FEDERATION
![Lot 7825](https://auktion.reinhardfischerauktionen.de/media/cache/resolve/lot_main/no-photo.jpg)
Lot 7825
Opening bid
500
€
1949 - 2011, mint never hinged (Michel -no. 123 / 38 partly unused) and cancelled collection, in both conditions complete, accommodated in ten albums, two boxes filling.
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!