To estimate a maximum purchase price for the coin in question, we will consider several factors:

1. Coin Condition: The coin has a condition rating of 95 (EBC+), indicating that it is in very good shape. This generally translates to a higher price compared to coins with lower conditions.

2. Auction History: By looking at previous auction prices for coins with similar conditions (95 and 100), we can see that the hammer price has varied. For example:
- In 2019, a coin with a condition of 95 was sold for 30 euros.
- In 2020, a coin with a condition of 100 was sold for 65 euros.
- In 2022, a coin with a condition of 95 was sold for 25 euros.

3. Average Hammer Price: The average hammer price for this coin is 20.03 euros, providing a reference point.

4. Starting Price and Estimates: The current starting price is 12 euros, and the average starting price is 11.63 euros. However, the estimated price for this auction is 20 euros.

5. Recent Trends: In the most recent auctions, hammer prices have shown a trend of increasing, especially for coins in good condition.

Based on these factors, an estimated maximum purchase price for this coin could be between 30 and 40 euros, considering that the condition is high and there is a history of hammer prices that supports this estimate. However, since the starting price is 12 euros, buyers may be willing to pay a bit more, but not necessarily reaching 40 euros. A reasonable maximum price could be 35 euros.

To estimate a maximum purchase price for the coin in question, we will consider several factors:

1. Coin Condition: The coin has a condition rating of 95 (S/C-), indicating that it is in very good shape. This generally translates to a higher price compared to coins with lower condition ratings.

2. Previous Auction Prices: By looking at the hammer prices of coins with a similar condition (95), we find that:
- In 2020, a coin with a condition of 95 was auctioned for 800 euros.
- In 2019, another coin with the same condition sold for 644 euros.
- In 2014, a coin with a condition of 90 sold for 1100 euros.

3. Average Hammer Price: The average hammer price for this coin is 451.63 euros, which is also an important indicator.

4. Starting Price: The starting price is 450 euros, suggesting that the seller has expectations of a similar or higher hammer price.

5. Market Trends: Given that the coin has been auctioned 57 times and has had a high sales percentage (50 out of 57), this indicates a consistent interest in the coin, which may influence the price.

Based on these factors, an estimated maximum purchase price could be in the range of 800 to 1100 euros, considering that the condition is high and there are precedents for sales in that range. However, since the starting price is 450 euros, it is likely that the hammer price will not significantly exceed this value unless there is active competition among bidders.

Therefore, a reasonable estimated maximum purchase price could be 800 euros.

To estimate a maximum purchase price for the coin in question, we can consider several factors:

1. Coin Condition: The coin to be auctioned has a condition rating of 90 (EBC), indicating that it is in quite good shape.

2. Previous Prices: By looking at the hammer prices of coins with similar conditions (around 90), we can see that they have reached hammer prices that vary, but generally, the hammer prices for coins in similar conditions have been in the range of 150 to 250 euros in recent auctions.

3. Average Hammer Price: The average hammer price for this coin is 109.05 euros, suggesting that, in general, coins of this reference tend to sell for above this price.

4. Starting Price: The starting price is 90 euros, which is a good starting point, but given that the coin is in good condition, it is likely that the hammer price will be significantly higher.

5. Auction Trends: Since there have been 107 auctions of this coin and 85 of them have sold, there is good demand, which may drive up the hammer price.

Based on these factors, an estimated maximum purchase price for this coin could be in the range of 200 to 250 euros, considering that the condition is good and that interest in the coin appears to be high. However, it is important to keep in mind that the final price may vary depending on competition in the auction and other market factors at the time of sale.

To estimate a maximum purchase price for the coin that is going to be auctioned, we can consider several factors:

1. Condition of the coin: The coin in question has a condition of 95 (EF+), which indicates that it is in very good shape. This generally translates to a higher price compared to coins with lower conditions.

2. Previous auction prices: By looking at the hammer prices of coins with a similar condition (95), we can see that they have reached hammer prices that vary considerably. For example:
- In 2020, a coin with a condition of 95 was auctioned for 800 euros.
- In 2019, another coin with the same condition was auctioned for 550 euros.

3. Average hammer price: The average hammer price for this coin is 175.04 euros, but given that the condition is high, we can expect the actual hammer price to be significantly higher.

