FEDERATION
![Lot 9601](https://auktion.reinhardfischerauktionen.de/media/cache/lot_main/48/488620.jpg)
Lot 9601
Opening bid
150
€
110 Pfg Bavarian Wald, through sheet fold very prominent sheetlet, in perfect condition mint never hinged, extreme decorative - see photo!
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!