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

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

2. Previous auction prices:
- In December 2020, the coin was auctioned with a starting price of 1700 euros and sold for 2200 euros, indicating significant interest in that condition.
- In December 2021, although the final price was lower (950 euros), the condition was 85, suggesting that condition drastically affects the price.
- In March 2024, the starting price is 2500 euros with an estimated price of 4000 euros, indicating that the market continues to value this coin well in good condition.

3. Average starting and final prices: The average starting price is 1900 euros and the average final price is 1575 euros. This suggests that, in general, coins of this reference tend to sell below their starting price, but interest may vary depending on the condition.

4. Market trends: Since the coin has been auctioned several times and has had a high final price in the past, this suggests that there is an active market for this coin, especially in good condition.

Based on these factors, an estimated maximum purchase price could be between 2200 and 2500 euros, considering that the condition is high and there has been interest in the past. However, since the current starting price is 1500 euros, it could be a good buying opportunity if it can be acquired below that range.

Therefore, a reasonable maximum purchase price could be 2400 euros.

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

1. Current starting price: 1200 euros.
2. Condition of the coin: 95 (EF+), indicating good preservation, although not the best possible.
3. Auction history:
- In 2020, the coin was auctioned with a starting price of 2500 euros and sold for 3200 euros, with a condition of 100.
- In 2021, it was estimated at a price of 2000 euros, but it sold for 1450 euros, also with a condition of 100.

4. Average starting and selling price: The average starting price is 1850 euros and the average selling price is 2325 euros.

Given that the condition of the current coin is 95, which is lower than the conditions of 100 from previous auctions, it is reasonable to adjust the estimated price downward.

We can consider that, based on the price history and condition, a maximum purchase price could be set between the average selling price and the current starting price, adjusted for condition.

An approximate calculation could be:

- Average selling price: 2325 euros.
- Adjustment for condition (considering that 95 is slightly less than 100): we could reduce the price by 10-15%.

If we apply a 10% adjustment to the average selling price:

2325 - (2325 * 0.10) = 2092.5 euros.

Therefore, an estimated maximum purchase price could be around 2000-2100 euros. This reflects a balance between the price history and the current condition of the coin.

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

1. Starting price: 1200 euros.
2. Average hammer price in the past: 1500 euros.
3. Estimated price at the previous auction: 2000 euros, although the hammer price was 1500 euros.
4. Condition of the coin: 100 (Uncirculated), indicating that it is in excellent condition.

Given that the coin is in good condition and has had a hammer price of 1500 euros in the past, along with an estimated price of 2000 euros, we can consider that the hammer price could be in a similar range or slightly higher.

Taking into account that the starting price is 1200 euros and that the average hammer price has been 1500 euros, an estimated maximum purchase price could be between 1500 and 1800 euros, considering that the condition is excellent and there is interest in the coin.

Therefore, an estimated maximum purchase price could be 1800 euros.

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

1. Condition: The coin to be auctioned has a condition of 100 (S/C), indicating that it is in excellent shape. This generally increases its value compared to coins with lower conditions.

2. Starting Price: The starting price is 1800 euros, which is a good starting point.

3. Auction History:
- The average hammer price in previous auctions is 1506.67 euros.
- In past auctions, hammer prices have varied, but there are examples of coins with similar conditions that have sold for higher prices, such as 2800 euros in a recent auction.

4. Price Trends: The overall trend appears to be upward, especially for coins in good condition. The last auction with a hammer price of 1800 euros and an estimated price of 3000 euros suggests that there is significant interest in this coin.

5. Comparison with Previous Prices: The coin has had hammer prices ranging from 1100 to 2800 euros in similar conditions, indicating that the market is willing to pay more for well-preserved coins.

Taking all these factors into account, an estimated maximum purchase price could be around 2500 euros. This is based on the good condition of the coin, market interest, and previous hammer prices.

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

1. Condition of the coin: The coin in question has a condition of 100 (S/C), indicating that it is in excellent shape. This generally increases its value compared to coins with lower conditions.

2. Auction history:
- The current starting price is 75 euros, which is significantly higher than the average starting price of 21 euros. This suggests that the coin is valued more in this auction.
- The average hammer price in previous auctions is 40.92 euros, but there is a notable hammer price of 180 euros in a previous auction with the same condition (100).
- Most previous auctions have had hammer prices that varied, but the highest recorded price is 180 euros.

