FEDERATION
![Lot 4778](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/69/695498.jpg)
Lot 4778
Opening bid
800
€
10 penny \"Europe issue\", variety \"inverse watermark\", cancelled by Flags stamp for the Munich October festival, photo expertize Andreas Schlegel BPP: \"the quality is perfect. \", Michel 4.000.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!