Peter and Lisbeth are two young but unfortunate lovers living in a rigid rural community in the Black Forest. She comes from a wealthy family of glassblowers; he is a poor coal worker on the lower end of society. To become rich and respected, Peter makes a pact with a devil named Dutch Michael, who rips out his heart and replaces it with a stone. Robbed of all warmth and feeling, Peter becomes a cold-hearted go-getter who rapidly achieves his goals. Ruthlessly he strives for money and power.

Lavish adaptation of Wilhelm Hauff′s fairy tale: Young charburner Peter Munk dreams of joining the upper class. He makes a deal with the sinister Holländer-Michel, who offers to trade Peter′s human heart for one made of stone. Once he has the "cold heart" in his body, Peter eventually strikes a fortune and enjoys great wealth, but at the same time, he becomes a bitter and emotionless man – and, having lost all traces of humanity, even murders his wife Lisbeth. Only then does Peter Munk finally realize what has become of him, and he decides to regain his real heart from Holländer-Michel.

Penniless Peter Munk toils day after day as a charcoal burner in the Black Forest. In order to finally achieve the wealth he longs for and thus get closer to his previously unattainable crush Lisbeth, he turns to two mysterious forest spirits with his wishes. While the cranky little glass man can't really help him, the sinister Dutchman-Michel promises him an end to his financial worries. However, he demands Peter's heart in return and puts a cold stone in his chest instead. Although he can now afford everything and finally take Lisbeth as his wife, Peter no longer has any compassion, which soon has devastating consequences not only for himself but also for his fellow human beings.

The black forest in the 19th century. A magic place with ghosts, good and bad, living in it. Peter Munk is a poor but goodhearted young man, desperately wishing to be rich. Tempted by the evil ghost of the woods, he trades his warm heart for a heart of stone. He becomes rich but turns into a merciless and cruel man. Is there still hope for him?!

A poor and lonely coal seller trades his heart to a demon of the forest, hoping to improve his condition. It won't be long before the consequences of his actions catch up to him.