FEDERATION
![Lot 8786](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/48/488605.jpg)
Lot 8786
Opening bid
150
€
110 Pf Catherine from bora, miniature sheet totally with defective or badly placed perforation, mint never hinged, decorative - see photo! (former starting price 200)
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!