Christmas set of 3 beanie kids

Beanie Kids were first called Beanie Babies 

Beanie kids are a line of stuffed toys created by American businessman H. TY Warner, who founded Ty Inc. in 1986. The toys are stuffed with plastic pellets ("beans") rather than conventional soft stuffing. They come in many different forms, mostly animals. Created in 1993, Beanie Babies emerged as a major fad  and collectible during the second half of the 1990s. They have been cited as being the worlds first Internet sensation in 1995. They were collected not only as toys, but also as a financial investment, owing to the high resale value of particular ones. 

Beanie Babies were first introduced in 1993 by Ty Warner at the World Toy Fair in New York City, New York. It was not until 1994 that the toys were put into factory production, first being sold in local stores located in Chicago, Illinois, for around $5 U.S. Dollars. There were nine original Beanie Babies, which includes: Legs the Frog, Squealer the pig, Spot the Dog, Flash the Dolphin, Splash the Whale, Chocolate the moose, Patti the platypus, Brownie the Bear (later renamed "Cubbies"), and pinchers the lobster (wit some tag errors labeled "Punchers"). Since 1994, Beanie Babies cannot be found in  larger chain stores, as they continue to only be found in small, specialty  stores, such as gift stores and small toy stores. At first, sales were relatively slow, in that by 1995 many retailers refused to buy the bundles the toys were offered in, while some retailers refused to buy the  entirely. Yet, around the same time , Ty Warner made the decision to restrict the amount of Beanie Beanie Babies  that are produced and distributed by the company. This was done in two ways, the first way by limiting the amount of Beanies Babies a store could buy per month, which was 36 of each character. The second way was by "retiring" the characters after a certain period of time, meaning that production of those specific characters would then cease, while eventually new characters would be introduced. As this created an idea of scarcity surrounding the toys, it in turn led to a significant increase in sales and started the trend of people collecting and reselling Beanie Babies. Their popularity soon grew into a national craze in the US. 

Beanie Babies are deliberately under-stuffed. This led to a criticism that the toys looked  "cheap", however, this set them apart from most stuffed animals on the market which could not be posed easily. Ty Warner has said that this understuffing  method made the toys look "real".

- Wikipedia 

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