Why do E-Bay allow sellers to advertise goods at ridiculously high prices , ripping people off. one

[kevstewart2011]

Why does E-Bay allow posts for goods at unrealistic prices that give buyers false information and leads to buyers being coned out of money.

One example 2016 U.K "battle of hastings 50p coin, fact the coin is only valued at abeing advertised for £50 up to thousands of ££'s , when in fact a used coin is worth no more than £1 the site is full of them. 

This sort of thing is  giving E-Bay a bad name.

[red_magpie]

EBay isn't going to scrutinise every one of it's millions of listings to decide whether the price is realistic. In any case, sellers can ask whatever price they want - no-one's obliged to buy.

The puzzle is why they do it. If it's a joke, it's a very risky one. If you look at completed listings, these coins have been listed for up to £5k. One supposedly sold for over £600, so assuming the purchase was a wind-up the seller will now have to open an unpaid item case to get their final value fee credited back.

Some overpriced purchases, especially for vouchers or anything that can be turned into cash, are probably to liberate cash without partners or HMRC HMRC knowing about it. But where's the benefit in listing a £1 item for £5k?