Precisely what is an Beanie?

The Beanie is a small, stuffed animal, usually made of felt, wool, leather or even cloth. It is often offered at sporting events. Many collectors claim that they do not feel any sentimental connection towards their Beanie collection. Instead, they devote endless hours looking into the market and learning about its complexities. Additionally, they realize that their pursuit may be a little silly and that others might consider them insane.
Beanie Babies were given out during a baseball game

Since 1997, since 1997, 22 Major League Baseball teams have offered Beanie Babies during baseball games which has brought thousands of spectators to their stadiums.  https://canvas.instructure.com/eportfolios/2027188/Home/What_is_an_Beanie_2  has collaborated with MLB to create special tagging to Beanie Babies to commemorate players as well as special events. These include Mac the Cardinal, Rocket the Blue Jay as well as Sammy the Bear. Each of them has their own prize day.
They are valuable

Vintage Beanie Babies can be valued, depending on the condition and rarity. Some collectors are willing to offer as high as $50,000 for a 1992 Ty Beanie. Others will be willing to pay more than $25,000 an original 1995 Lefty the Donkey.

They are constructed of wool, felt, cloth leather, silk, or

Felt is one of the most durable fabrics. It is made up of tiny fibers which are interlocked in each direction. It is therefore lighter than woven fabrics that is made of twisting fibers in a straight line. It is also the strongest fabric since it needs the least amount of fibers to be strong. It is also waterproof and stain-resistant, and it is hypoallergenic.
They've got a clown's face.

The  beanie  has a huge clown face with a propeller. It is constructed of acrylic yarn and is one size fits most. The clown beanie is also embroidery on the front and hair that is plush.
They are made from a unbrimless cap

Beanies are small , hats constructed of felt, wool fur, hair, or fur. These materials are compressed and shaped through a process of rolling, pressing, and heating. Fez is a brimless flat top cap made from red felt. It is usually worn as a hat in winter, when the temperature is below the freezing mark.