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Lot# 3564 - Auction 321-332

  • Lot# : 3564 Panama

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    1878: Coat of Arms First Issue, 50 c. orange-brown, medium thick paper, used, manuscript cancel, four good to large margins all round, rare used example. Cert. Bortfeldt (2010). Additionally comes with an album page study of the 50 c. value, comprising five unused examples, including a block of four and a vertical pair, condition in the main fine, some flaws and imperfections as might be expected, rare assembly neatly presented.
    Starting bid : 500 CHF
    Hammer price : 2,800 CHF