3. Sales trends: The coin has sold in 13 out of the last 17 auctions, indicating good demand.

4. Estimated price: The estimated price in the current auction is 125 euros, which also suggests that bidders are willing to pay more for this coin.

Based on these factors, an estimated maximum purchase price could be positioned between the estimated price of 125 euros and the highest recorded hammer price of 180 euros. Given that the condition is excellent and there is demonstrated interest in the coin, a reasonable maximum price could be approximately 150 euros. This allows for a margin for competition in the auction, considering that the hammer price may exceed the estimate in an active auction environment.

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. Average hammer price in the past: 850 euros.
3. Condition of the coin: 95 (S/C-), indicating that it is in very good condition.
4. Estimated price at the previous auction: 1000 euros, although the hammer price was 850 euros.

Given that the coin has a high condition rating (95) and has had a hammer price of 850 euros in the past, it is reasonable to consider that the hammer price could be in a similar range or slightly higher, as the market may have changed since the last auction.

Additionally, the current starting price is 900 euros, suggesting that the seller expects the coin to sell for a higher price.

Taking all these factors into account, an estimated maximum purchase price could be between 900 and 1000 euros. However, to be more conservative and considering the previous average hammer price, a reasonable maximum purchase price could be approximately 950 euros. This allows for some competition in the auction while also staying within a range that reflects the historical value of the coin.

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

1. Current starting price: 1200 euros.
2. Coin condition: 100 (S/C), indicating good condition.
3. Auction history:
- In 2020, the coin was auctioned with a starting price of 1500 euros and sold for 2600 euros, with a condition of 110.
- In 2021, it was estimated at a price of 2000 euros and sold for 1500 euros, with a condition of 100.

4. Average starting and final prices:
- Average starting price: 1350 euros.
- Average final price: 2050 euros.

Given that the condition of the current coin is 100, similar to the 2021 auction, and considering that the final price on that occasion was 1500 euros, we can infer that the final price could be in a similar range.

Additionally, the current starting price is lower than the average starting price and the final price of previous auctions, suggesting there is potential for an increase in the final price.

Taking all these factors into account, an estimated maximum purchase price could be around 2000 euros, which is a reasonable value considering the auction 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: 1200 euros.
2. Average hammer price in the past: 1700 euros.
3. Condition of the coin: 100 (S/C), indicating it is in excellent condition.
4. Estimated price at the previous auction: 2000 euros, although it was not reached at the auction.

Given that the coin has a high condition rating and has had a hammer price of 1700 euros in the past, it is reasonable to consider that the hammer price could be in a similar range or slightly higher, especially if there is interest in the current auction.

Taking into account that the starting price is 1200 euros and that the average hammer price has been 1700 euros, a maximum purchase price could be around 1800-2000 euros, as the interest in the coin and its condition could attract more bidders.

Therefore, an estimated maximum purchase price could be 2000 euros.

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

1. Current starting price: 1200 euros.
2. Condition: The coin is in a condition of 100 (S/C), indicating that it is in excellent shape.
3. Auction history:
- In 2020, the coin was auctioned with a starting price of 1800 euros and sold for 3200 euros.
- In 2021, although there was no starting price, it was estimated at 2000 euros and sold for 1500 euros.

4. Average starting and final prices:
- Average starting price: 1500 euros.
- Average final price: 2350 euros.

Given that the coin is in high condition and has a history of successful sales, the final price is usually significantly higher than the starting price.

Considering the current starting price of 1200 euros and the history of final prices, an estimated maximum purchase price could be positioned between the average final price (2350 euros) and the highest recorded final price (3200 euros).

Therefore, a reasonable estimated maximum purchase price could be around 2500 to 3000 euros, considering that the starting price is low compared to the final price history and the high condition of the coin.

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 100 (MS/PR), indicating that it is in excellent condition. This generally increases its value compared to coins with lower condition ratings.

2. Auction History:
- The highest recorded hammer price for a coin with the same condition (100) was 220 euros in December 2020.
- In other auctions, hammer prices for coins with similar conditions (95) have reached up to 60 euros.

3. Starting Price and Average Prices:
- The current starting price is 90 euros, which is significantly higher than the average starting price of 17.2 euros and the average hammer price of 35.5 euros. This suggests that the seller has high expectations for this auction.

