Given that the coin has a grade of 95 (EBC+), which is a very good condition, and considering that the starting price is 2500 euros, we can estimate a maximum purchase price.

In previous auctions, the final price tends to be higher than the starting price, especially for coins in good condition. However, since there is no historical sales data for this particular coin, it is difficult to make an accurate estimation.

Generally, in the case of coins in similar conditions, the final price can range from 1.5 to 2 times the starting price, depending on the demand and rarity of the coin.

Therefore, an estimated maximum purchase price could be between 3750 and 5000 euros. However, since there are no sales records, it is advisable to pay attention to the dynamics of the auction and the competition from other bidders.

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

1. Starting price: 2500 euros.
2. Average hammer price in the past: 3400 euros.
3. Current grade: 100 (MS), which is a very high grade.
4. Historical data: In the previous auction, the same coin with a grade of 95 sold for 3400 euros.

Since the current grade is better (100 versus 95), it is reasonable to assume that the hammer price could be higher than in the previous auction.

Considering that the average hammer price has been 3400 euros and that the grade is better, an estimated maximum purchase price could be in a range between 3400 and 3800 euros.

Therefore, an estimated maximum purchase price could be 3600 euros. This reflects a moderate increase over the previous average hammer price, taking into account the better grade.

To estimate a maximum purchase price for the coin in question, we can analyze 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. Previous Auction Prices: By looking at the hammer prices of coins with a similar condition (95), we can see that in previous auctions, the hammer prices have varied. For example:
- In the auction on 2023-03-16, a coin with a condition of 95 was sold for 800 euros.
- In other auctions, the hammer prices for coins with a condition of 95 have been 500 euros and 1700 euros.

3. Starting Price and Average Hammer Price: The current starting price is 600 euros, and the average hammer price for this coin in the past has been 172.54 euros. However, given the high condition, it is likely that the actual hammer price will be above this average.

4. Auction Trends: The coin has been auctioned 48 times, of which 42 have been sold. This indicates a consistent interest in the coin, which may increase its value.

5. Comparison with Starting and Hammer Prices: The average starting price of 98.89 euros and the average hammer price of 172.54 euros are significantly lower than the current starting price of 600 euros, suggesting that the market has changed and prices may be rising.

Based on these factors, an estimated maximum purchase price for the coin could be in the range of 800 to 1000 euros, considering that there are precedents for sales in that range for coins with similar conditions. However, given the interest and condition, a price of up to 1200 euros could be reasonable if there is competition in the auction.

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

1. Current 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 Prices: By looking at previous auction prices for coins with similar conditions (95 and 90), we can see that they have reached hammer prices of up to 875 euros (in the case of an auction in 2020).

3. Starting Price and Average Hammer Price: The current starting price is 450 euros, and the average hammer price for this coin in the past has been 181.29 euros. However, given the high condition, it is likely that the actual hammer price will be significantly higher.

4. Recent Trends: In recent auctions, coins with similar conditions have reached hammer prices exceeding 800 euros, as seen in the auctions of 2021 and 2022.

Based on these factors, an estimated maximum purchase price for this coin could be in the range of 800 to 1200 euros. This range takes into account the high condition of the coin and previous hammer prices for similar coins.

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 (MS), indicating that it is in excellent shape. This generally increases its value compared to coins with lower conditions.

2. Previous auction prices:
- In 2014, a coin with a condition of 100 was auctioned with a starting price of 25,000 euros and sold for 36,000 euros.
- In 2019, another coin with a starting price of 25,000 euros sold for 28,000 euros, although the condition is not specified.
- In 2021, a coin with a condition of 85 was estimated at 30,000 euros and sold for 15,000 euros, indicating that condition significantly affects the final price.

3. Current starting price: The starting price is 25,000 euros, which is consistent with previous starting prices for coins of similar condition.

4. Average hammer price: The average hammer price for this coin in previous auctions is 18,600 euros, which can serve as a reference for the expected hammer price.

5. Market trends: Given that the coin has a high condition and has had a history of relatively high hammer prices, it is reasonable to assume that collector interest could lead to a hammer price above average.

Taking all these factors into account, an estimated maximum purchase price could be between 30,000 and 36,000 euros, given the auction history and the high condition of the coin. However, it is important to remember that the final price will depend on demand at the auction and competition among bidders.

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 condition. This generally translates to a higher price compared to coins with lower condition ratings.

2. Current Price and Previous Prices: The current starting price is 900 euros. In the past, coins of the same reference have been auctioned with hammer prices that varied significantly, but there are examples of hammer prices exceeding 1000 euros, especially for coins in similar conditions (95).

3. Price Trends: Looking at previous hammer prices, there are several coins with similar conditions that have sold for over 1000 euros. For example, in past auctions, coins with a condition of 90 and 95 have reached hammer prices of up to 1700 euros.

