The Michael Ruggiero Collection of Japan

1872, Dragon, 1 sen blue, plate 3, laid paper, position 7, without gum as issued, a remarkably choice example of this rare mint issue, wonderfully fresh with sound perforations, Very Fine and choice. J.S.C.A. 6g 1,500,000 yen (HK$ 116,280). Scott 6d; $10,000 (HK$ 77,520).
Estimate HK$ 20,000 - 30,000.