4. Sales Trends: Of the 18 times it has been auctioned in the past, it has sold 15 times, indicating good demand.

Based on these factors, an estimated maximum purchase price could be in the range of 180 to 220 euros, given that the highest recorded hammer price was 220 euros and considering that the condition is excellent. However, since the starting price is 90 euros, bidders may be willing to pay a bit more, but not necessarily reaching the historical maximum.

Therefore, a reasonable estimated maximum purchase price could be 200 euros.

Given that the coin has a conservation grade of 95 (S/C-), which is a very high conservation grade, and considering that it is being auctioned for the first time, the starting price is set at 900 euros.

In the collector's market, coins in similar conditions often reach prices above the starting price, especially if demand is high. Without historical sales data for this reference, it is difficult to make an accurate estimate, but based on the conservation grade and the starting price, a maximum estimated purchase price could be in the range of 1,200 to 1,500 euros, depending on the interest of collectors in the auction.

Therefore, a maximum estimated purchase price could be approximately 1,300 euros.

Given that the coin has a grade of 95 (S/C-), which is a very high grade, and considering that this is the first time it is being auctioned, the starting price is set at 1200 euros.

In general, coins in similar conditions tend to reach hammer prices that can exceed the starting price, especially if there is interest in the auction. Without historical sales data for this specific coin, it is difficult to make an accurate estimate, but we can consider that, in the case of high-grade coins, the hammer price can be between 1.5 and 2 times the starting price, depending on demand.

Therefore, an estimated maximum purchase price could be in the range of 1800 to 2400 euros. However, since the starting price is 1200 euros, a more conservative hammer price could be around 1800 euros, assuming there is interest in the auction.

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

1. Coin Condition: The coin has a condition rating of 90 (EBC), indicating that it is in good shape. This generally translates to a higher value compared to coins with lower conditions.

2. Auction History:
- It has been auctioned 8 times in the past, of which it has sold 6 times.
- The average hammer price in previous auctions is 41.25 euros.
- In the most recent auction (2023-05-23), the hammer price was 26 euros for a coin with a condition of 95, suggesting that the price may vary depending on the condition.

3. Starting and Estimated Prices:
- The current starting price is 30 euros, and the average starting price in previous auctions is 25.14 euros.
- The estimated price for this auction is 30 euros, which matches the starting price.

4. Price Trends:
- In the December 2021 auction, a coin with a condition of 90 sold for 60 euros, indicating that there is high selling potential for coins in good condition.
- In other auctions, hammer prices have varied, but the range seems to be between 24 and 60 euros.

Based on this data, an estimated maximum purchase price could be set in a range between 50 and 60 euros, considering the good condition of the coin and the historical hammer price data from previous auctions. This would allow for competitive bidding without exceeding a reasonable limit based on historical performance.

Therefore, an estimated maximum purchase price could be 55 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 increases its value compared to coins with lower conditions.

2. Auction History:
- The average hammer price for similar coins in the past has been 41.64 euros.
- In previous auctions, hammer prices have reached up to 110 euros, although this can depend on the condition and demand at that time.

3. Starting Price and Estimates:
- The current starting price is 25 euros, and the average starting price in the past has been 20.58 euros.
- The estimated price for this auction is 40 euros, suggesting that bidders may be willing to pay more than the starting price.

4. Sales Trends: Of the 20 times it has been auctioned in the past, 16 have resulted in sales, indicating a consistent interest in this coin.

Taking all these factors into account, an estimated maximum purchase price could be around 70-80 euros. This is based on the auction price history and the good condition of the coin, which suggests it could attract bidders willing to pay a higher price.

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 to be 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. Auction History:
- The coin has been auctioned 6 times in the past, of which it has sold 5 times. This indicates a consistent interest in the coin.
- The average hammer price from previous auctions is 31.8 euros, which can serve as a benchmark.

3. Previous Auction Prices:
- In past auctions, hammer prices have varied, with a maximum of 110 euros in a 2021 auction for a coin with a condition of 85.
- In the most recent auction (2023), although the hammer price is not indicated, the starting price was 15 euros with an estimated price of 25 euros.

4. Current Starting Price: The starting price for the current auction is 40 euros, suggesting that significant interest in the coin is expected.

5. Price Trends: Given that the coin's condition is high and considering the price history, it is reasonable to assume that the hammer price could be above the historical average.

