German POs: 1900-01 Tientsin provisional 'China' diag h/s on Germania 40pf black & orange on rose, prepared but unissued denomination. Superb fresh MLH, pristine original gum (looks MNH), excellent centring. Sc footnote cat US$37,500 = A$56,000. SG mentioned in footnote but unpriced (in comparison the much less rare 50pfg cat £33,000). Mi II cat €50,000 = A$83,000. Great rarity in beautiful quality. 2008 Experts & Consultants (PL Poon AIEP) photo cert. (P) (Image1)

Estimate AU$20,000