4. Starting price: The starting price is 300 euros, which indicates that the seller expects a reasonable minimum price.

5. Market trends: Since the coin has been auctioned 109 times and has had a high sales percentage (94 out of 109), this suggests that there is consistent interest in this coin.

Based on these factors, an estimated maximum purchase price could be in the range of 600 to 800 euros, considering that the condition is high and there are precedents for hammer prices in that range. However, given the starting price of 300 euros, it is likely that the hammer price will not exceed 800 euros in this specific auction.

Therefore, a reasonable maximum purchase price could be 800 euros.

To estimate a maximum purchase price for the coin that will be auctioned, we will consider several factors:

1. Condition of the coin: The coin in question has a condition of 100 (MS), indicating that it is in excellent condition. This generally translates to a higher value compared to coins with lower conditions.

2. Starting price: The starting price is 1500 euros. This is the starting point for the auction.

3. Price history: By observing previous auction prices of similar coins, we can see that the average hammer price is 224.45 euros, but there are examples of much higher hammer prices, such as 1200 euros in a previous auction.

4. Auction trends: The coin has been auctioned 54 times, of which 52 have sold. This indicates high demand and consistent interest in this coin.

5. Previous hammer prices: Previous hammer prices for coins with similar conditions (85-95) have reached up to 1200 euros. Given that the condition of the coin in question is superior, it is reasonable to expect that the hammer price will be higher.

Taking all these factors into account, an estimated maximum purchase price could be in the range of 1500 to 2000 euros, considering that the condition is excellent and there is a price history that supports this estimate. However, since the starting price is 1500 euros, it is likely that the hammer price will not significantly exceed this value unless there is intense competition in the auction.

Therefore, a reasonable maximum purchase price could be 1800 euros.

To estimate a maximum purchase price for the coin in question, we will consider several factors:

1. Coin Condition: The coin being auctioned has a condition rating of 95 (S/C-), indicating that it is in very good shape. This generally translates to a higher price compared to coins with lower conditions.

2. Previous Auction Prices: By looking at the auction prices of coins with a similar condition (95), we can see that they have reached auction prices that vary, but many are in the range of 40 to 90 euros. For example, in previous auctions, coins with a condition of 95 have reached auction prices of 80 euros and more.

3. Average Auction Price: The average auction price for this coin is 46.65 euros, which is also a good indicator of the expected value.

4. Recent Trends: In the most recent auctions, auction prices have shown a trend of increasing, especially for coins in similar conditions.

5. Starting Price and Average Starting Price: The starting price is 30 euros, and the average starting price is 34.32 euros. This suggests that the auction price could be significantly higher than the starting price.

Taking all these factors into account, an estimated maximum purchase price for the coin in question could be in the range of 70 to 90 euros. This is based on the coin's condition, previous auction prices, and market trends.

To estimate a maximum purchase price for the coin in question, we will consider several factors:

1. Condition: The coin has a condition rating of 85 (MBC+/EBC-), indicating that it is in quite good shape. This generally translates to a higher value compared to coins in lower condition.

2. Auction History:
- The average hammer price for this coin in the past is 318.75 euros.
- In the 2015 auction, the coin sold for 900 euros, which is an exceptionally high price, but it also indicates that there is a market willing to pay a lot for coins in good condition.
- In other recent auctions, hammer prices have varied, but they have been in a range that suggests the coin has significant value.

3. Starting Price: The current starting price is 300 euros, which is a good starting point for the auction.

4. Sales Trends: The coin has been auctioned 9 times, of which 5 resulted in sales. This suggests that there is interest in the coin, although there is also a considerable number of auctions that did not result in sales.

5. Previous Prices: Previous hammer prices, especially the 900 euros, suggest that there is potential for a high hammer price, although this may depend on demand in the current auction.

Taking all these factors into account, an estimated maximum purchase price could be in the range of 400 to 600 euros. This is based on the price history, current condition, and interest in the coin. However, given the history of high prices, a maximum of 600 euros could be reasonable if there is good competition in the auction.

To estimate a maximum purchase price for the coin in question, we will consider several factors:

1. Current Condition: The coin has a condition rating of 95 (S/C-), indicating that it is in very good shape. This generally translates to a higher price compared to coins with lower conditions.