Taking all these factors into account, an estimated maximum purchase price could be in the range of 70 to 90 euros, considering the high condition and demonstrated interest in previous auctions. This also allows for some margin for competition in the auction.

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

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 with lower conditions.

2. Previous auction prices: By looking at the auction prices of coins with a similar condition (95), we find the following relevant data:
- In 2022, two coins with a condition of 95 were auctioned, one with a final price of 18 euros and the other with a final price of 35 euros.
- In 2023, a coin with a condition of 95 was auctioned at a price that has not yet been determined, but it was estimated at 25 euros.

3. Price trends: The average auction price for similar coins is 27.1 euros, which also suggests that the final price may be in a similar range.

4. Starting price: The starting price is 18 euros, which may influence the final price, but given that the coin is in good condition, it is likely that the final price will be higher than the starting price.

Based on these factors, an estimated maximum purchase price could be in the range of 30 to 40 euros, considering that the condition is high and that previous auction prices for similar coins have reached up to 35 euros. Therefore, a reasonable maximum purchase price could be 35 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: 2500 euros.
2. Average hammer price in the past: 3400 euros.
3. Condition of the coin: 100 (Uncirculated), indicating that it is in excellent condition.
4. Auction history: It has been auctioned once before, with a hammer price of 3400 euros.

Given that the coin has a high condition rating (100) and has reached a hammer price of 3400 euros in the past, it is reasonable to consider that the hammer price could be in a similar range or even higher, depending on the demand in the current auction.

Estimation of the maximum purchase price:
- Since the average hammer price has been 3400 euros and considering that the coin will be auctioned again, a maximum purchase price could be between 3400 and 3600 euros, assuming that demand remains stable or increases.

Therefore, an estimated maximum purchase price could be 3600 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 (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 hammer prices for coins with similar conditions (95 and 100), we can see that the hammer prices have varied. For example:
- In a 2020 auction, a coin with a condition of 95 was sold for 65 euros.
- In another auction, a coin with a condition of 100 was sold for 220 euros.

3. Average Hammer Price: The average hammer price for this coin is 41.27 euros, providing a reference point.

4. Starting Price and Average Starting Price: The starting price is 25 euros, and the average starting price is 25.97 euros. This suggests that the market expects the coin to sell for a price higher than the starting price.

5. Recent Trends: In the most recent auctions, hammer prices have shown an increase, which could indicate a rising trend in interest for this coin.

Taking all these factors into account, an estimated maximum purchase price for the coin could be in the range of 70 to 100 euros, considering its good condition and the hammer price history of similar coins. A price of 85 euros could be a reasonable target, as it falls in the middle of this range and reflects both the quality of the coin and market trends.

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 rating of 95 (EF+), indicating that it is in very good condition. This generally translates to a higher price compared to coins with lower condition ratings.

2. Auction history:
- The average hammer price for coins with a similar condition (95) in the past has been up to 110 euros, as seen in the auction on December 16, 2021.
- In other auctions, hammer prices have varied, but the range has been between 35 and 135 euros for coins with condition ratings from 90 to 95.

3. Starting price and previous prices:
- The current starting price is 75 euros, which is slightly higher than the average starting price of 33.75 euros. This may indicate an expectation of greater interest in this auction.
- The average hammer price of 59.71 euros suggests that, although the starting price is higher, the interest may align with buyers' expectations.

4. Price trends:
- Given that the coin is in good condition and has had high hammer prices in the past, it is reasonable to consider that the hammer price could be in the upper range.

Based on these factors, an estimated maximum purchase price could be between 100 and 120 euros, considering that the condition is high and there have been precedents for hammer prices in that range. However, since the starting price is 75 euros, it is likely that the hammer price will not significantly exceed this range unless there is exceptional interest in the coin.

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

Given that the coin has a conservation rating of 80 (MBC+), indicating good quality, and considering that this is the first time it is being auctioned, the starting price is set at 600 euros.

In previous auctions, the average hammer price is not available, suggesting that there are no historical data that could influence the estimation. However, since the starting price is 600 euros and the conservation is good, we could estimate that the hammer price might be in a range above the starting price.

Taking these factors into account, an estimated maximum purchase price could be between 800 and 1000 euros, depending on the interest of collectors and the competition in the auction.