Germany - Federal Republic Pfennig KM# 105

1986J

Germany - Federal Republic Pfennig obverse

Germany - Federal Republic Pfennig reverse

Specifications

Composition: Copper Plated Steel

Weight: 2.0000g

Diameter: 16.5mm

Design

Obverse: Five oak leaves, date below

Obverse Legend: BUNDESREPUBLIK DEUTSCHLAND

Reverse: Denomination

Numismatic specification data and valuation estimates provided by Active Interest Media’s NumisMaster.
Find more coin values at NumisMaster.com
Price Guide

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Year/Mint
Denom Mintage
$
1950D
Pfennig 772,592,000 $
1950F
Pfennig 898,277,000 $
1950F Proof
Pfennig 620 $
1950G
Pfennig 515,673,000 $
1950G Proof
Pfennig 1,800 $
1950J
Pfennig 784,424,000 $
1950J Proof
Pfennig $
1966D
Pfennig 65,063,000 $
1966F
Pfennig 75,031,000 $
1966F Proof
Pfennig 100 $
Year/Mint
Denom Mintage
$
1966G
Pfennig 48,261,000 $
1966G Proof
Pfennig 3,070 $
1966J
Pfennig 66,842,000 $
1966J Proof
Pfennig 1,000 $
1967D
Pfennig 39,082,000 $
1967F
Pfennig 45,003,000 $
1967F Proof
Pfennig 1,500 $
1967G
Pfennig 20,787,000 $
1967G Proof
Pfennig 4,500 $
1967J
Pfennig 42,583,000 $
Year/Mint
Denom Mintage
$
1967J Proof
Pfennig 1,500 $
1968D
Pfennig 32,796,999 $
1968F
Pfennig 26,338,000 $
1968F Proof
Pfennig 3,000 $
1968G
Pfennig 20,382,000 $
1968G Proof
Pfennig 6,023 $
1968J
Pfennig 23,414,000 $
1968J Proof
Pfennig 2,000 $
1969D
Pfennig 78,177,000 $
1969F
Pfennig 90,172,000 $
Year/Mint
Denom Mintage
$
1969F Proof
Pfennig 5,100 $
1969G
Pfennig 61,836,000 $
1969G Proof
Pfennig 8,700 $
1969J
Pfennig 80,221,000 $
1969J Proof
Pfennig 5,000 $
1970 Large J
Pfennig $
1970 Small J
Pfennig 93,455,000 $
1970D
Pfennig 91,151,000 $
1970F
Pfennig 105,236,000 $
1970F Proof
Pfennig 5,240 $
Year/Mint
Denom Mintage
$
1970G
Pfennig 82,421,000 $
1970G Proof
Pfennig 10,200 $
1970J
Pfennig $
1970J Proof
Pfennig 5,000 $
1971D
Pfennig 116,612,000 $
1971D Proof
Pfennig 8,000 $
1971F
Pfennig 157,393,000 $
1971F Proof
Pfennig 8,000 $
1971G
Pfennig 77,674,000 $
1971G Proof
Pfennig 10,200 $
Year/Mint
Denom Mintage
$
1971J
Pfennig 120,218,000 $
1971J Proof
Pfennig 8,000 $
1972D
Pfennig 90,696,000 $
1972D Proof
Pfennig 8,000 $
1972F
Pfennig 105,006,000 $
1972F Proof
Pfennig 8,000 $
1972G
Pfennig 60,660,000 $
1972G Proof
Pfennig 10,000 $
1972J
Pfennig 93,492,000 $
1972J Proof
Pfennig 8,000 $
Year/Mint
Denom Mintage
$
1973D
Pfennig 38,976,000 $
1973D Proof
Pfennig 9,000 $
1973F
Pfennig 45,006,000 $
1973F Proof
Pfennig 9,000 $
1973G
Pfennig 25,811,000 $
1973G Proof
Pfennig 9,000 $
1973J
Pfennig 40,057,000 $
1973J Proof
Pfennig 9,000 $
1974D
Pfennig 90,951,000 $
1974D Proof
Pfennig 35,000 $
Year/Mint
Denom Mintage
$
1974F
Pfennig 105,091,000 $
1974F Proof
Pfennig 35,000 $
1974G
Pfennig 60,548,000 $
1974G Proof
Pfennig 35,000 $
1974J
Pfennig 93,527,000 $
1974J Proof
Pfennig 35,000 $
1975D
Pfennig 91,053,000 $
1975D Proof
Pfennig 43,000 $
1975F
Pfennig 105,007,000 $
1975F Proof
Pfennig 43,000 $
Year/Mint
Denom Mintage
$
1975G
Pfennig 60,704,000 $
1975G Proof
Pfennig 43,000 $
1975J
Pfennig 93,495,000 $
1975J Proof
Pfennig 43,000 $
1976D
Pfennig 130,227,000 $
