used 1851 Neuchatel 5c. black and red, a fine example with very large margins showing portions of dividing lines on three sides, cancelled by grid. Z11, S.F. 6,500. Photo

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used 1851 Neuchatel 5c. black and red, a fine example with very large margins showing portions of dividing lines on three sides, cancelled by grid. Z11, S.F. 6,500. Photo

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