3 to 50 Pfennig Government Officials without watermark, complete used set including the rare and sought-after 50 Pfennig, perfect condition, 50 Pfennig with photo opinion Schlegel BPP (2022) "faultless", Mi. 1300.-, which is puzzling since the 50 Pf. alone is valued at 1400,-. Michel is certainly undervalued; we have not seen a genuinely used 50 Pfg. for a long time!