Lot 324 Kiauchau SC#11/35 1901-1916 Kaiser Yacht Issue, Unwatermarked (5Pf) and Watermarked (4c) With SON Tsingtao CDS Cancels, 2 F/VF Used Singles, Click on Listing to See ALL Pictures, Estimated Value $5

2 F/VF used singles from the 1901-1916 Kaiser Yacht Issue. Unwatermarked (5pf) and watermarked (4c) with SON Tsingtao CDS cancels. The Scott numbers range from 11 to 35, and include 11, 35. The 5pf is unwatermarked and the 4c is watermarked lozenges. 2022 Scott Classic Cat $2.6. Our estimate of the value based on the condition is $5.