The Michael Ruggiero Collection of Japan

1872, Dragon, 1 sen blue, plate 3, laid paper, position 33, an attractive used example tied to small piece, well centered, scarce; some clipped perfs at upper right, otherwise F.-V.F. J.S.C.A. 6g 350,000 yen (HK$ 27,130). Scott 6d; $2,500 (HK$ 19,380).
Estimate HK$ 3,000 - 4,000.