FEDERATION
![Lot 4262](https://auktion.reinhardfischerauktionen.de/media/cache/resolve/lot_main/no-photo.jpg)
Lot 4262
Opening bid
100
€
1949-53, complete without posthorn in in total neat condition (circle date stamp and nearly always well perforated), Michel 1.426.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!