All of the players who are famous for being infamous -- the Black Sox and Hal Chase come to mind.
Also there are a lot of low end HOFers (the guys who on the merits probably shouldn't be in the HOF in the first place) who are highpriced because they are HOFers. Thinking of the Frankie Frisch/Veteran's Committee inductees (e.g High Pockets Kelly). Also Tommy McCarthy, Rick Ferrell, Ray Schalk, and Lloyd Waner.
You've also got players who are famous for their off-the-field exploits like Moe Berg.
Roger Maris, Joe Wood, Jack Chesbro, and Hack Wilson are valued largely for single-season excellence.
Addie Joss is probably overpriced relative to the merits of his sadly truncated career too.
More recently there are the beloved great players who carry such a high premium that they are still overpriced relative to their merits -- Mantle and Clemente can be challenged on this basis.
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