2/20/2023 0 Comments Artful values etsyBy shopping at either of these sites by clicking a link from American Coin Stash, you also support this site! American Coin Stash is an affiliate advertiser of SD Bullion and Money Metals Exchange because I trust both of these companies. I would recommend buying from a trusted coin dealer on eBay or even a gold/silver distributor like SD Bullion or Money Metals Exchange. Even Amazon often has cheaper coins! Browse through Amazon’s collection here: Amazon Collectible Coins Honestly, there are very, very few places more expensive than Etsy. Do people laundering money really worry about Etsy fees cutting into their profits?Ĭheaper places to buy coins than on Etsy: Someone looking to launder money could do much smaller, less obvious values. I’m not sure if this theory holds up, however. Any item that has a highly speculative value can be used for these kinds of schemes. Art has always been used for money laundering. In some ways this makes a lot of sense, coin collecting is more art than science. (If you want to know more about money laundering watch Ozark on Netflix.) The money is now “clean” because it has been used for a valid transaction. The way this would work is sellers list coins for high prices, pay someone to buy the coin, and then the money is returned. I am but a humble coin collector, not very up-to-date on organized crime, but I have heard the idea floating around that these sellers are part of drug money laundering schemes. Always research the price of a coin before you buy. Just because a coin is old, or not often seen in circulation, does not give it inherent value. But, I suppose these Etsy sellers only need one gullible buyer to make an immense profit. The idea that someone would spend almost 50 thousand dollars on a coin without doing any research is crazy. Many coins are bought for ridiculous prices because buyers don’t know how to price coins correctly. Theory 1: The sellers hope buyers don’t know any better. There are two prevailing theories for why these listings exists. It does not store any personal data.A 1979 SBA Dollar I got in change from a vending machine. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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