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Shouldn't this coin be worth more than this?

I want to make it clear that I don't own this coin and I stand to benefit not at all if it is sold.

This is a 279 year old Hibernia Halfpenny in a PCGS 65RB holder currently on the Bowers and Merena website:

image

While not a rare coin, I would estimate that perhaps 12 to 15 exist in condition approaching this one. And the fact that it has that much original red on it after that length of time is at the very least pretty cool.

Bowers is asking $2400.
Singapore

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