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Explanations  


Overview of conditions of papers and Rarity Index


All lots are ranked by their condition using the following keys:

UNC: Uncirculated
EF: Extremely fine
VF: Very fine
F: Fine


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Descriptions of all foreign stocks and bonds with a starting price of 500 Euros or more will include a Rarity Index (R1 to R12). This index has been prepared by the auction house according to our best knowledge and research.

Thus, over 80% of the stocks and bonds listed in this catalogue include this new index.

Rarity Index (i.e., number of examples known to us):

R 12 = only this single example known
R 11 = only two examples known
R 10 = 3 - 5 examples
R 9 = 6 - 10 examples
R 8 = 11 - 25 examples
R 7 = 26 - 50 examples
R 6 = 51 - 100 examples
R 5 = 101 - 250 examples
R 4 = 251 - 500 examples
R 3 = 501 - 1000 examples
R 2 = 1001 - 5000 examples
R 1 = more than 5001 examples


 

 

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Latest News:
May, 28 2018:
Results of 113. FHW-Auction now online!
May, 20 2018:
113. FHW Auction at May 26th, 2018 in Munich // Only 6 days left for online bidding!
April, 20 2018:
113. FHW-Auction in Munich! Fantastic location: Paulaner am Nockherberg!
October, 2 2017:
Results of 112. FHW-Auction now online!
September, 26 2017:
112. FHW-Auction at Sept. 30th, 2017 in Frankfurt // Only 4 days left for online bidding!

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