Auction #14 of China, Hong Kong, Japan and Other Asia Stamps and Postal History

Shanghai, 1888, Small Dragon, 20 cash gray (Chan LS100. Scott 111), group of 5 incredibly fresh complete sheets of 25, few in different shades, with blue crayon markings in corner selvage, o.g., never hinged, pristine mint, Very Fine and choice, ex Livingston.
Estimate HK$ 10,000 - 12,000.