£1,200 - £1,500
1886-1901 Germany stamps (196, with 123 stamps on 78 pieces) with cancels of Shanghai or Tientsin, including 1886-1901 2m (32 with strips of three (2) and five, various shades), blocks of four, 1891 20pf gutter pair, etc. A good lot. S.G. £11,000+. (196).
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