154Prussia. Frederick William IV, 1840–1861.
Gold medal in the weight of 50 ducats
commemorating the publication of the second volume
of Alexander von Humboldt’s *Kosmos*.
NGC MS 65 PL.
From the estate of Emperor William I.
Estimate: 40.000 Euro

166Prussia. Frederick William IV, 1840–1861.
Gold medal in the weight of 50 ducats commemorating
the unveiling of the equestrian statue of
Frederick the Great on Unter den Linden in Berlin in 1851.
NGC MS 63 PL.
From the estate of Emperor William I.
Estimate: 25.000 Euro

191Prussia. William I, 1861–1888.
General’s Medal in the weight of 120 ducats, 1871,
commemorating the victory over France.
A magnificent specimen.
From the estate of Emperor William I.
Estimate: 75.000 Euro

297Russia. Nicholas I, 1825–1855. Family ruble.
1 1/2 rubles (10 zlotys), 1835, St. Petersburg.
NGC MS 64 (Top Pop).
Only 36 examples struck.
A cabinet piece from polished dies.
From the estate of King Frederick William IV.
Estimate: 250.000 Euro

1098Holland. Province.
5 ducats, 1681.
Struck with the dies of a guilder.
NGC PF 64 Cameo.
Proof.
Estimate: 40.000 Euro

1192HRE. Ferdinand II, 1592–1618–1637.
5 ducats, 1634, Vienna.
Extremely rare.
Extremely fine-uncirculated.
Estimate: 10.000 Euro

1266HRE. Vienna.
Salvator Medal in the weight of 12 ducats,
n. d.(around 1840).
NGC PF 61 CAMEO.
Proof.
Estimate: 15.000 Euro

1334City of Regensburg.
5 ducats, n. d. (1708–1710),
with the title of Joseph I. NGC MS 64.
Extremely rare. According to mint records,
only 7 copies struck.
A magnificent piece.
Estimate: 25.000 Euro

1602German New Guinea.
10 New Guinea Marks, 1895 A.
NGC MS 65.
A magnificent piece.
Estimate: 50.000 Euro

2757Saxony.
John Frederick the Magnanimous and
Maurice, 1541–1547.
Trinity Medal, 1544.
A masterpiece of German medal art. Magnificent,
excellent craftsmanship.
Estimate: 75.000 Euro


Archive: People and Markets

Decline in Print Business: MDM Announces Job Cuts

According to a report in the Braunschweiger Zeitung, a German local newspaper, MDM Münzhandelsgesellschaft, a subsidiary of the Borek Group in Brunswick, is about to reduce its workforce. The decision to take this step is based on substantial drops in revenues, which were primarily caused by a shift in customer interest towards online trading and a reduction in the relevance of the print business after the Covid time.

Bad news from Brunswick: MDM is apparently preparing to reduce its workforce. Collage: Canva / Wieschowski.

MDM is apparently preparing to reduce its workforce. Collage: Canva.

A company spokeswoman told the local newspaper that the job cuts were necessary to ensure the sustainability of the MDM Group. Exact figures on the number of redundancies were not published. The company currently has 600 employees.

In its article, the Braunschweiger Zeitung gives a voice to an employee who wishes to remain anonymous and refers to an investment of 27 million euros in a new office building. The employee speaks of problematic changes such as short-term dismissals of company agreements and salary cuts as well as warnings for trivialities. There is a great deal of uncertainty among the employees, who are demanding more clarity about the future of the company.

According to the report, the company is in negotiations with the works council in order to make the job cuts as socially acceptable as possible. A social plan is currently being drawn up to regulate how economic disadvantages for the affected employees can be mitigated. According to the Braunschweiger Zeitung, MDM is also planning to prevent a further downturn by reorganising sales and developing new products.

Nothing more to miss!

subscribe our newsletter here