Real life 'Grinchs' are reselling the hottest toys this holiday season

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Reselling is a common practice that many have found can lead to a few extra bucks in your pocket. You've all heard of ticket scalpers; those people who buy tickets only with the intention of reselling them at a higher price. But it turns out that these scalpers are buying more than just tickets now.

Scalpers are buying the hottest toys of the holiday season in bulk and reselling them for double, triple, even quadruple their face value. Fingerlings, priced at $14.99, are being resold at prices up to $39.99.  The L.O.L. Surprise Big Surprise, priced at $79.99, is being resold at double its value. The Super Nintendo NES Classic Edition is even being sold at 2.5x its original price.

Buyer Beware

If you decide to buy a 'sold out' product online, here's how you can avoid the rip offs and the counterfeits:

  • Make sure the seller is legitimate: This seller should have outstanding reviews. Nothing under 99%.

  • The product description: Check if the seller is using brand names or just vague terms.

  • If shopping on Amazon: Determine if the product is coming from Amazon itself or a third-party seller. The words "shipped from and sold by Amazon.com" ensures legitimacy.