2. Auction History: By looking at previous auction prices for coins with a similar condition (95), we can see that the hammer prices have varied but have reached significant figures. For example:
- In previous auctions, coins with a condition of 95 have reached hammer prices of up to 90 euros.
- The average hammer price for coins of similar condition is approximately 65-75 euros.

3. Starting Price and Average Hammer Price: The current starting price is 30 euros, and the average hammer price in the past has been 43.26 euros. This suggests that there is potential for an increase in the hammer price.

4. Recent Trends: In the most recent auctions, hammer prices for coins in condition 95 have shown an increase, which could indicate a rising trend in interest for these coins.

Based on these factors, an estimated maximum purchase price for this coin could be between 80 and 100 euros, considering its good condition and the historical hammer price data from previous auctions. This would allow for effective competition in the auction without exceeding a reasonable limit based on historical data.

To estimate a maximum purchase price for the coin in question, we will consider several factors:

1. Current Condition: The coin has a condition rating of 95 (S/C-), indicating that it is in very good shape. This generally translates to a higher price compared to coins with lower conditions.

2. Auction History: Looking at previous hammer prices for coins with similar conditions:
- In recent auctions, coins with a condition of 95 have reached hammer prices of up to 110 euros.
- The average hammer price for coins with a condition of 95 has been around 70-90 euros on several occasions.

3. Starting Price and Average Hammer Price: The starting price is 30 euros, and the average hammer price is 42.13 euros. However, given that the condition of this coin is high, it is reasonable to expect that the hammer price will be significantly higher.

4. Market Trends: Since the coin has been auctioned 172 times and has a good sales history (138 times), this suggests that there is consistent interest in this coin, which may increase its value at auction.

Based on these factors, an estimated maximum purchase price for this coin could be between 90 and 120 euros, considering that the condition is high and there have been precedents for hammer prices in that range.

Therefore, a reasonable maximum purchase price could be 100 euros.

To estimate a maximum purchase price for the coin that will be auctioned, we can consider several factors based on the provided data:

1. Coin Condition: The coin in question has a condition rating of 95 (S/C-), indicating that it is in very good shape. This generally translates to a higher price compared to coins with lower conditions.

2. Auction History:
- The average hammer price for similar coins in the past is 51.57 euros.
- Coins with similar conditions (around 95) have sold for varying prices, but there are examples of auctions reaching up to 320 euros (in the case of an auction in 2015).

3. Starting Price and Estimates:
- The starting price for the current auction is 60 euros, which is higher than the average starting price of 33.36 euros.
- The estimated price for this auction is 60 euros, suggesting that the organizers expect considerable interest.

4. Price Trends:
- In previous auctions, coins with similar conditions have reached hammer prices exceeding 100 euros, especially in condition ratings of 95 or higher.

Based on these factors, an estimated maximum purchase price could be in the range of 100 to 150 euros, considering that the condition is high and there are precedents for high hammer prices for coins in similar conditions. However, since the starting price is 60 euros, it is possible that buyers may be willing to bid more, especially if there is interest in the coin.

Therefore, a reasonable maximum purchase price could be 120 euros.

To estimate a maximum purchase price for the coin in question, we will consider several factors:

1. Coin Condition: The coin has a condition rating of 95 (S/C-), indicating that it is in very good shape. This generally translates to a higher price compared to coins with lower condition ratings.

2. Previous Auction Prices: By looking at the hammer prices of coins with a similar condition (95), we can see that they have reached hammer prices of up to 320 euros in previous auctions. For example:
- In 2019, a coin with a condition of 95 was auctioned for 320 euros.
- In 2020, another coin with the same condition sold for 180 euros.

3. Average Hammer Price: The average hammer price for this coin is 126.48 euros, but given the high condition, we can expect the hammer price to be above this average.

4. Starting Price: The starting price of 250 euros is an indicator that the seller expects a reasonable price, but not necessarily the maximum price that could be reached.

5. Market Trends: Since the coin has been auctioned 75 times and has had a good sales percentage (64 out of 75), this suggests that there is consistent interest in this coin.

