Cherrystone Auctions The Dr. I.G. Kulczycky Collection of Western Ukraine

1919 20sh on 20h black, red & yellow, position 7, l.h., v.f., signed Mikulski, with minor overprint ink smudged front as usual. Only 25 of 20sh were printed (including double and triple overprints), of which according to Bulat (1973 handbook), two thirds were destroyed (Mi. 39, Euro 9,000)
Cat. Val. $ 6,250
Estimate: $5000