Precisely what is an Beanie?

The Beanie is a small, stuffed animal that is usually made from felt, wool, leather, or cloth, which is usually offered at sporting events. Many collectors swear that they don't feel any feelings of attachment with their Beanie collection. Instead, they devote countless hours studying the market and learning its complexities. Additionally, they realize that their pursuit is a bit silly, and that other people may find them to be crazy.
Beanie Babies were handed out during a baseball game

Since 1997 since 1997, 22 Major League Baseball teams have distributed Beanie Babies during baseball games and attracted thousands of fans to the stadiums. Ty has collaborated with MLB to develop special tagging specifically for Beanie Babies to commemorate players as well as special events.  https://canvas.instructure.com/eportfolios/2062841/Home/What_is_an_Beanie_2  includes Mac the Cardinal, Rocket the Blue Jay, and Sammy the Bear. Each one has its own unique giveaway day.

They are valuable

Vintage Beanie Babies can be worth the price, based on their condition and the rarity. Some collectors can be willing to pay up to $50,000 for an original 1992 Ty Beanie. Others will spend more than $25,000 for a vintage 1996 Lefty the Donkey.
They are made of cloth, felt, wool, leather, or silk

Felt is one of the strongest fabrics. It is composed of tiny fibers interlocked in every direction. It is therefore lighter than woven fabrics that is made of twisted fibers in a straight line. Additionally, it's the strongest fabric because it requires the least amount of fibers to be tough. It is also waterproof and stain-resistant and hypoallergenic.
They've got a clown's face.

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

Beanies are small hats made of felt, wool fur, hair, or wool. These materials are compressed and shaped through a process of rolling, pressing, and heat.  beanies  is a brimless flat cap that is made of red felt. It is usually worn as a hat in winter when temperatures is below the freezing mark.