FEDERATION
![Lot 8663](https://auktion.reinhardfischerauktionen.de/media/cache/resolve/lot_main/52/526282.jpg)
Auction 172 | Lot 8663
Opening bid
50
€
30 Pf. Röntgen watermarked Z in perfect condition mint never hinged, expertized Schlegel BPP, Michel 320,--
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!