Copy can't parse a float?

I'm trying to copy into a table from a file, and postgres is complaining about a float value.... The table is as follows:

smallint,
smallint,
int,
smallint,
smallint,
integer,
float8

And the data file looks like:

2|11|30540|1|2||1.0
2|12|30540|1|1||0.0
2|13|30540|1|1||1.0
2|14|30540|1|1||1.0
2|15|30540|1|1||0.0

Here's my copy command:

echo "copy fact from '/data1/fact_oriZ01_2004.dat' with delimiter as '|' null as ''" | psql -d oridb

And it's dying on the first line with this error:

ERROR: copy: line 1, pg_atoi: error in "1.0": can't parse ".0"

Why can't it parse .0 in a float8?