I used to place placeholder bids like that often in the early days of ebay. And yes, I won my share of auctions at that .99 starting price. Most often because the seller's listing was confusing, misleading, or listed in an "off" category or because there were no pictures. I have a very nice '51 Topps team card because of this and several t205s. I stopped doing this when a few people who knew my ebay id would watch what I was bidding just to see if they could score a bargain. When ebay went to mostly private bidder names, I started doing it more again. Most recently, I won a Globe card for the initial 9.99 price. About a third of what I thought it might go for.
Joshua
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