FEDERATION
![Lot 6900](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/64/645564.jpg)
Lot 6900
Opening bid
45
€
1951, 50 penny posthorn from upper margin. Unfolded. Perfect mint never hinged, upper margin a little creasely.
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!