What's the point? They won't do anything that interferes with their profits.
I know what you mean, but...
I have successfully reported items before for other wrongdoing reasons and eBay have removed them.
If sufficient numbers report, eBay can and do suspend sellers breaking their rules.
The seller might get the message if a lot if items are removed, they cannot get away with what is essentially fraud.
Whilst I guess the seller didn't twig that his picture was of a 1903 open 3 penny and so worth a bit, had PWA bought it, he would have received an item not as listed - the pictures form part of the listing and this is why eBay have the rule about it. I see this seller also has, for example, a picture of a lustrous Unc 1904 penny (or actually allegedly two of them!) when I am sure any buyer would receive one in far lower grade! It just annoys me that lazy sellers, or worse still deliberately misleading ones, can get by because of apathy either on the part of eBay or by much more knowledgable potential buyers... Rant over! 😊