1976D Proof
Pfennig 43,000 $
1976F
Pfennig 150,037,000 $
1976F Proof
Pfennig 43,000 $
1976G
Pfennig 86,586,000 $
1976G Proof
Pfennig 43,000 $
Year/Mint
Denom Mintage
$
1976J
Pfennig 133,500,000 $
1976J Proof
Pfennig 43,000 $
1977D
Pfennig 143,000,000 $
1977D Proof
Pfennig 52,000 $
1977F
Pfennig 165,000,000 $
1977F Proof
Pfennig 51,000 $
1977G
Pfennig 95,201,000 $
1977G Proof
Pfennig 51,000 $
1977J
Pfennig 146,788,000 $
1977J Proof
Pfennig 51,000 $
Year/Mint
Denom Mintage
$
1978D
Pfennig 156,000,000 $
1978D Proof
Pfennig 54,000 $
1978F
Pfennig 180,000,000 $
1978F Proof
Pfennig 54,000 $
1978G
Pfennig 103,800,000 $
1978G Proof
Pfennig 54,000 $
1978J
Pfennig 160,200,000 $
1978J Proof
Pfennig 54,000 $
1979D
Pfennig 156,000,000 $
1979D Proof
Pfennig 89,000 $
Year/Mint
Denom Mintage
$
1979F
Pfennig 180,000,000 $
1979F Proof
Pfennig 89,000 $
1979G
Pfennig 103,800,000 $
1979G Proof
Pfennig 89,000 $
1979J
Pfennig 160,200,000 $
1979J Proof
Pfennig 89,000 $
1980D
Pfennig 200,080,000 $
1980D Proof
Pfennig 110,000 $
1980F
Pfennig 200,620,000 $
1980F Proof
Pfennig 110,000 $
Year/Mint
Denom Mintage
$
1980G
Pfennig 71,940,000 $
1980G Proof
Pfennig 110,000 $
1980J
Pfennig 143,110,000 $
1980J Proof
Pfennig 110,000 $
1981D
Pfennig 169,550,000 $
1981D Proof
Pfennig 91,000 $
1981F
Pfennig 274,010,000 $
1981F Proof
Pfennig 91,000 $
1981G
Pfennig 178,010,000 $
1981G Proof
Pfennig 91,000 $
Year/Mint
Denom Mintage
$
1981J
Pfennig 189,090,000 $
1981J Proof
Pfennig 91,000 $
1982D
Pfennig 130,090,000 $
1982D Proof
Pfennig 78,000 $
1982F
Pfennig 108,390,000 $
1982F Proof
Pfennig 78,000 $
1982G
Pfennig 77,740,000 $
1982G Proof
Pfennig 78,000 $
1982J
Pfennig 124,720,000 $
1982J Proof
Pfennig 78,000 $
Year/Mint
Denom Mintage
$
1983D
Pfennig 46,800,000 $
1983D Proof
Pfennig 75,000 $
1983F
Pfennig 54,000,000 $
1983F Proof
Pfennig 75,000 $
1983G
Pfennig 31,140,000 $
1983G Proof
Pfennig 75,000 $
1983J
Pfennig 48,060,000 $
1983J Proof
Pfennig 75,000 $
1984D
Pfennig 58,500,000 $
1984D Proof
Pfennig 64,000 $
Year/Mint
Denom Mintage
$
1984F
Pfennig 67,500,000 $
1984F Proof
Pfennig 64,000 $
1984G
Pfennig 38,900,000 $
1984G Proof
Pfennig 64,000 $
1984J
Pfennig 60,100,000 $
1984J Proof
Pfennig 64,000 $
1985D
Pfennig 19,500,000 $
1985D Proof
Pfennig 56,000 $
1985F
Pfennig 22,500,000 $
1985F Proof
Pfennig 54,000 $
Year/Mint
Denom Mintage
$
1985G
Pfennig 13,000,000 $
1985G Proof
Pfennig 55,000 $
1985J
Pfennig 20,000,000 $
1985J Proof
Pfennig 54,000 $
1986D
Pfennig 39,000,000 $
1986D Proof
Pfennig 44,000 $
1986F
Pfennig 45,000,000 $
1986F Proof
Pfennig 44,000 $
1986G
Pfennig 25,900,000 $
1986G Proof
Pfennig 44,000 $
Year/Mint
Denom Mintage
$
1986J
Pfennig 40,100,000 $
1986J Proof
Pfennig 44,000 $
1987D
Pfennig 6,500,000 $
1987D Proof
Pfennig 45,000 $
1987F
Pfennig 7,500,000 $
1987F Proof
Pfennig 45,000 $
1987G
Pfennig 4,330,000 $
1987G Proof
Pfennig 45,000 $
1987J
Pfennig 6,680,000 $
1987J Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1988D
Pfennig 52,000,000 $
1988D Proof
Pfennig 45,000 $
1988F
Pfennig 60,000,000 $
1988F Proof
Pfennig 45,000 $
1988G
Pfennig 34,600,000 $
1988G Proof
Pfennig 45,000 $
1988J
