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Beanie Babies are small plush animals filled with plastic pellets, produced by Ty Inc. from 1993 to 2008. They gained immense popularity in the late 90s as collectibles due to their limited edition releases and unique designs. Each Beanie Baby comes with a tag that includes its name, birth date, and poem, adding to their charm. The value of a Beanie Baby can significantly increase if it's an early release, has an error or misspelling on the tag, or is autographed by Ty Inc.'s founder, Ty Warner. Similar to stamps, the rarity and condition of a Beanie Baby determine its worth in the collectibles market.