BAVARIA
![Lot 1107](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/65/652591.jpg)
Lot 1107
Opening bid
500
€
5 M. Coat of arms on dull yellowish white paper, watermark vertical waved lines, horizontal block of 15 with left lower corner of the sheet and plate. No. "37", in perfect condition mint never hinged, unsigned, in the left margin minimal creasely, scarce and decorative large unit, Michel 2.780.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!