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