50 Highlights Teil 2 der 64. Auktion für Historische Wertpapiere Part 2 of the 64th Auction for Old Stocks and Bonds

5 Abkürzungen / Abbreviations Abkürzungen und ihre Bedeutung: Abb. = Abbildung = Picture AG = Aktiengesellschaft = Joint-stock company Faks . = Faksimile-Unterschrift = printed signature Nr. = # = Nummer = number o. D. = ohne Datum = without date o. Nr. = ohne Nummer = without number RM = Reichsmark = reichsmark (old German Currency) OU = Original-Unterschrift = original signature KB = Kuponbogen = all coupons KR = Kuponreste = rest of coupons DB = Doppelplatt = double sheet of paper RB = Reichsbankschatz = Reichsbank Hort Maße: Alle Maße sind in cm in der Form Höhe mal Breite angegeben. All measures mean hight x width (1 cm = 0,3937 inch). Erhaltungsgrade: UNC = uncirculated, neuwertig, vollständig erhalten, ungefaltet, außer zwischen Mantel und Kuponbogen, Papier sauber (ohne Flecken), ungelocht usw. EF = extremely fine, außerordentlich fein, fast neuwertig, vorzüg- licher Zustand, sehr leichte Gebrauchsspuren, im Mantel höchstens einmal gefaltet (dies darf nicht zu streng genommen werden, denn da die meisten US-Bonds großformatig sind, wurden sie auf Westentaschenformat gefaltet, dies stellt aber keine Wertminderung dar). VF = very fine, sehr fein, gefaltet, mittlere Gebrauchsspuren, schwach gefleckt, kleinere Randeinrisse, Klammerlochungen usw. F = fine, stärkere Gebrauchsspuren, mehrmals gefaltet, mäßig starke Flecken, leichte Risse sowie kleinere Fehlstellen in der Falz möglich usw. Introduction We welcome you to our journey through four centuries of financial history. In this catalogue at hand we present the 50 finest, most interesting, for the economic development most im- portant and rarest stocks and bonds of our auction. „Nothing is more constant than change,“ as the saying goes. And when, in times of globali- zation and de-globalisation, digitalisation and artificial intelligence (or stupidity?), we hear again and again that change is a great danger today, then a look back often helps us to better understand what is being said. Yes, we must be careful that change does not overtake us. This is what happened to Johann Ludwig Schmidt from the then Holstein-Danish town of Altona. On March 18, 1838, his telegraph line from Hamburg via Altona to Cuxhaven was opened. Just four years later, it became apparent how beneficial this innovation was, as fire departments from the surroun- ding area could be alerted more quickly during the Hamburg fire of 1842 and prevented even greater damage. When American businessmen presented the electromagnetic telegraph in 1847, which had clear advantages, Schmidt opposed it, with disastrous consequences: Just ten months later, his company had to go out of business and he lost his entire fortune. But not every innovation makes the breakthrough (immediately). The ingenious inventor Nikola Tesla was already dreaming of wireless lighting, wireless power distribution and the possibility of wireless communication with his devices at the end of the 19th century. What would he, who was often very short of money in the following decades, think about all the possibilities that exist today? Not only in business life, but also in sports there is permanent change. A good examp- le is the Männer-Turn-Verein München, today’s MTV München von 1879 e. V. It was founded by four gymnasts who no longer felt comfortable at the Turn- und Sportverein München (later TSV 1860 München). Almost 21 years later, eleven members left a meeting of the soccer department of MTV München after an argument about the further development of the department and founded FC Bayern München the same evening. Permanent change is part of our lives. Let us accept it as a mandate to shape it. Let us look ahead and seize the opportunities that change offers. Our old stock and bond certificates, and the stories they tell, may give us new inspiration and courage to do so again and again. I invite you to embark on a journey through eight centuries of financial history. Look for parallels to today’s situation. Discover how the entrepreneurs of that time mastered the crises and why others failed. The auction of the 50 highlights will take place on September 9th, 2023, starting at 4.00 p.m. in Zorneding. Use this unique opportuni- ty and write your own chapter of financial history. Sincerely yours, Matthias Schmitt Founder‘s Share of Hamburg-Altonaer Telegraphen-Linie from 1838. The Nikola Tesla Company owned the patents of the great inventor Nikola Tesla.