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Considering the HERO4 Black sold for $500 when it launched, and the similarly specced HERO5 retails for $400, $203 is an insanely good deal deal. Yes, it's a refurb, but you still a full 1 year warranty from GoPro, so I wouldn't worry about that too much. Just remember to pay with PayPal, and use promo code PSHOPTECH417 to get the deal.
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