From the Super Mario Wiki
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Rip Cheato is a shady character that appears in Paper Mario. His name is a pun on "rip-off" and "cheater". He sells Mario items for 64 coins (a reference to the Nintendo 64, the console Paper Mario was released for) in the last room of Toad Town Tunnels. He has a few Star Pieces for sale, but he also has junk items such as Dried Shroom that Mario must buy first in order to collect all his finer wares.
List of Items
The items are always acquired in a set order, as follows:
Names in other languages