The Michael Ruggiero Collection of Japan

1871, Dragon, 200 mon vermilion, plate 1, vertically laid paper, position 17, cancelled by neat, clean partial kensazumi killer, fresh, 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.