I really don't understand what he's trying to do. He's got a bunch of auctions with no dates listed, selling pocket change for one cent with free shipping. Wish I could make money like that.
He's just trying to get a large feedback rating quickly. Notice the coins are not in a dutch auction - there is one auction per coin, making it more of a pain to purchase more than one at that price. Feedback is private so nobody can see what the feedback was actually for. People do this sort of thing (think JFK half dollars or IKEs for face) when trying to reverse a large negative in feedback % or when they have to make a new ID because their old one got banned. Or, he could just like to lose money left and right
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