1923 / 1932, Weimarer Republic from Pensions penny, nice collection with numerous special feature and a good mint never hinged portion, as well a few upper margin copies, units including blocks of four, better items in unused Michel no. 344 Y horizontal watermark and horizontal gum rippling, 412 z greenish gum (expertized Schlegel BPP), 434 I plate flaw "PE" in lieu of "Pf" and in mint never hinged Michel no. 362 y chalky paper, 370 / 371 X+Y vertical and horizontal watermark, 463 / 464.472.477 / 478 (expertized Schlegel BPP), Michel value over 2. 700.- (preceding starting price 400)