Germany, Collection, 1921-40. Outstanding collection separated simply for convenience into several albums; these 2 volumes contains a lovely range of issues including inflation period used, many signed or with certs, color varieties, position pieces, imperfs, overprint and perforation varieties, extensive Zusammendrucken from all series, coils, booklet panes, etc; the range of Wagner varieties; nice selection of Zeppelin issues, including flown covers of South America and Polar flights complete; many issues present both mint and used; generally F-VF and well worth a close specialist examination; total 2004 Michel owner's catalog value €50,000+, o.g., hinged or never hinged. Estimate  $7,500 - 10,000. $0