**closing Large Deal** Need Values Please!!

high demand coins very rarely go un-noticed or undervalued. ebay often has more exposure than most auction houses and definitely more than a brick and mortar coin store or "asset broker".

NGC (or any other catalog values) have nothing to do with real world realized prices.
if there are multiple sales between $200 and $300 then guess what... that is what they are worth.
I would venture to say that the one listed for $850 has been for sale for a long time.

MAJOR UPDATE ON COIN:
I took the piece into an extremely conservative, knowledgeable, and highly reputable dealer for information. First of all id like to rule out any thoughts that the toning may be caused from an oil/chemical contact...he said that it is day 1 mint condition, and has never been handled. It IS infact an original German mint case, and has not been swapped or paired together. However, he said there are a couple microscopic flaws, that are not visible under loupe(perfect to the naked eye). He rule out the possibility of MS69 & MS70, stating that he believes it would be graded MS67 or MS68. He also did numerous reference checks in paper catalog as well as online. He then atributed the value to being a popular design from the GDR.
He then concluded it was worth between $450-$600 Canadian retail. His exact words to follow were "I'd have no problem buying from you for $350". I suppose that would mean dealer wholesale would be right around $350-$400. His information was very informative and made perfect sence to me...he didnt give me a bias opinion because I told him originally it was not for sale. He actually knows my prosepctive buyer, and will most likely inform him of the meeting & price. Perfect scenario in my situation because its going to take any guess work out of the deal on both ends. I'm waiting to hear back from my buyer, should be soon. I will keep posted the details of the sale.
also, SWAMPERBOB...
it is unfortunate that eye appeal is poor in your opinion but of course, there is no resolution (especially under 100kb) that could ever give the true visual effects that the human eye can see...youd have to be In person...(your welcome to swing by if ever in Cow-Town & see it bud! haha)....I can give the personal opinion that the toning is beautiful, and is beginning to show signs of colour..reds greens and blues...the luster of the coin is almost wet-looking....and as you say toning is "consentrated", I would say its "uniform"
Also, I completely agree with you in the fact I should re-invest in more common currencies and planned to do exactly that. I am looking at a massive inheritance lot that is being offered to me...its very expensive and is going to take a bunch of my capital. This is the primary reason my Martin Luther coin is up for sale...otherwise id love to keep it. It is one of my nicest coins and I actually traded a repectable lot of replacement prefix banknotes for it. As I said...was not cheap at all.

Ohh I get what your saying....
would you recommend that I then put it into a modern capsule? And then possibly a mylar or secondary flip? Thats what I planned on doing I just didnt want to seperate the coin from its case...maybe I can include separately in the sale?..hmm..

Sell it on ebay with a 'buy it now' price guide. In doing this, slabbing to prove your point regarding condition is perhaps needed.

In your description, refer to the highest catalog values for that grade.

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I really do not think a dealer would offer more than half of a lower catalog value for the grade. He will naturally tell you a lower grade, so he can buy it for stock more cheaply, and only then if he needs it for his business.

I would estimate that a dealer would offer something like $200, if he needs it.

He HAS to make a profit on it, and hope that a knowledeable buyer comes along for a sale to be made at something like $400, so the new buyer feels that he has the coin at a reasonable price. That new buyer may never turn up, so the dealer has $200 tied up on a hard to move item.

Some remarks on the discussion about this piece.

1. Slabbing of the piece: in general in Europe, there is little interest in slabbed coins. I have heard numerous cases in which slabs were opened for European customers...
2. Rarety of the piece: based on the minting figures (45000 pieces), this coin is quite rare. However, other coins with similar minting figures are only worth around 100 USD in uncirculated condition.
3. Theme of the coin: Martin LUther is ofcourse a well known person that laid the foundation of all protestant churches, including hiw own (The Lutherans). Therefore it can be concluded that the interest in this piece is not only a numismatic interest, but also a religious interest. Combination of low mintage with heavy religious interest can cause pricing to go sky high!

For best sale, I would recommend not to sell it locally but to put it up on ebay Germany. I would than expect sale results aroung 600 USD.

45,000 is rare ?!?!

I have "world coins" with mintages near 4,000 that can be had for $10.00 (even though the catalog says $120).

regardless, rare doesn't automatically mean valuable.

I honestly don't think the religious factor really plays here. it's a really narrow market - that is all that matters.

Also I'm curious as to what coins you are referring to with 4,000 mint at $10....id love to purchase a few as that is an incredible deal in my mind. I'm always a fan of the rare and scarcely produced coins of the world and 4,000 would be a first for me...