In 1881 Ernst Paul Lehmann, an inventor, established a company in Brandenburg, Germany to employ his metal fabricating techniques in Brandenburg.
1910 Lehmann’s patented metal toys, like the honking Tut Tut car and spring-powered Ikarus airplane, make his company, “Ernst Paul Lehmann Patentwerk”, famous around the world.
1921 Lehmann’s cousin, Johannes Richter, joins the company as a partner and builds on his uncle’s reputation with patented toys like the ingenious Skirolf skier.
1948 The East Germany government seizes the family firm. Richter flees with his family to Nürnberg in the west and restarts the company with the help of his young sons, Eberhard and Wolfgang.
1968 The brothers unveil the company’s boldest invention: LGB--The Big Train. These “G” scale models are the world’s first production model trains engineered for outdoor and indoor use.
1984 The first LGB model of an American prototype train, the Mogul steam loco, is introduced. The model ignites the explosive growth of garden railroading in North America.
1987 LGB of America opens in San Diego to provide warranty and repair service to LGB customers in North America.
1995 The company introduces the “LGB Multi-Train System,” a digital system allowing multiple trains to operate on the same track at the same time. The first official LGB web site is also launched.
1996 LGB of America hosts the largest-ever convention of North American LGB owners.
1997 LGB of America opens a distribution facility in New Jersey to speed shipments of new LGB products to consumers.
1998 More than 45,000 LGB fans from around the world come to Nürnberg to celebrate the 30th birthday of LGB trains.
2006 LGB of America becomes an independent company offering LGB trains along with other quality products.
What's it worth? Take a look at this Lgb price guide: sold listings for a value indication.