BELGIUM
![Lot 2312](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/72/723814.jpg)
Auction 195 | Lot 2312
Opening bid
40
€
1 Franc 25 Centimes on 1 Mark, perfect mint never hinged. Michel 200.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!