![]() If she were a hedge fund trader with those numbers, she’d be the talk of Wall Street for generations. She paid $2,000, including shipping, for a box of the toys that, back in the United States, had a value of $300,000, a return of nearly 15,000 percent. Peggy Gallagher, an early trader, discovered that the Beanie craze hadn’t hit Germany yet and placed an order with a distributor in Nuremberg. There were articles and TV segments about moms and dads who traded a $5 toy for thousands of dollars. ![]() ![]() Their trading spread and, eventually, went national. They established some informal rules: Two Tabasco the Bull Beanies were equivalent to one of the rarer Kiwi the Toucan Beanies. Then, a handful of neighbors in the Chicago suburbs discovered that each had a small collection and started trading with one another. Beanie Babies, the small stuffed animals that retailed for $5, were introduced in 1993 and soon languished with mediocre sales. ![]()
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