circulating vs catalog value

Hi!

Seems to be an anomaly here, in Numista catalogue: a coin (Israeli 10 NIS - https://en.numista.com/catalogue/pieces2720.html) whose circulating value is currently 2.96 US$ is valued as low as 1.18US$ (year 5755 "Fine").
And, without much research, I guess this is not the only such case.

Any explanation?

I have found a few of these in junk bins and bulk lots, put there by dealers who are only interested in silver and can't be bothered to look up its circulating value.

The circulating value of that coin is quite 0 outside Israel

Verweis : "cobrapel"​The circulating value of that coin is quite 0 outside Israel

​As is the case with almost all currencies.

I think it's often possible to buy coins by the kg for under circulating value. Wouldn't swear on it as I've never done it, but I think some on the forum have.

The prices you see are prices put by Numista members. It takes a median of all the prices and displays it. In the case of coins that have a relatively high nominal value, very often collectors abroad pay much less for them. Let's say someone gets 100 coins in bulk for $100. Since such coins have high mintage numbers and do not have high demand, they may end up in such lots. Then the buyer just puts the price that she/he paid for each of them, $1. Since a lot of people acquired them under face value, the system shows a price well under face value.

Or people even buy them individually under face value. An example of it can be here - $0.99 + $1.20 + (tax)
https://www.ebay.com/itm/Israel-10-New-Sheqalim-bimetal-XF-palm-tree/254748122401?hash=item3b502bdd21:g:MEcAAOSwDkJfhj1f
And if a person bought several coins from a seller, shipping will be even cheaper, and the cost of the coin will be a bit more than $1.