What exactly is an Beanie?

beanie hat  is an incredibly small, stuffed animal made of felt, wool, leather or even cloth. It is typically donated at sporting events. Many collectors claim that they don't feel any sentimental attachment to their Beanie collection. Instead,  beanies  invest countless hours researching the market and learning about its intricacies. In addition, they know that their hobby isn't exactly jolly, and that other people may think them crazy.
Beanie Babies were handed out during a baseball game

Since 1997, 22 Major League Baseball teams have distributed Beanie Babies during baseball games, drawing thousands of additional spectators to their stadiums. Ty has collaborated with MLB to develop a special tag for Beanie Babies to commemorate players as well as special events. This includes Mac the Cardinal, Rocket the Blue Jay and Sammy Bear. Bear. Each has its own giveaway day.
They are extremely valuable

Vintage Beanie Babies can be valued, depending on the condition and the rarity. Some collectors are willing to offer as high as $50,000 for an original 1992 Ty Beanie. Others will spend more than $25,000 for an original 1997 Lefty the Donkey.
They are constructed of cloth, felt, wool leather, silk, or

Felt is one of the most durable fabrics. It is composed of tiny fibers that are interlocked in every direction. This makes it lighter than woven fabric that is made up of interlocked fibers that are twisted in straight lines. It is also the strongest fabric since it needs the minimum amount of fibers in order to be tough. It is also stain-resistant and waterproof and is hypoallergenic.
They sport a clown face.

The beanie has a huge clown face with a propeller. It is made of acrylic yarn and comes in one size fits most. This  beanie  has embroidery on the front and hair that is plush.
They are made of a bristless cap

Beanies are small , hats that are made from wool, felt fur, hair, or wool. The materials are compressed and then shaped by a process of pressing, rolling, and heating. Fez is a brimless flat top cap made from red felt. It is typically used as a hat during winter when temperatures is below freezing.