Fraud Alert Released for Couple Trying to Sell $15 Beanie Baby for Thousands

Apr 20, 2015 at 5:35 pm |

Admit it: you still have Beanie Babies stocked neatly away somewhere in your house, waiting for the day that these investments finally become worth the outrageous amounts we were all promised back in the ’90s.

Well before you start reappraising your collection, listen to this.

Former ’90s kids and Beanie Baby lovers of the world were ecstatic today upon hearing the news that a couple in England happened upon a rare, first-edition Beanie Baby worth tens of thousands of dollars.

As it was initially reported, the couple from Bude in South England, came across a commemorative purple Beanie Baby – made for a limited time after the death of Princess Diana in 1997 – at a “boot sale” (when people sell goods out of the “boot” or trunk of their car) and bought it for about $10. However, they claimed that they had researched such a Beanie Baby previously and knew that its worth was far greater.

Sources originally claimed that the stuffed animal and collector’s item could easily be worth over $90,000, which set everyone with a decent collection of Beanie Babies into a frenzy. The couple then posted their new addition onto Ebay and started the bidding at about $30,000.

But here’s the crazy part: what you read was probably false. Turns out that what the couple thought was the jackpot was actually fool’s gold. Ty, the company that manufactures the beloved stuffed animals, released a fraud warning in light of this weekend’s news. The message on their website read:

“In an irresponsible and non-professionally researched newspaper article on April 18, 2015, the UK Daily Mail and The Sun (UK) provided misleading information about Princess Beanie Baby values. Once again, was inundated with emails from people in the UK and Ireland hopeful that their Princess Beanie Baby was worth a lot of money and asking for the best way to sell theirs.

The writer of the original article (as is usual with these types of articles) used ‘listing’ prices on eBay, as opposed to the prices buyers have actually paid for Princess over the past 30 – 60 days, to support the premise that Princess is valuable. One cannot avoid speculation about the credibility of ANY article in the UK Daily Mail or The Sun, when those online magazines/newspapers permit such a misleading article as the one about the Princess Beanie Baby to be published.

We are truly sad so many peoples’ hopes were mistakenly raised by reading a fraudulent article that suggested they might own a rare and valuable Princess Beanie Baby.”

Dang! Ty really tore those people a new one, but they also brought up a great point. Your collectibles are worth as much as any one individual is willing to pay for them. So who knows, if you hold on to your stuff and keep everything in good condition, maybe one day your ‘investment’ will pay off… Maybe.

Before you start reappraising your Beanie Babies, you might want to read this.