go on, bid a buck....
FWIW, I have had great success selling with insanely low starting bids and no reserve.
Usually starts a bidding frenzy and gets you lots of publicity, while similar items with higher starting bids go without bids. Starting this way usually ends up with higher final prices than those similar items with higher starting bids.
I've also shipped stuff so cheap I probably only paid for the gas to FedeX and shipping costs.
If you think it's a scam, a phone call can help make up your mind either way in a hurry. Scammers usually won't give out a phone number or call you, and will hope for another sucker. Lots of scammers take over old unused accounts, so the phone number area code usually doesn't match the ad location.