AI Recommendation
To estimate a maximum purchase price for the coin in question, let's consider the following factors:
1. Starting price: 500 euros.
2. Current condition: 70 (VG-), which is good condition, although not the best.
3. Auction history: The coin has been auctioned 2 times in the past, and both times it has sold. The average hammer price in the past was 1600 euros, indicating significant interest in this coin.
4. Previous hammer price: In the June 2021 auction, the coin was estimated at 1500 euros and sold for 1800 euros, suggesting there is potential for price increase depending on demand.
Given that the current condition is slightly lower than that of the previous auction (70 vs. 75), and considering that the average hammer price is 1600 euros, a reasonable maximum purchase price could be in the range of 1200 to 1400 euros. This would allow for competitive bidding in the auction without exceeding the historical value of the coin.
Therefore, an estimated maximum purchase price could be 1300 euros.