Did You Buy Your Iraqi Dinar On eBay?
Your notes may have been illegally soldIn order to legally sell the Iraqi Dina, or any other currencies for that matter, sellers are required to Register with the US Treasury / FINCEN as a MSB or money services business.
There seems to be some confusion online as to what exactly this means. Being Registered with the US Treasury does not mean a dealer gets their notes from the Treasury. It does not mean they have been vetted by the Treasury. It means nothing in terms of the validity or authenticity of the notes. Being a Registerd Money Services Business or (MSB) simply means a seller has filled out a form with the IRS which states they will follow anti-money laundering laws and report transactions at appropriate levels.
Iraqi Dinar Notes Are Not Registered With The TreasuryThere seems to be some confusion online as to whether individual notes are registered. Notes are not Registered with the Treasury. The Treasury does not have a list of all the Dinar serial numbers and who owns them. The Treasury does not know that Bob Smith from Omaha, Nebraska has a Million Iraqi Dinar serial numbers 100282 through 100290.
All the term Treasury Registered means is that the dealer themselves are registered, notes are not registered.
So what's the point of this article? Well a ton of eBay sellers are falsely claiming they are Registered with the US Treasury and that their notes are Registered with the US Treasury.
The only seller who is truly registered with the US Treasury is eBay seller "emory" or "bryanemory". He provides his Treasury Registration number in his eBay listings as shown below...
|Treasury Registered eBay Dinar Seller|
As we mentioned in a previous post Paypal does not allow currency exchanges or (MSB) or money services businesses to use their services so it's surprising to actually find a dealer who is Treasury Registered on eBay accepting Paypal.
That said there are tons of eBay sellers claiming they and their notes are Registered with the US Treasury. Below are some sellers who claim they themselves,and their notes, are Registered with the US Treasury.
Any claims that the notes are Registered with the US Treasury is false as there is no such thing as notes being registered with the US Treasury. The following eBay sellers are also claiming to be themselves Registered with the US Treasury or their notes being registered, however after searching a list of Registered MSB's we cannot find any Registration for these sellers.
eBay Sellers Claiming To Be US Treasury Registered