BAVARIA
                
             
            
                        Lot 1537
                    
                    Opening bid
                            
                                
                                        100
                                €
                            
                        
                        2 M. Luitpold, type I, unperforated proof on thick gray paper unwatermarked, mint never hinged, insignificant gum crease, proofs on gummed paper are very rare
                    
                    
    For lots of the clearance sale we accept underbids up to 30% starting price - if there is no higher bid!
                    