Based on these factors, an estimated maximum purchase price could be between 320 and 350 euros, considering that the condition is high and there are precedents for hammer prices in that range. Therefore, a reasonable maximum purchase price could be 350 euros.

To estimate a maximum purchase price for the coin in question, we will consider several factors:

1. Condition: The coin has a condition rating of 95 (EF+), indicating that it is in very good shape. This generally translates to a higher price compared to coins of lower quality.

2. Auction history:
- The average hammer price for similar coins in the past has been 43.41 euros.
- In previous auctions, coins with a similar condition (95) have reached hammer prices that vary, but some have gone for 100 euros or more, as seen in the auction on 2020-05-26.

3. Starting price and estimates:
- The current starting price is 25 euros, which is relatively low compared to previous hammer prices.
- The average starting price of 33.07 euros also suggests that the current starting price is competitive.

4. Demand and supply: The coin has been auctioned 126 times, with an 81% sell-through rate, indicating good demand.

Based on these factors, an estimated maximum purchase price could be between 80 and 100 euros, considering that the condition is high and there is a history of hammer prices that supports this estimate. Therefore, a reasonable maximum purchase price could be 90 euros.

To estimate a maximum purchase price for the coin in question, we can analyze the provided data:

1. Current asking price: 900 euros.
2. Average past asking price: 1200 euros.
3. Average past auction price: 1950 euros.
4. Condition of this coin: 95 (S/C-), indicating good preservation.
5. Previous prices for this coin:
- In December 2021, an estimated price of 2000 euros was set, and it sold for 1500 euros.
- In June 2022, an estimated price of 3000 euros was set, and it sold for 2400 euros.

Given that the condition of the coin is high (95), and considering the previous auction prices, we can make an estimation.

- The average auction price in the past has been 1950 euros, suggesting that buyers are willing to pay close to this figure for coins in similar conditions.
- The last auction shows a sale price of 2400 euros, indicating that there is potential for an increase in the auction price for well-preserved coins.

Taking these factors into account, an estimated maximum purchase price could be positioned between the average auction price (1950 euros) and the highest auction price observed (2400 euros).

Therefore, a reasonable estimated maximum purchase price could be 2400 euros. This reflects both the good condition of the coin and the market interest in such pieces.

To estimate a maximum purchase price for the coin in question, we can consider several factors based on the provided data:

1. Coin Condition: The coin being auctioned has a condition rating of 95 (EBC+), indicating that it is in very good condition. This generally translates to a higher price compared to coins with lower conditions.

2. Starting Price and Previous Prices: The current starting price is 90 euros. In previous auctions, the hammer prices for coins with similar conditions (95) have varied, but the highest hammer price for a coin with a condition of 95 was 100 euros.

3. Price Trends: The average hammer price for similar coins has been 55.25 euros, but given that this coin has a higher condition, it is reasonable to expect that the hammer price will be above this average.

4. Auction History: The coin has been auctioned 19 times, of which 17 have sold. This suggests good demand and sustained interest in the coin.

5. Previous Estimates: In past auctions, the estimated price for coins with a condition of 95 has been up to 100 euros, indicating that this could be a good reference point.

Considering all these factors, an estimated maximum purchase price for this coin could be between 100 and 120 euros, taking into account the high condition and the price history that supports this estimate. However, since the starting price is 90 euros, a realistic hammer price could be closer to 100 euros, but it should not exceed 120 euros in a competitive scenario.

To estimate a maximum purchase price for the coin in question, we can analyze the provided data, especially the previous auction prices and the current condition of the coin.

1. Current Condition: The coin has a condition rating of 95 (EF+), indicating that it is in very good shape. This is relevant because coins in better condition tend to fetch higher prices at auctions.

2. Previous Auction Prices: Looking at previous auction prices for coins with a similar condition (95), we find:
- In 2018, a coin with a condition of 95 sold for 380 euros.
- In 2014, another coin with a condition of 95 sold for 470 euros.
- In 2021, a coin with a condition of 95 sold for 480 euros.

3. Starting Price and Average Auction Price: The current starting price is 300 euros, and the average auction price for this coin in the past is 201.96 euros. However, given that the current condition is high, it is reasonable to expect that the auction price will be above this average.

4. Auction Trends: The coin has been auctioned 57 times, with a high sales percentage (52 out of 57). This suggests that there is consistent interest in this coin, which may influence the price.

