FEDERATION
![Lot 9025](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/52/523373.jpg)
Lot 9025
Opening bid
40
€
8 to 30 Pf. welfare 1952 with 20 Pf. upper margin copy type I, 5 values complete mint never hinged, Michel 155.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!