CONDITIONS OF SALE THE PLACING OF A BID SHALL CONSTITUTE ACCEPTANCE OF THESE CONDITIONS OF SALE BETWEEN BIDDER AND KELLEHER & ROGERS, LTD

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2 CONDITIONS OF SALE THE PLACING OF A BID SHALL CONSTITUTE ACCEPTANCE OF THESE CONDITIONS OF SALE BETWEEN BIDDER AND KELLEHER & ROGERS, LTD BIDDING PLEASE NOTE: Bidders in this sale are required to provide a 25% deposit of the amount they intend to bid. Clients known to us with established credit will not be subject to this. If you have any question regarding this contact our office BEFORE the sale to confirm. 1. Unless announced otherwise by the auctioneer, all bids are per lot, as numbered in the printed Catalogue. Kelleher & Rogers (K&R), as agent for the consignor or vendor, shall regulate the bidding and shall determine the manner in which the bidding shall be conducted. K&R reserves the right to withdraw any lot prior to sale (without liability to any potential purchaser or agent), to re-offer any withdrawn lot, to divide a lot or to group two or more lots belonging to the same consignor or vendor, and to refuse any bid believed not made in good faith. Estimates of sales prices contained in the printed Catalogue reflect the best judgment of K&R and are not minimum or upset prices. 2. (a) Bids shall be made in the steps set forth on the bidding page (ii). (b) The highest bid acknowledged by the auctioneer shall prevail. Should a dispute arise between bidders (including a dispute between a floor or Internet bidder and the auctioneer acting on behalf of a mail bidder, consignor or vendor), the auctioneer alone shall determine who the successful bidder is and whether to reoffer the lot in dispute. Should a dispute arise after the sale, the auctioneer s sale records shall be conclusive. On all lots sold, a commission of 15% on the hammer price is payable by the buyer to the auctioneer together with any sales and use tax or customs duties. 3. (a) The auctioneer reserves the right to bid on behalf of clients (and consignors or vendors) but shall not be liable for errors and omissions in executing instructions to bid, however received, and whether such errors or omissions be those of the bidder or agent or those of the auctioneer. (b) Lots are offered subject to a reserve price. The auctioneer will implement such reserve price by bidding on behalf of the consignor vendor. (c) Purchases made by a consignor or vendor or his agent on his own lots shall be considered as a sale subject to commissions. PAYMENT FOR PURCHASES 4. Payment for lots, including those on which opinions are desired (Condition of Sale 7), shall be as follows: (a) Floor Bidders. Payment of the purchase price, or such part there of as K&R shall require, shall be made by the purchaser in cash or bank or certified check or in such other manner as K&R may determine. (b) Mail Bidders. A successful mail bidder will be notified of lots purchased. Before K&R will send such lots, payment in full must be received by K&R within three (3) business days of receipt of the aforesaid notification by the mail bidder. However, a purchaser known to K&R at its option may have purchases delivered or forwarded for immediate payment. Mailed delivery will be to the address on the bid sheet and proof by K&R of receipt of a sending at the advised address shall constitute delivery. 5. Title shall not pass to the purchaser until full payment has been received by K&R as agents for the consignor or vendor. 6. (a) Purchasers agree to pay for lots as specified in Condition of Sale 4 (or as the same may be modified by Condition of Sale 8), and no credit is extended; a late payment charge of 2% per month or fraction thereof shall be added if payment is not made in accordance with the aforesaid conditions. (b) In the event that a bidder shall fail to comply with these Conditions of Sale ( Non-Complying Bidder ), then, as to any lot with respect to which such failure to comply occurs, K&R, may, in its sole discretion, re-offer such lot during the same auction or at an auction at a later time, or by private treaty at such time as Dynasty Auctions, in its sole discretion, deems appropriate and the Non-Complying Bidder shall be liable for the deficiency, if any, between the hammer price and the net proceeds of a sale to a subsequent purchaser, whether at auction or by private treaty, as well as for all costs and expenses of both sales, all other charges due thereunder, including commissions with respect to both sales, whether payable to K&R or to a third party and all incidental damages. It shall be in K&Rs sole discretion to determine whether to re-offer the lot theretofore hammereddown to a Non-Complying Bidder at the same auction, or by private treaty in due course, or at a subsequent auction conducted by K&R. In no event shall any surplus arising from the sale of a re-offered lot be payable to a Non-Complying Bidder. (c) If K&R takes any legal steps to secure payment of a delinquent account, the defaulting purchaser shall be liable