FEDERATION
![Lot 10838](https://auktion.reinhardfischerauktionen.de/media/cache/resolve/lot_main/no-photo.jpg)
Auction 160 | Lot 10838
Opening bid
700
€
1948 - 1998, extensive First Day Cover collection in 24 safe ring binder, beginning from allied occupation VZd1 photo expertize Schlegel BPP, export fair souvenir sheet au registered cover photo expertize Schlegel BPP, Federal Republic of Germany Michel no. 147 (500.-), 148, 153 / 4, 156 / 9, 160, 161, 162, 173 / 76, 200 / 03 and from the year 1956 largely complete on illustrated First Day Covers, as well partly se-tenants (First use), Michel approximate 6.000.-
For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!