FEDERATION
![Lot 4211](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/74/743974-0001.jpg)
Lot 4211
Opening bid
500
€
1949 - 1969, (predominantly) mint never hinged and cancelled investors consisted mostly the good 50s, already from the first with numerous good values right up to Michel no. 111 / 12 in strip of three mint never hinged, 113 / 15 pairs mint never hinged (2), 116 (4), 121 / 22 mint never hinged as well used (2), 156 / 59 pairs and single values mint never hinged and 161 upper margin of six souvenir sheet mint never hinged, often in multiples pending 9er souvenir sheets, high quality inventory chronologically sorted in the ring binder
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!