The Michael Ruggiero Collection of Japan

1871, Dragon, 200 mon vermilion, plate 1, laid paper, position 3, cancelled by clean, small kensazumi type killer, a lovely, full margin example, scarce, Very Fine. J.S.C.A. 3c 60,000 yen (HK$ 4,650). Scott 3; $425 (HK$ 3,300).
Estimate HK$ 1,500 - 2,000.