Pfennig 53,400,000 $
1988J Proof
Pfennig 45,000 $
1989D
Pfennig 104,000,000 $
1989D Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1989F
Pfennig 120,000,000 $
1989F Proof
Pfennig 45,000 $
1989G
Pfennig 69,200,000 $
1989G Proof
Pfennig 45,000 $
1989J
Pfennig 106,800,000 $
1989J Proof
Pfennig 45,000 $
1990D
Pfennig 169,000,000 $
1990D Proof
Pfennig 45,000 $
1990F
Pfennig 195,000,000 $
1990F Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1990G
Pfennig 112,450,000 $
1990G Proof
Pfennig 45,000 $
1990J
Pfennig 173,550,000 $
1990J Proof
Pfennig 45,000 $
1991A
Pfennig 260,000,000 $
1991A Proof
Pfennig 45,000 $
1991D
Pfennig 273,000,000 $
1991D Proof
Pfennig 45,000 $
1991F
Pfennig 312,000,000 $
1991F Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1991G
Pfennig 182,000,000 $
1991G Proof
Pfennig 45,000 $
1991J
Pfennig 273,000,000 $
1991J Proof
Pfennig 45,000 $
1992A
Pfennig 40,000,000 $
1992A Proof
Pfennig 45,000 $
1992D
Pfennig 42,000,000 $
1992D Proof
Pfennig 45,000 $
1992F
Pfennig 48,000,000 $
1992F Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1992G
Pfennig 28,000,000 $
1992G Proof
Pfennig 45,000 $
1992J
Pfennig 42,000,000 $
1992J Proof
Pfennig 45,000 $
1993A
Pfennig 40,000,000 $
1993A Proof
Pfennig 45,000 $
1993D
Pfennig 42,000,000 $
1993D Proof
Pfennig 45,000 $
1993F
Pfennig 48,000,000 $
1993F Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1993G
Pfennig 28,000,000 $
1993G Proof
Pfennig 45,000 $
1993J
Pfennig 42,000,000 $
1993J Proof
Pfennig 45,000 $
1994A
Pfennig 100,000,000 $
1994A Proof
Pfennig 45,000 $
1994D
Pfennig 105,000,000 $
1994D Proof
Pfennig 45,000 $
1994F
Pfennig 120,000,000 $
1994F Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1994G
Pfennig 70,000,000 $
1994G Proof
Pfennig 45,000 $
1994J
Pfennig 105,000,000 $
1994J Proof
Pfennig 45,000 $
1995A
Pfennig 100,000,000 $
1995A Proof
Pfennig 45,000 $
1995D
Pfennig 105,000,000 $
1995D Proof
Pfennig 45,000 $
1995F
Pfennig 120,000,000 $
1995F Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1995G
Pfennig 70,000,000 $
1995G Proof
Pfennig 45,000 $
1995J
Pfennig 105,000,000 $
1995J Proof
Pfennig 45,000 $
1996A
Pfennig 80,000,000 $
1996A Proof
Pfennig 45,000 $
1996D
Pfennig 84,000,000 $
1996D Proof
Pfennig 45,000 $
1996F
Pfennig 96,000,000 $
1996F Proof
Pfennig 45,000 $
Year/Mint
Denom Mintage
$
1996G
Pfennig 56,000,000 $
1996G Proof
Pfennig 45,000 $
1996J
Pfennig 84,000,000 $
1996J Proof
Pfennig 45,000 $
1997A Proof
Pfennig 45,000 $
1997A Sets only
Pfennig 70,000 $
1997D Proof
Pfennig 45,000 $
1997D Sets only
Pfennig 70,000 $
1997F Proof
Pfennig 45,000 $
1997F Sets only
Pfennig 70,000 $
Year/Mint
Denom Mintage
$
1997G Proof
Pfennig 45,000 $
1997G Sets only
Pfennig 70,000 $
1997J Proof
Pfennig 45,000 $
1997J Sets only
Pfennig 70,000 $
1998A Proof
Pfennig 45,000 $
1998A Sets only
Pfennig 70,000 $
1998D Proof
Pfennig 45,000 $
1998D Sets only
Pfennig 70,000 $
1998F Proof
Pfennig $
1998F Sets only
Pfennig 70,000 $
Year/Mint
Denom Mintage
$
1998G Proof
Pfennig 45,000 $
1998G Sets only
Pfennig 70,000 $
1998J Proof
Pfennig 45,000 $
1998J Sets only
Pfennig 70,000 $
1999A Proof
Pfennig 45,000 $
