any ones that relates to a particular situation
  • or time period, in this particular case,
  • the season of graduation seasons,
  • oftentimes, the Beanie Baby pumpkins
  • are not all that collectible.
  • These are oftentimes worth somewhere around a buck apiece,
  • so about a dollar apiece.
  • You want to try to think about those.
  • A Santa Claus that is a Beanie Baby,
  • not usually very collectible, so again,
  • these are about a dollar each.
  • They're fine, they're good to collect,
  • they're good stocking stuffers,
  • but beyond that, they're not the same kind
  • of collectible element as others might be.
  • Then there are what I call the middle range Beanie Babies
  • like Inky, and Hippity, and Hoppity,
  • that were always, of course,
  • the bunny rabbits that were very popular,
  • Inky the Squid, who's popular.
  • This is just for basic popularity's sake.
  • These become relatively important.
  • I'm scanning as we look to see which other ones.
  • Oh, Claude the Crab here is oftentimes quite popular.
  • Sorry to reach over you there, Kara.
  • - It's okay.
  • - That's what you're looking at.
  • These are anywhere between 15 and $35 apiece.
  • These are relatively valuable,
  • but the most valuable group
  • are some that you have right here.
  • You have almost the whole group
  • of the original nine Beanie Babies.
  • They include Chocolate the Moose,
  • Legs the Frog, Squealer the Pig,
  • this is Patti the Platypus, and Pinchers the Lobster.
  • Of the original nine, you have five.
  • The other ones are Splash, Flash,
  • one's a dolphin, one's a whale,
  • and Spot the Dog, who I looked,
  • and you don't seem to have Spot, unfortunately.
  • Basically, what you're looking at are these,
  • and these are a really good collection
  • of the original nine.
  • To have five of the original nine is pretty good.
  • I've had, of course, some clients
  • who have all nine.
  • These range in value between about 125 and $150 apiece.
  • They're worth more because you keep them in a collection.
  • If you had all nine, or if you're at your mom's house,
  • you're like, "Wow, we found another tub of Beanie Babies,"
  • which might happen at your mom's house, right?
  • - It's possible.
  • - It's possible, then basically,
  • you might be able to actually increase the value,
  • but any time you add to that collection,
  • you increase value a little bit more.
  • These are about 150 apiece.
  • They're all in very good shape.
  • Chocolate is among one of the most popular,
  • and sometimes, he sells as high as 250.
  • Your condition on Chocolate is not worth that.
  • - [Kara] Okay.
  • - Okay?
  • These are the real values.
  • This is what they're really worth.
  • Let's talk about handbooks.
  • - Okay, handbooks.
  • - Let's talk about handbooks.
  • - I also have McDonald's ones.
  • - The McDonald's ones are usually less valuable
  • unless they're within a collection
  • of other McDonaldland toys.
  • - I have full--
  • - Okay.
  • - I have full collections.
  • - Full collections.
  • Full collection will increase value about 20%
  • because you've already assembled a collection
  • for the next guy.
  • That has a value to it 'cause that person
  • doesn't have to run around and do the work
  • that you and your mother did,
  • going to Canada, getting them here,
  • going to gift shop, right.
  • These books, these handbooks, not only this handbook,
  • but any handbook that talks about a value
  • is going to be obsolete about the time,
  • right a minute after it's printed.
  • A minute after it's printed, it's obsolete,
  • and the reason, not that it's a bad thing,
  • people like it, people collect them,
  • it shows you the different pieces,
  • and it's nice and fun to do, but again,
  • any of these price guides
  • are only good for the person
  • who's basically writing the price guide
  • because the price can change within a minute
  • of somebody paying more or less
  • than the value in the price guide.
  • I don't care what antique or collectible it is.
  • Price guides, not really what you're looking for.
  • This is really a thing of the past.
  • If you've retained the tag, that's better than just gone.
  • I threw it out, I don't know where it is, kind of thing.
  • Value on this piece is about $25.

Download subtitle

Description

Beanie Babies were huge in the 90's. Collectors of all ages raced to snatch up as many as possible. Some expected them to be worth thousands by now, so are they? We brought in Beanie Baby and antique expert Dr. Lori Verderame to explain.

------------------------------------------------------

Business Insider tells you all you need to know about business, finance, tech, retail, and more.
Subscribe to our channel and visit us at: https://read.bi/7XqUHI
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF

--------------------------------------------------