Factory_Certified via eBay offers the refurbished Unlocked Apple iPhone 5 32GB GSM Smartphone in Black (pictured) or White for $479 with free shipping. That's a buck under our mention of an open-box unit from January and the lowest total price we've seen for an unlocked 32GB iPhone 5. (It's also $29 under the best price we could find for a new one.) This GSM smartphone features an Apple A6 processor, 640x1136 Retina 4" display, front- and rear-facing cameras, 8-megapixel camera with LED flash, 1080p video, 802.11n, and 1GB RAM.
Also available is the refurbished Unlocked Apple iPhone 5 64GB GSM Smartphone in Black or White for $499 with free shipping. That's lowest total price we've seen for an unlocked 64GB iPhone 5 and $102 under the best price we could find for a new one elsewhere.
A 1-year warranty applies to both models, although it's unclear who provides it.