AI Recommendation
To estimate a maximum purchase price for the coin in question, we will consider several factors:
1. Condition of the coin: The coin to be auctioned has a condition rating of 90 (EBC), indicating that it is in very good condition. This generally translates to a higher price compared to coins with lower condition ratings.
2. Price history: By looking at previous auction prices for coins with a similar condition (90), we find that they have sold for prices that varied considerably in the past. For example:
- In 2019, a coin with a condition of 90 sold for 2000 euros.
- In 2020, another coin with a condition of 90 sold for 500 euros.
- In 2022, a coin with a condition of 85 sold for 1100 euros.
3. Starting price and average hammer price: The current starting price is 700 euros, and the average hammer price in previous auctions is 632.55 euros. This suggests that the starting price is reasonable and could attract bidders.
4. Market trends: Given that the coin has a history of successful sales and has reached high prices in the past, it is reasonable to assume that interest in this coin could be high, especially if the condition is good.
Based on these factors, an estimated maximum purchase price could be in the range of 1000 to 1500 euros, considering that the highest hammer price in the past was 2000 euros, but also taking into account that the average hammer price is significantly lower.
Therefore, a reasonable maximum purchase price could be 1200 euros.