Well...your offer definitely is low for that card, regardless of whether his ask price is high or not.
He may have called you an idiot because you said it is not a 50 dollar card, and it likely is, then shot him an offer of half of that. If I were a low grade collector that would be a dream deal for 50 bucks, to own a card that looks that good with such minor issues.
If it were a 7, you would be paying 400 to 600 for it.
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