1999A Sets only
Pfennig 70,000 $
1999D Proof
Pfennig 45,000 $
1999D Sets only
Pfennig 70,000 $
1999F Proof
Pfennig $
1999F Sets only
Pfennig 70,000 $
Year/Mint
Denom Mintage
$
1999G Proof
Pfennig 45,000 $
1999G Sets only
Pfennig 70,000 $
1999J Proof
Pfennig 45,000 $
1999J Sets only
Pfennig 70,000 $
2000A Proof
Pfennig 45,000 $
2000A Sets only
Pfennig 20,000 $
2000D Proof
Pfennig 45,000 $
2000D Sets only
Pfennig 20,000 $
2000F Proof
Pfennig 45,000 $
2000F Sets only
Pfennig 20,000 $
Year/Mint
Denom Mintage
$
2000G Proof
Pfennig 45,000 $
2000G Sets only
Pfennig 20,000 $
2000J Proof
Pfennig 45,000 $
2000J Sets only
Pfennig 20,000 $
2001A Proof
Pfennig 78,000 $
2001A Sets only
Pfennig 130,000 $
2001D Proof
Pfennig 78,000 $
2001D Sets only
Pfennig 130,000 $
2001F Proof
Pfennig 78,000 $
2001F Sets only
Pfennig 130,000 $
Year/Mint
Denom Mintage
$
2001G Proof
Pfennig 78,000 $
2001G Sets only
Pfennig 130,000 $
2001J Proof
Pfennig 78,000 $
2001J Sets only
Pfennig 130,000 $
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------27.50-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------5.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------12.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------35.00-------
PrAgGVGFVFXF505355586061626364656667686970
0.05----0.10----3.00--5.00-------
-------------4.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------8.00-------
0.05---0.102.00----5.00--9.00-------
0.05---0.101.50----4.00--8.00-------
-------------6.00-------
0.05---0.204.50----12.00--17.00-------
-------------3.50-------
0.05---0.101.50----4.00--8.00-------
PrAgGVGFVFXF505355586061626364656667686970
-------------8.00-------
0.05---0.101.50----3.50--7.00-------
0.05---0.101.50----3.50--7.00-------
-------------5.00-------
0.05---0.101.50----4.00--8.00-------
-------------4.00-------
0.05---0.101.50----4.00--8.00-------
-------------6.50-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
PrAgGVGFVFXF505355586061626364656667686970
-------------1.50-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.30-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.50-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.50-------
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.50-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------1.00-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.70-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.70-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
-------------0.80-------
PrAgGVGFVFXF505355586061626364656667686970
0.050.050.050.050.050.050.050.050.050.050.050.100.200.300.400.500.751.005.00--
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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PrAgGVGFVFXF505355586061626364656667686970
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Melt Value = "¤"

The World Coin Price Guide was independently compiled by Active Interest Media’s NumisMaster. In some cases, NGC has made adjustments or edits to the prices, descriptions and specifications. NGC makes the World Coin Price Guide available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.