JemJem offers the refurbished Unlocked Apple iPhone 5 32GB GSM Smartphone in White, model no. MD296LL/A, Slate, model no. MD636LL/A, for $137 plus $1.99 for shipping. That's $18 below our mention from two weeks ago and the lowest total price we've seen for an unlocked 32GB model. (It's a current best for a refurb by $10 and $260 less than buying new.) Deal ends May 20.
Note: A 30-day JemJem warranty applies.