5. Maximum Price Estimation: Based on previous auction prices for coins of similar condition and considering the trend of increasing prices, a reasonable maximum purchase price could be in the range of 500 to 600 euros.

Therefore, an estimated maximum purchase price for this coin could be approximately 600 euros.

Based on the provided data, we can conduct an analysis to estimate a maximum purchase price for the coin in question.

1. Starting Price: 900 euros.
2. Condition: 95 (S/C-), indicating that the coin is in very good condition.
3. Auction History: The coin has been auctioned once before, with a hammer price of 900 euros, which matches the current starting price. This suggests that the market has valued this coin in that range.
4. Previous Estimated Price: In the previous auction, an estimated price of 2000 euros was given, but the hammer price was 900 euros. This indicates that, although the market may have higher expectations, the actual selling price was much lower.

Given that the coin has a sales history at 900 euros and considering that the condition is high, we could estimate that the maximum purchase price could be in a similar or slightly higher range, as condition is an important factor in valuation.

Estimated Maximum Purchase Price: It may be reasonable to consider a maximum purchase price of around 1100 to 1200 euros, taking into account the good condition and potential interest in the coin, but without exceeding the previous hammer price. This would allow for a small premium over the previous hammer price while maintaining a conservative approach given the sales history.

Given that the coin has a grade of 95 (S/C-), which is a very high grade, and considering that the starting price is 2500 euros, we can estimate a maximum purchase price.

In previous auctions, high-grade coins often reach prices that can be significantly higher than the starting price, especially if there have been no prior sales and demand is high. However, since there is no historical sales data for this particular coin, it is difficult to make an accurate estimate.

Taking into account the grade and the starting price, an estimated maximum purchase price could be in the range of 3000 to 3500 euros, assuming there is interest in the coin and bidders are willing to compete for it. This is just an estimate, and the actual price may vary depending on the dynamics of the auction.

Given that the coin has a conservation rating of 95 (S/C-), which is a very high rating, and considering that this is the first time it is being auctioned, the starting price is set at 2500 euros.

In the collector's market, coins in high conservation conditions often reach prices that can be significantly higher than the starting price, especially if there is interest in the auction. However, since there are no historical sales data for this coin, it is difficult to make an accurate estimate.

Taking into account the conservation and the starting price, a maximum estimated purchase price could be in the range of 3000 to 3500 euros, depending on the interest of collectors and the competition in the auction.

Based on the provided data, we can conduct an analysis to estimate a maximum purchase price for the coin in question.

1. Starting price: 2500 euros.
2. Average hammer price in the past: 4400 euros.
3. Condition of the coin: 95 (S/C-), which is a high condition.
4. Auction history: It has been auctioned once before, with an estimated price of 3000 euros and a hammer price of 4400 euros.

Given that the coin is in high condition and has reached a hammer price of 4400 euros in the past, it is reasonable to consider that interest in this coin could be similar in the upcoming auction.

Additionally, the fact that there have been no failed sale attempts in the past suggests that there is solid interest in this coin.

Estimation of the maximum purchase price:
- Considering the previous average hammer price (4400 euros) and the current starting price (2500 euros), a maximum purchase price could be set in a range between the average hammer price and a bit more, given that the condition is high and there is interest in the coin.

Therefore, an estimated maximum purchase price could be approximately 4500 to 4800 euros. This allows for a margin for competition in the auction, given the price history and the condition of the coin.

To estimate a maximum purchase price for the coin in question, let's consider the following factors:

1. Starting price: 2500 euros.
2. Average past auction price: 3000 euros.
3. Current condition: 100 (MS), which is an excellent condition.
4. Auction history: The coin has been auctioned once before, with a hammer price of 3000 euros and a condition of 95.

Since the current condition is better (100 vs. 95), it is reasonable to assume that the hammer price could be higher than the previous 3000 euros. Additionally, the fact that there have been no failed sale attempts in the past suggests that there is interest in the coin.

Taking these factors into account, an estimated maximum purchase price could be between 3000 and 3500 euros, considering that the condition is better and that the interest in the coin seems to be positive.

Therefore, a reasonable maximum purchase price could be 3500 euros.