1901 1c black on azure, 2c brown on buff, 4c purple brown on grey, 5c pale green, 10c black on lilac, 15c grey, 20c red on green, 25c black on rose, 30c cinnamon on drab, 40c red on yellow and 50c carmine on rose all with 'HOI HAO' opt in carmine, overprinted at Hanoi. Good to fine mint. (SG 1/5, 7/12, cat £325+) {MH} [US4] (Start Price / Minimum Bid) = £116.80) (Image)