What exactly is an Beanie?

An Beanie is an incredibly small stuffed animal made of felt, wool, leather or cloth.  beanie cap  is typically given away at sporting events. Many collectors swear that they do not feel any sentimental connection with the items in their Beanie collection. Instead, they invest many hours studying the market and learning about the nuances. They also know that their passion may be a little silly and that some people might consider them insane.
Beanie Babies were distributed during a baseball game

Since 1997 in 1997, over 22 Major League Baseball teams have distributed Beanie Babies during baseball games, drawing thousands of additional supporters to stadiums. Ty has worked with MLB to develop special tagging to Beanie Babies to commemorate players and special events. This includes Mac the Cardinal, Rocket the Blue Jay and Sammy the Bear. Each of them has their own prize day.
They are extremely valuable

Vintage Beanie Babies can be worth the price, based on their condition and the rarity. Some collectors can pay as much as $50,000 for a 1992 Ty Beanie. Some collectors will spend more than $25,000 for a vintage 1997 Lefty the Donkey.
They are made of wool, felt, cloth leather, silk or

Felt is one of the toughest fabrics. It is made of tiny fibers interlocked in every direction. This makes it lighter than woven fabric that is composed of interlocked fibers that are twisted in straight lines. Also, it is the strongest fabric because it requires the minimum amount of fibers in order to be strong. Felt is also waterproof , stain-resistant and hypoallergenic.
They sport a clown face.

The  beanie  has a huge clown face with a propeller. It is made from acrylic yarn, and it is one size that fits all. The clown  beanie  is also an embroidered front design as well as plush fur.
They are constructed of an brimless cap

The smallest hat, known as a beanie is that are made of felt, wool fur, hair, or wool. These materials are compacted and then shaped with a combination of rolling, pressing, and heating. Fez is a flat brimless top cap made from red felt. It is typically used as a hat during winter, when temperatures is below the freezing point.