The profit margin on this particular item is huge, the guy might as well be printing up dollar bills in his basement.
It's really unclear as to what you get if you win the auction, but based on the photos, you get a certificate for life and disability insurance circa 1918 and a Xerox copy of a letter written by a soldier stationed in France during World War I. I'm really unclear as to what each of those things have to do with each other, but I'm pretty sure that I don't want to spend $2 on this. Memorabilia is supposed to be AUTHENTIC, or belongs in a museum, and he's selling something that was done on an office photocopier.
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