for all legal and other expenses incurred by K&R to secure such payment, including but not limited to a reasonable allowance for attorneys fees. For purposes of this paragraph, the term legal steps shall be deemed to include any and all consultation by K&R with its attorneys with respect to all matters arising out of a delinquent account. (d) Unless otherwise acceptable to K&R, payment is to be made only in the form of cash, bank check or certified check, personal check (which must clear prior to delivery of lots), or a bankwire transfer. (e) Additionally clients who elect to use credits cards as payment (Mastercard, Visa, American Express) or Paypal will be subject to a 2 % charge. WIRING INSTUCTIONS: Please contact us for our wiring instructions. EXHIBITION & INSPECTION OF LOTS; QUALITY & AUTHENTICITY 7. (a) See viewing schedule for on-premises viewing. Ample opportunity is given for on premises inspection prior to the auction date, and, upon written request and at K&R discretion. (b) Each lot is sold as genuine and correctly described, based on individual description as modified by any specific notations in this Catalogue. (c) Quality. Any lot which a purchaser considers to be incorrectly described may be returned to K&R within two weeks of its receipt by such purchaser ( Returning Purchaser ), provided, however, that the same is received by K&R within four weeks of the date of the auction; however, K&R may, in its discretion, refuse acceptance of such returned lot. If an opinion of a mutually acceptable authority is desired, the period of time within which a lot must be received by K&R will be extended in accordance with Condition of Sale 8. In the event that a dispute cannot be resolved by reference to a mutually acceptable authority, and K&R thereupon undertakes to re-offer the lot with a description identical to the description disputed, the Returning Purchaser shall be liable for the deficiency, if any, between the proceeds of the sale to the Returning Purchaser and the proceeds of a sale to a subsequent purchaser, as well as for all costs and expenses of the re-sale, including commission, and all incidental damages. Any lot, the description of which is disputed, must be returned intact and in the original packaging and in the condition received (unaltered) by the purchaser. The following lots are not returnable except at the discretion of K&R: (i) lots from purchasers who attended the exhibition of the lots; (ii) lots examined by postal viewers; (iii) lots on account of their appearance, if they are illustrated in this Catalogue; or (iv) lots described as having repairs, defects or faults for any reason. (v) lots containing more than ten (10) items. (d) Authenticity. Any lot which is declared otherwise than genuine by a generally recognized authority is returnable, provided such lot is received by K&R within four weeks of the date of the auction. Proof that a mutually acceptable authority declines to express an opinion is not grounds for the return of a lot. (e) Expenses incurred a purchaser in the submission and the return of a lot under Conditions of Sale 7 are not subject to refund. APPLICABLE LAW, JURISDICTION, ETC. The respective rights and obligations of the parties shall be governed and inerpreted by Hong Kong SAR law, and the buyer hereby submits to the non exclusive jurisdiction of the Hong Kong Courts. SPECIAL CONDITIONS Bids from Minors will not be accepted unless accompanied by a full cash deposit or suitable guarantee. The auctioneer will not be responsible for loss or damage to stamps or other items received inadequately housed or arranged. Lots purchased on behalf of postal bidders will be forwarded by the most practical means at the risk of the purchaser who will bear all costs involved. Lots will not be available for inspection or collection in the auction room. Successful purchasers should collect their purchases from our office. Lots bid on and bought in by a vendor will be regarded as sold and full commision will be payable. Buy or At Best bids are not accepted. All prospective purchasers should quote their maximum buying price. In the event of identical postal bids being received for any particular item, the bid received first in our office will be that which is accepted. BIDDING STEPS 12. Bidding Steps are as published on page (ii); bids made out of increment will be reduced to the next increment. Example: $603 bid will be reduced to $600, etc. BIDS BY TELEPHONE (a) Must be confirmed in writing unless waived by the auctioneer. (b) Any errors are the responsibility of the bidder. (c) No bids accepted less than 1 hour before the commencement of the sale. BIDS BY Bids must be received 1 hour before sale commences be sure to use stamps@kelleherasia.com PHONE BIDDING DURING THE SALE Phone bidding space is limited and available on a first come, first served basis. The importance of reserving early cannot be overstated! Kelleher & Rogers, LTD Malaysia Building, 50 Gloucester Road, 9th Floor, Wanchai, Hong Kong Telephone: Fax:

