Did you read the item description in the listing? Not only optimistic but borderline rude too! Is it rude to say people who don't want to spend anything are not welcome? Over the years I have seen/received a lot of derisory offers that were well below intrinsic value, let alone their price as a collectible. OK, in this instance the price is just plain silly, but I can see where he's coming from. In this case, yes it is. I refer to the words used, not the intended meaning. Ok, maybe he shouldn't discriminate and only refer to poorer bidders, but the idea of sticking two fingers up to time wasters is one that most ebay sellers can sympathise with. A person submitting a bid of £1 for a sovereign in the hope that the seller hits the accept button instead of the decline one isn't likely to be welcomed with open arms.