New iPad on Sale, $50 Less for Refurbished Models
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Apple has started selling refurbished versions of its third-generation iPad in the Apple Store. Refurbished models of the new iPad, as well as the one-year older model iPad 2, are available at $50 off the price of a brand new tablet. Stocks are available for the WiFi only versions and the tablets with Cellular/LTE (with an option to choose between AT&T and Verizon).

The refurbished entry level iPad (3rd generation) is available for only $449 while the most expensive model, the iPad with Wi-Fi + Cellular 64 GB, is priced at $779. For the iPad 2 models, the price cut is $150 but the offer is for a "special limited time price."

What Else You Need To Know:

- The current generation iPad, which has a Retina display, LTE capability, and a powerful dual-core A5X chip with a quad-core graphics processor, was launched in March this year.

- Pre-owned Apple products undergo a stringent refurbishment process before they are being offered for resale. And the refurbished models come with the same warranty and Apple care option that are provided for brand new devices.

Other sources

The company replaces the battery, display, and casing of every refurbished device (if needed), so it looks like new. It should work like new as well. - Shawn Ingram, GottaBeMobile  
Cell Phone Signal
How To Get $50 Off A New iPad (AAPL)  

Don't fear the refurbs! They come with the same warranty and option for Apple Care that brand new Apple devices do.

Other
Refurbished Retina iPads now available through Apple Store with $50 discount  

Intriguingly, the URL for the Store page features the word "iPad 3," reflecting the popular name which Apple eschewed in its own marketing for the device.

Android Central
Refurbished iPad (3rd gen) now available at $50 off from the Apple Online Store  

Every refurbished Apple product is fully tested, parts replaced where necessary, fully cleaned and inspected, repackaged with the same packaging as a new product and finally given 12 months Apple warranty.

Engadget
Apple starts selling refurbished 'new' iPads for $50 less than MSRP  

Apple includes a one-year warranty with each iPad sold via its "Certified Refurbished" online store, which is considerably better than any Craigslist deal you might find out there.

GottaBeMobile
Apple Selling Refurbished Retina Display iPads For $50 Off  

Aside from the price, a refurbished iPad is indistinguishable from a new iPad.