Someone mentioned this on the Blowout forums. Doesn't make any sense.
My best bet is that a small group of people get together and try to see if they can artificially manipulate the market. They make repeated "purchases" of a commonly available card to try and get people (like us) to notice and start talking about it.
The money and cards never actually change hands initially. Basically, they pay the ebay sellers fee for each transaction (a couple bucks) which amounts to advertising costs to get eyeballs on the listings.
Then they start listing them for "cheap" at around $5.00 to see if they get any bites from real people that aren't in on the scam. It would only take a handful of $5.00 or $10.00 sales to make back your sellers fees from the fake sales.
My guess is that this kind of thing isn't rare, and probably happens with some of the high dollar cards we see reaching crazy new price levels too.
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