KIAUCHAU
![Lot 5369](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/64/649872.jpg)
Auction 169 | Lot 5369
Opening bid
50
€
50 penny brown, steep overprint, outstanding quality form cut out with postmark "TSINGTAU KIAUTSCHOU *a", Michel / Steuer 150,-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!