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Because some collectors want their coins to be attractive; in fact, to some of them, attractiveness is more important than the technical grade of a coin.
Here is one of my favorite coins that sold at a Stack's auction in 2009. The coin sold for $4,600; Greysheet bid at that time was $850.
1909 Matte Proof Lincoln
Here is one of my favorite coins that sold at a Stack's auction in 2009. The coin sold for $4,600; Greysheet bid at that time was $850.
1909 Matte Proof Lincoln
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R.I.P. Bear