Instead of having to layout $1,000 to buy a million Dinar a buyer can lay out a small amount of money, as little as say $10, to reserve the right to buy that million Dinar at a later date.
Recently Dinar Corp, was shutdown by the SEC for selling un-licensed and un-regulated securities. Essentially what they were offering was a security no different than securities or options in the stock market. These need to be licensed, registered, and certain disclosures need to be made. Because of this it seems it's not legal to sell reserves, options, or layways on the Iraqi Dinar.
Shortly after Dinar Corp was shutdown it seemed all Dinar Dealers who were offering layaways or options took them off their sites and immediately stopped selling them. The only exception to that is Treasury Vault who is still selling layaways on the Iraqi DInar.
eBay has done a pretty good job of policing this and removing options listings from their site. Not only is it apparently illegal to sell unlicensed and unregistered securities but it also violates three of eBay's own policies. eBay has a policy against lottery or chance listings, this most certainly is a lottery or chance listing. eBay does not allow sales of stock or securities, according to the recent moves by the SEC this seems to be deemed a security. Lastly, eBay has a policy against "get rich quick" schemes and by most peoples judgements this would also be considered a get rich quick scheme.
If you look at the images below the first shows the listing for these Iraqi Dinar Reserves. The second image shows the terms of the sale in the description of this eBay lising. Not only is this eBay seller selling options, but he even goes as far as stating in the description that "The IQD will re-value this year." You can view the listing by clicking HERE.
|Dinar Options Are Back Being Sold On eBay|
|eBay Seller Claiming Iraqi Dina Will Revalue This Year|