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Bernard,
Technically, you are correct.
KBN (Karl Bub, Nurnberg) was one of the oldest toy companies in the world, producing tinplate and lead-cast toys since the late 19th century.
The Bub set was never a popular toy in the 1950's, because it lacked the "racing" factor in slot car racing...

Here is an example of an older Karl Bub toy produced in 1913:

Wheel Tire Vehicle Car Automotive tire


This one, you have to wind up with a key!
 

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