FEDERATION
![Lot 7103](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/53/535371_0001.jpg)
Lot 7103
Opening bid
120
€
1949 - 1954 (approximate. ), lot with 37 values, as well Michel 111 / 12, 117 / 20, 139 / 40, 141 / 42 (2), 156 / 59, 166 (2), 167 / 76 amongst other things, always in perfect condition mint never hinged, Michel 1. 225.
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!