1948-1957, small stockbook, neatly organized with various black and red overprints, including numbers 1-20 completely mint (only number 1 M is gummed despite Schlegel examination), numbers 21-34 completely used (1 DM not included due to a too narrow strike) and subsequently various better values such as numbers 68-70 used on flawless cards. A few unused examples are hinged in the center and accordingly priced, Michel 8,000.-