$5 is high but if he is really that firm this is what I would personally do. Visit him and break down one computer. Weigh everything and do a little quick math. As Jeremiah said there can still be a little money left in it even at that price.
My biggest concerns would be transportation costs and how much you will end up getting per lb for the MBs. How far is he? Would he deliver to you? Is your motherboard buyer local or are you going to have to ship and what are your prices? Depending on the answers to those questions the deal can either be good for you or a loser.
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