Originally Posted by
SuperNeckBeard
There will always be a greedy rando that will swipe all the good stuff, but you can try to do this. It's a good idea for a trustworthy group of friends (but even then there's always that guy who spoils the fun). Just be prepared to log into these accounts and see the toons completely empty or deleted from someone being a douche.
I would suggest just keeping sets and uniques that are easily stockpiled. Tals/IK/Mav/Trang/Ect are easy to find and pretty decent gear for new players to use for a while. You can stock those in a public account without too much trouble I would imagine.