used 1932 (May) Red Flags 3c. dark red-brown with good or large margins on three sides (just cut into at top) cancelled at Shya Jiang by undated circular chop. Extremely rare, only about 5 examples are estimated to exist in private hands. S.G. SR14; Yang SP7. Photo

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used 1932 (May) Red Flags 3c. dark red-brown with good or large margins on three sides (just cut into at top) cancelled at Shya Jiang by undated circular chop. Extremely rare, only about 5 examples are estimated to exist in private hands. S.G. SR14; Yang SP7. Photo
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