Tuesday, February 5, 2013

The Beanie Baby Bubble

In 1997 shortly after the death of Princess Diana, Ty Beanie Babies released a commemorative purple Teddy Bear, named Princess.  Everyone went bananas! The Beanie Babies quickly sold out at local stores, and were being sold for hundreds of dollars on the secondary market.

File:Sizzle the Bear.JPGBeanie Babies were a huge collectibles in the nineties.  I remember my sister and I combing through a friend's collectible catalog to see how much our stash of Beanies were worth.  I remember buying tag protectors so my precious beanies wouldn't go down in value.  (Everyone knows Beanie Babies with a broken tag are worthless.)

Most of the time Beanie Babies were too expensive for us, because after they sold out at the stores (which was very quickly), they'd be re-sold at trade shows and flea markets for 5 times the retail price.  And yet people collected, and they continued to go up in "value"

Then the Beanie Bubble burst and millions of little PVC pellets scattered all over.

A few years ago I found a Princess Beanie Baby that had once been going for hundreds of dollars, at a Toys R' Us for only 5.   A few weeks later I found another Princess Beanie Baby at the local thrift store for $.75 (which I bought).  Today my kids have amassed a HUGE collection of  Beanie Babies, and most of them we've gotten for $.50 or less from thrift stores.

I'm not planning on retiring on our Beanie Baby collection, and I really feel bad for the people who thought they would.  The fact of the matter is everything on this earth is corruptible and of little value in light of eternity.  Even gold in heaven is used for the lowly job of street paving.

But those of us who have Christ have a treasure truly incorruptible and one that will never lose worth.

 Blessed be the God and Father of our Lord Jesus Christ, which according to his abundant mercy hath begotten us again unto a lively hope by the resurrection of Jesus Christ from the dead,  To an inheritance incorruptible, and undefiled, and that fadeth not away, reserved in heaven for you, Who are kept by the power of God through faith unto salvation ready to be revealed in the last time.
1 Peter 1:3-5

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