4. Supply and Demand: Given that there are 2 auctions scheduled in the coming days and the coin has been auctioned 160 times in the past, demand may be high, which could push the price upwards.

Based on these factors, an estimated maximum purchase price could be between 1200 and 1500 euros, considering that the starting price is 900 euros and there are precedents of higher hammer prices for coins in similar conditions. However, it is important to keep in mind that the final price will depend on the competition in the auction and the willingness of buyers to pay.

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 coin has been auctioned 12 times and has sold on all occasions. This suggests a consistent demand and interest in the coin, which can positively influence its price.

3. Previous hammer prices: The previous hammer prices for coins with a similar condition (95) have been:
- 420 € (2021)
- 560 € (2024)
- 550 € (2023)
- 550 € (2024)
- 650 € (2024)

These prices indicate that, in recent auctions, the coin has reached hammer prices ranging from 420 € to 650 €.

4. Current starting price: The starting price is 500 €, which is a good indicator that the seller expects a competitive price.

5. Average hammer price: The average hammer price for this coin is 413.5 €, which is also a relevant figure.

Taking all these factors into account, an estimated maximum purchase price could be positioned within the range of the highest hammer prices observed in recent auctions. Given that the highest hammer price has been 650 €, and considering that the coin is in good condition, a reasonable maximum purchase price could be:

Estimated maximum purchase price: 650 €

This price reflects the trend of recent hammer prices and the good condition of the coin. However, it is always advisable to stay alert to the dynamics of the auction and the competition from other bidders.

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

1. Starting price: 6000 euros.
2. Average hammer price: 8000 euros.
3. Condition of the coin: 90 (EF), indicating good preservation.
4. Auction history: It has been auctioned once in the past, with an estimated price of 5000 euros and a hammer price of 8000 euros.

Given that the coin is in good condition (90) and has reached a hammer price of 8000 euros in a previous auction, 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.

Since the starting price is 6000 euros and the average hammer price has been 8000 euros, an estimated maximum purchase price could be around 8000 euros, as this is the price that has been reached previously and reflects market interest.

Therefore, an estimated maximum purchase price for this coin could be 8000 euros.

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

1. Starting Price: 4500 euros.
2. Condition: The coin is in condition 100 (MS), indicating it is in excellent state.
3. Auction History:
- In the auction on November 3, 2021, the coin was estimated at 5000 euros and sold for 4400 euros.
- In the auction on December 16, 2021, the coin was also estimated at 5000 euros, but it sold for 6500 euros, indicating an increase in interest or value of the coin at that time.

4. Average Hammer Price: 5450 euros, which is a good indicator of the current market value.

Given that the coin is in excellent condition and considering the average hammer price of 5450 euros, as well as the fact that it has had a higher hammer price in the past (6500 euros), it can be estimated that the maximum purchase price could be in a range above the average hammer price.

Estimation of the Maximum Purchase Price: It may be reasonable to consider a maximum purchase price of around 6000 to 6500 euros, given the auction history and the condition of the coin. This would allow for competitive bidding in the auction without exceeding the observed market value.

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

1. Starting price: 200,000 euros.
2. Average hammer price in the past: 460,000 euros.
3. Condition of the coin: 100 (Uncirculated), indicating that it is in excellent condition.
4. Auction history: The coin has been auctioned once before, and it sold for the average hammer price of 460,000 euros.

Given that the coin has a high grade and has demonstrated a good hammer price in the past, it is reasonable to consider that the hammer price could be similar to or even higher than the previous one, especially if there is interest in the current auction.

Estimation of the maximum purchase price:
- Considering the previous average hammer price (460,000 euros) and the fact that the coin is in excellent condition, a maximum purchase price could be in a range between 460,000 and 500,000 euros, depending on the demand in the current auction.

Therefore, an estimated maximum purchase price could be 500,000 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 condition. This generally translates to a higher price compared to coins with lower conditions.

2. Starting Price: The starting price is 900 euros. This is the baseline for the auction.

3. Price History: By looking at previous hammer prices for coins with a similar condition (95), we can see that they have reached hammer prices that vary, but some have gone for 1200 euros or more in recent auctions.

4. Auction Trends: The coin has been auctioned 247 times, with a sales percentage of 84.6% (209 out of 247). This suggests that there is considerable interest in this coin, which may drive up its price in the current auction.

5. Previous Hammer Prices: In past auctions, coins with a condition of 95 have had hammer prices ranging from 650 to 1400 euros, depending on demand and other market factors.

Based on these points, an estimated maximum purchase price for this coin could be between 1200 and 1500 euros, considering that interest in the coin is high and its condition is excellent. However, the final price will depend on the competition in the auction and the willingness of other bidders to pay.

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

1. Current Condition: The coin has a condition of 75 (MBC), which indicates that it is in quite good shape. This generally translates to a higher price compared to coins in lower conditions.

