How to Determine the Value of Your Beanie Babies

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Watch more How to Make Money with Collectibles videos: http://www.howcast.com/videos/432547-... • Take advantage of available resources to determine the value of your once wildly hot collectible Beanie Babies before deciding to part with the collection. • 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. • Tip • 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. • Tip • 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.

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