3 Stamps of The People s Republic of China Notice for Bidding in this sale: Bidders in this sale are required to provide a 25% deposit of the amount they intend to bid. Clients known to us with established credit will not be subject to this. If you have any question regarding this contact our office BEFORE the sale to confirm. 拍賣競投告示此拍賣競投者需支付有意競投物價目之百分之二十五作為訂金. 已在敝公司開立信貸戶口之客戶不需按此規定. 若閣下對此有任何疑問, 請於拍賣確認前與敝公司聯絡. Public Auction Sale 13 Sunday, 28 September 2014 Session 4-10:00 AM (Lots ) Sale Location Malaysia Building, 50 Gloucester Road, 9th Floor, Wan Chai, Hong Kong Viewing & Inspection of Lots Viewing before Sept. 23, 2014 Viewing Sept , 2014 Viewing Sept , 2014 By Appointment at Hong Kong Office 50 Gloucester Road, 9th Floor 50 Gloucester Road, 9th Floor 10:00 AM - 6:00 PM 50 Gloucester Road, 9th Floor 10:00 AM - 6:00 PM Malaysia Building, 50 Gloucester Road, 9th Floor, Wan Chai, Hong Kong Telephone: Fax: stamps@kelleherasia.com US Office: 4 Finance Drive, Suite 100, Danbury, CT Telephone: Fax: kelleherasia.com

4 Table of Contents Session 5: People s Republic of China Sunday, 28 September 2014, beginning at 10:00 A.M. Liberated Areas Collections Central China East China North China North East China North West China Port Arthur & Dairen South China South West China People s Republic C Series Commemoratives S Series Commemoratives W Series Commemoratives N Series Commemoratives J Series Commemoratives T Series Commemoratives Year Order Series Commemoratives Definitive Issues Surcharged Definitives Military Stamps Booklets Collections Year Sets Postal History

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6 Management and Staff Laurence Gibson - Co Director lgibson@kelleherauctions.com David M. Coogle - Co Director dcoogle@kelleherauctions.com Michael Rogers - Director of Aquisitions mrogers@kelleherauctions.com Richard Sarge Ostlie - rostlie@kelleherauctions.com Kelleher & Rogers, Ltd. is a division of

7 Session 5 Sale 13 Sunday, September 28, 2014 Beginning at 10:00 AM At our offices in Wan Chai Lots People's Republic of China

