Looks to me to be an item barely above junk silver, barely. I also would not pay that price, thinking you could get the same coin out of a barber junk box.
It's funny how the seller added "LOTS OF HISTORY" on the title to attract more people. It's a $1.16 coin in my book. I can get 10 almost uncirculated Roosevelt Dimes for what that coin sold for.
Does it really matter? It might be "over priced" but at $12.49, you can't even eat lunch at a sit down restaurant. I personally wouldn't buy the coin at any price, but worrying about price for this coin just seems a little superfluous.
But what if the op was looking to buy 1000 of these coins. It would be 12,000 dollars. 12 dollars really adds up.
I hope that's sarcastic. IMO, if you're looking to buy 1K pieces of any coin, you better know what the hell you're doing.
Not sure why it's "funny"; the coin does represent "lots of history", but so do the stones in my driveway. The fact is that this guy is selling novelty. The coin, in its apparent condition, is on par with those that can often be had as type bulk, or found in junk bins, so a certain kind of buyer is necessary in order to make his effort to sell in this manner worthwhile. In this case calling a dog a dog isn't likely to achieve the desired result, so the guy pointed to an arguable positive, which is marketing 101.
Is it a low mintage date, semi key? If it's not, that's a rip. I can get good condition ones for 3 bucks each at the antique market over here, sometimes they are vg
On eBay you can do a search for the same grade and date coin by selecting completed listings on the left and you will see many have sold in the $3-4 range.