Quote:Possibly a cash flow ponzi scheme. May also be laundering cash this way. He gets clean paypal cash right away, but you need to wait for the dollar to be shipped. That dollar probably was obtained through criminal enterprise. But, why not 10's or 100's then?The transaction costs would make this a prohibitive way to launder money. If you knocked over a 7-11, you'd have to make about a hundred of these sales just to launder that much - imagine if you were selling drugs, or robbing banks for tens of thousands, or millions! Even 10s or 100s would require a huge number of transactions to launder any useful amount of cash, and I can't imagine a more conspicuous way to do it.
Honestly? Unless someone showed me exactly how this is a scam, I'd just assume someone's having some fun - seeing how much a dollar sells for. It's not an unheard of concept.
-Jester
(Yes, I understand the game "dollar auction" does not follow the same rules, and works differently.)