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Penny auction deals can come with a steep price

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A new iPod Touch for $7.25? A new computer for $27.16? The latest Callaway driver for $3.34?

Wow, are those eye-catching deals.

But, as always, if a deal sounds too good to be true, there's usually a catch. And that's the case with the big bargains so-called "penny auction" websites are claiming.

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