FEDERATION
![Lot 3864](https://auktion.reinhardfischerauktionen.de/media/cache/resolve/lot_main/no-photo.jpg)
Lot 3864
Opening bid
50
€
1952 - 1954, Michel number 161 \"Philipp rice\", 27 values used and Michel number 200 / 203 \"welfare 1954\", two cancelled sets, Michel 596.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!