Estimate: 20.000 $Ancients:
MACEDONIAN KINGDOM.
Alexander III the Great (336-323 BC).
AV distater (22mm, 17.22 gm, 10h).
NGC Choice AU 5/5 - 4/5.
31002
Estimate: 15.000 $Ancients:
MACEDONIAN KINGDOM.
Alexander III the Great (336-323 BC).
AV distater (21mm, 17.20 gm, 7h).
NGC AU 5/5 - 3/5, Fine Style, edge cut.
31004
Estimate: 15.000 $Ancients:
BITHYNIA.
Cius. Ca. 350-300 BC.
AV stater (18mm, 8.56 gm, 12h).
NGC Choice XF 5/5 - 4/5.
31012
Estimate: 10.000 $Ancients:
Augustus (27 BC-AD 14).
AR cistophorus (25mm, 11.70 gm, 2h).
NGC Choice AU 5/5 - 2/5, Fine Style, brushed.
31028
Estimate: 15.000 $Ancients:
Claudius I (AD 41-54).
AV aureus (19mm, 7.90 gm, 5h).
NGC Choice AU★ 5/5 - 4/5, light marks.
31032
Estimate: 7.500 $Armenia:
Cilician Armenia.
Gosdantin I 2 Tram ND (1298-1299)
MS61 NGC
31053
Estimate: 10.000 $France:
Louis XV
gold "Louis XVI & Marie Antoinette Marriage"
Medal 1770-Dated MS62 NGC
31061
Estimate: 50.000 $Great Britain:
Elizabeth I (1558-1603)
gold "Ship" Ryal of 15 Shillings ND (1584-1586)
MS63 NGC
31074
Estimate: 75.000 $Great Britain:
Victoria gold Proof
"Una and the Lion"
5 Pounds 1839
PR62 Deep Cameo PCGS
31087
Estimate: 20.000 $Jamaica:
British Colony. George II
gold Counterstamped
8 Escudos (Doubloon) ND (c. 1773)
XF45 NGC
31105


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.

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