Beanie Babies without tags are worth a lot less than Beanie Babies with tags. For collectors, while the condition of the Beanie Baby is paramount, the tag, itself, is an important factor in whether someone selling their collection will get full value. Often Beanie Babies without tags will fetch less than 30% of their tagged counterparts.
Beanie Babies without tags are worth a lot less than Beanie Babies with tags. For collectors, the condition of the Beanie Baby, itself, is paramount. But part of that condition is the tag. Keeping the tags in good condition is the only way a Beanie will sell for its full value.
Tags communicate a lot of information to Beanie Baby buyers. An old, 1st generation hang tag, is rare. Beanie Babies with these tags are old. They are uncommon by virtue of their age. They existed long before Beanie Babies became popular. For the collector, this means one thing: scarcity. 1st generation Beanies of all sorts are expensive. 2nd generation Beanies are expensive as well. But age isn’t the only thing that these tags can communicate. The tags are often used in authentication. While many counterfeiters will sometimes replicate Beanie Babies, counterfeiters get things wrong. Both the hang tag and the tush tag are often used to identify whether a Beanie Baby is legitimate.
It’s the 3rd generation where things start to overlap with the craze in the 90s. Collectors who purchased Beanie Babies early in the craze may have purchased 3rd generation animals. Some of these can be worth quite a bit. But most 3rd generation Beanie Babies with are nowhere near the price of Ty’s earliest animals.
It’s worth noting that the many of the earliest Beanie Babies were different than the later Beanies. Patty the Platypus, for example, was originally a magenta color. By the time of the craze, Ty had changed the color of the Platypus to a deep fuchsia. The difference is subtle. But the prices of the two Beanie Babies is very different. Likewise, Spot was originally released without a spot. The Spot with spot is worth quite a bit less than the original, ironically named dog.