Why report this?
They can ask any price, and describe a coin any way they want other than using a numeric scale which is reserved for
ebay approved
TPG's. Sounds fair to me. I'm allowed to say my coin is beautiful if that's what I think. I can also say it is "very fine" when really its a mint state coin. If I showed my sister an MS65 coin, she might say its "perfect". It's all a matter of opinion and everyone has a right to their opinion.
As for the price, look at it the other way ... as a buyer, you are allowed to offer any amount you want. Do you not lowball sometimes when making offers to sellers? Of course, everyone does that... as a buyer, we all want the lowest price possible, and as a seller we want the highest we can get. That's completely fair.
If you look through the
ebay history of completed listings you will see that basically none of these massively overpriced items sell... so don't worry about it.