50 Pfennig 190 A Seems Scarce And Or Valuable

MA shop shows that same coin as MS63.
https://www.ma-shops.com/cdma/item.php?id=971193

The coin was grded MS65.
Could you help me to define the value of this coun?

The average silver price per ounce in 2003 was 4,8 $.
That means the value of this coin was listed at 105 ounces of silver.
By using todays silver price at 35 $/ounce, the converted value of this coin is 3600$.

My opinion is that if you factor in the rarity and quality of this coin, the estimated price is over $4000. In 125 years, it is the only coin that has appeared in the listings.

Yes, it is a beautiful coin

Best sell it on a european auction. No toll for the european customers

Evaluation and Market Valuation:

1. Coin Overview & Rarity Assessment:

Coin: 1902A Germany 50 Pfennig - Silver Pattern (SCHAAF-15/G11)
Grade: NGC MS 65 (Gem Uncirculated)

Type: Pattern coin (not regular issue), Schaaf-15/G11 reference.
Metal: Silver
Mint: Berlin (A mintmark)
Population & Rarity: German Imperial pattern issues, especially in high grades, are rare and highly sought after by advanced collectors. The MS 65 grade, particularly with NGC certification, places this coin at the top end of condition rarity for patterns of this era.
2. Market Context & Auction Search:

Spot Prices: Not directly relevant, as this is a numismatic pattern coin with value far exceeding its silver content.
Auction Results (Web Search & PCGS/NGC/Heritage/GreatCollections/eBay):
No recent auction records found for the exact 1902A 50 Pfennig pattern (Schaaf-15/G11) in MS 65.
Patterns from the German Empire, especially in silver and high grade, typically realize substantial premiums. Lower-grade examples (AU to MS 62) have occasionally appeared at European auctions, often fetching £1,200-£2,000 ($1,600-$2,700) depending on eye appeal and rarity.
Comparable patterns (other years/types, MS 63-MS 65) have realized £2,000-£3,500 ($2,700-$4,700) in major European auctions, with exceptional coins exceeding this range, especially if unique or near-unique in grade.
No sales data or population information from NGC or PCGS for this specific pattern in MS 65, suggesting extreme rarity at this grade.
3. Comparable Dealer Listings:

No directly comparable dealer listings found.
Absence of listings underscores the scarcity of this type and grade on the open market.
Related German silver patterns (other denominations or types, MS 64-65) are sometimes offered by European dealers in the £2,500-£4,000 ($3,400-$5,400) range, but these are typically for more common patterns or those with lesser demand.
4. Analysis of Value Drivers:

Rarity: High—pattern coinage, especially with the Schaaf-15/G11 designation, is seldom available and highly collectible.
Grade: MS 65 is likely finest known or among the finest, which commands a significant premium.
Certification: NGC MS 65 adds liquidity and confidence for buyers.
Market Demand: Strong for German Empire patterns, especially in top grades and with clear provenance.
Eye Appeal & Pedigree: Not specifically detailed, but MS 65 implies excellent eye appeal.
5. Ambiguity & Uncertainty:

No recent auction or dealer sale for this exact coin/grade.
Valuation must be inferred from similar patterns and overall market for rare German patterns.
Potential for a wide range, as unique or near-unique patterns in top grade can see significant price swings based on collector interest and auction venue.