2. Current Starting Price and Previous Prices: The current starting price is 150 euros, and the average hammer price in previous auctions is 156.86 euros. This suggests that the starting price is aligned with the market value.

3. Auction History: The coin has been auctioned 24 times, of which it has sold 23. This indicates high demand and good interest in the coin, which can influence the price.

4. Previous Hammer Prices: Looking at previous hammer prices, there are several examples of prices exceeding 150 euros, especially in similar conditions. For instance, in 2022, a coin with a condition of 75 was sold for 220 euros.

5. Recent Trends: In the most recent auctions, hammer prices have shown a tendency to be higher, which may indicate an increase in demand or in the value of the coin.

Based on these factors, an estimated maximum purchase price could be in the range of 200 to 250 euros. This is based on the current condition, price history, and market trend. However, it is important to note 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 analyze the provided data, especially the previous auction prices and the current condition of the coin.

1. Current Condition: The coin has a condition 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 find that at the auction on 2020-03-12, the coin was auctioned with a starting price of 2200 euros and sold for 8000 euros. This suggests that there is significant potential for a coin in this condition to reach high prices.

3. Current Starting Price: The starting price of 6000 euros is considerably higher than the average starting price of 284.84 euros and the average hammer price of 375.6 euros. This indicates that the auction house has high expectations for this coin.

4. Sales Trends: The coin has been auctioned 95 times, of which it has sold 85 times. This suggests that there is consistent interest in this coin, which may influence its price.

5. Maximum Price Estimation: Given that the coin has a high condition and has reached significant hammer prices in the past, a reasonable maximum purchase price could be 20-30% higher than the starting price, considering the demand and the condition of the coin.

Therefore, an estimated maximum purchase price could be between 7200 and 7800 euros. This is based on the expectation that bidders are willing to pay a premium for the high condition and the historical auction prices.

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 conditions.

2. Starting Price: The starting price is 900 euros, suggesting that the seller expects a considerably high price.

3. Auction History: By observing previous hammer prices for coins with similar conditions (95 and 90), we can see that they have reached hammer prices that vary significantly. For example:
- In December 2019, a coin with a condition of 95 was sold for 320 euros.
- In July 2019, another coin with a condition of 95 sold for 370 euros.
- In December 2021, a coin with a condition of 95 was auctioned for 1100 euros.

4. Price Trends: The average hammer price for similar coins is 92.21 euros, but this may not adequately reflect the value of a coin in as good condition as the one being auctioned.

5. Market Expectations: Given that there are 2 auctions scheduled in the coming days, this may increase competition and, therefore, the final price.

Taking all these factors into account, an estimated maximum purchase price could be between 800 and 1200 euros, considering that the condition is high and there is a history of hammer prices that supports this estimate. However, given the starting price of 900 euros, it is likely that the final price will be closer to this upper range.

Therefore, a reasonable maximum purchase price could be 1200 euros.

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

1. Current Condition: The coin has a condition of 75 (MBC), which indicates that it is in quite good shape. This may positively influence its price.

2. Auction History:
- The average hammer price in previous auctions is 154.36 euros.
- In past auctions, hammer prices have varied, with some reaching up to 280 euros in a recent auction (2023-01-18) for a coin with a condition of 80.
- Most coins with similar conditions (70-80) have had hammer prices ranging between 110 and 180 euros.

3. Starting Price and Estimates:
- The current starting price is 110 euros, which is a good starting point.
- The estimated hammer price for this auction is 150 euros, which is also consistent with the price history.

4. Demand and Supply: Since there have been no unsold coins of this reference in the past, this suggests that there is a steady demand.

Based on these factors, an estimated maximum purchase price could be in the range of 180 to 220 euros, considering that the condition is good and that the price history shows that similar coins have reached higher prices in the past.

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

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 has a condition rating of 95 (EBC+), indicating that it is in very good shape. This generally translates to a higher value compared to coins in lower conditions.

2. Current and Previous Prices: The current starting price is 450 euros. In the past, this coin has had auction prices that vary significantly, but some of the highest prices reached in previous auctions are:
- 270 euros (2017)
- 350 euros (2024)
- 260 euros (2020)

3. Price Trends: Looking at the auction prices of coins with similar conditions (around 90-95), it seems that the price range can be quite broad, but the highest auction prices for coins in similar conditions have been in the range of 250 to 350 euros.

4. Average Auction Price: The average auction price for this coin is 75.81 euros, but this may be influenced by coins in worse conditions.

5. Supply and Demand: Since it will be auctioned in the coming days and there is significant interest (2 scheduled auctions), this could increase competition and, therefore, the price.

Considering all these factors, an estimated maximum purchase price could be in the range of 350 to 450 euros, given that the starting price is 450 euros and the condition is high. However, since the starting price is already 450 euros, it is likely that the final price will not significantly exceed this value unless there is strong competition in the auction.

Maximum Purchase Estimate: 450 euros.