Lot
532 BK
Japan, 1913, Tazawa, 4s red, unwatermarked, with the interleaving tissue adherence just at top of selvage, booklet pane of 6, n.h., very well centered, slight fault around left staple hole, overall Very Fine. J.S.C.A. No. BP10 ¥120,000 for hinged ($1,040). Scott No. 120a $350 for hinged.
Realized: $280