8 LIBERATED AREAS: Collections Liberated Areas Collections 2001 Lovely All Mint Col lec tion, Housed in a sin gle Scott al bum. Mostly in com plete sets with good value to be found in clud ing 1L37-40, 1L121-24, 1L136-38, 1L162-63, 2L3-8, 2L36, 2L68, 2L69, 2L70-71, 5L1-9, 6l17-32 and 8L1-11. Clean, fresh and, Very Fine (photo on web site). Estimate HK$ 25,000-30, / Ex cel lent Al most All Mint Scott-Listed Col lec tion. As sem bled in mounts on Fi del ity pages, be gin - ning with good NE prov inces is sues like Scott 1L17-19, 24-26, 27-29, 30-36, 41-44, 51-54, , the un is sued $50,000 green Gate is sue, , plus re prints com plete less one stamp then on to 2L72-76, 3L77-81 perf and imperf, 82-88, 4L23-24, 45-47, 5L51-53, 53a, good Cen tral China, 8L1-11, and much more. Nice lot, fresh, ex am ine, Fine to Very Fine (photo on web site). Estimate HK$ 12,000-16, ( ) Un used Col lec tion, Mounted on Fi del ity al bum pages, in clud ing North east China 1947 (1L37-38 & 1L42-44), 1947 (1L71), 1948 (1L95-97), plus sev eral re prints in sets; 1950; North China 1949 (3L82-88). We also noted North west China; East China; Cental China & South west China sets and part sets. Rec - om mended for dealer or col lec tor alike, Fine to Very Fine (photo on web site). Estimate HK$ 2,000-2, / Small but Use ful Ac cu mu la tion of Var i ous Odds and Ends. Com prised of a cou ple hun dred on al - bum pages and a cou ple of coun ter book pages, gen er ally very clean and fresh, ex am ine, over all Fine to Very Fine (photo on web site). Estimate HK$ 1,500-2, ( ) Un used Col lec tion, In a Fi del ity al bum, in clud ing Port Ar thur & Dairen 1949 (2L68); North China 1949 (3L42); North east China 1947 (1L30-36 & 1L41-44), 1948 (1L81-83 & 1L95-97), 1949 (1L121-24) & 1950 (1L162-63); plus 1950 (1L & 1L157-61, re prints). Rec om mended for fur ther ex pan sion, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,400-1,600 Central China 2006 ( )a Cen tral China, 1949 (July), Star En clos ing Map of Hankow com plete (Yang CC70//77. Scott 6L48-6L56), mar gin blocks of 4, with out gum as is sued. Estimate HK$ 2,000-3,000 2 stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

9 LIBERATED AREAS: Central China - East China Cen tral China, 1949 (Au gust 16), $500 Lib er a tion, im per fo rate be tween (Yang CC143 var. Scott 6L61 var.), ver ti cal pair and mar gin, rare and unlisted. Estimate HK$ 2,000-3, ( ) Cen tral China, 1949, Wan-An Over print Peo ple s Post on SYS Sil ver Unit Plum Blos som is - sues (Yang LCC56-59), with out gum as is sued, fresh, Very Fine, rare set. Estimate HK$ 3,000-4,000 East China ( ) East China, 1942, Shan tung 2nd War time Post, 1 ver mil ion and 2 green, on news print (Yang EC5, 7a), with out gum as is sued, both extreamly fresh with biight bold col ors, Ex tremely Fine. Estimate HK$ 800-1, ( ) East China, 1942, Shan tung 2nd War time Post, 1 yel low, thin pa per (Yang EC6), with out gum as is sued, Very Fine for this. Estimate HK$ 9,000-11, ( ) East China, 1942, Shan tung 2nd War time Post, 5 light blue and 5 dark blue (Yang EC8b, 8d), with out gum as is sued, Very Fine. Estimate HK$ 800-1,200 Sale 13 - Sep. 28,

10 LIBERATED AREAS: East China East China, 1942, Shan tung 2nd War time Post, 5 pale blue (Yang EC8c), lightly can celed, Very Fine. Estimate HK$ 2,500-3, ( ) East China, 1942, Shan tung 2nd War time Post, 10 yel low (Yang EC9a), with out gum as is sued; mi nor clipped cor ner, oth er wise Very Fine. Estimate HK$ 6,000-7, ( ) East China, 1942, Shan tung 2nd War time Post, 50 red brown (Yang EC11b), with out gum as is - sued, Ex tremely Fine. Estimate HK$ 2,000-2, ( ) East China, 1944, Shan tung War time Post, Chair man Mao, 10 blu ish green (Yang EC20), with out gum as is sued, fresh mint, Very Fine. Estimate HK$ 1,400-1, East China, 1944, Sur charge on War Time Post, Chair man Mao, $5 on 50 brown (Yang EC30a), Very Fine. Estimate HK$ 900-1, ( ) East China, 1945, Shan tung War Time Post, Chu Teh, 50 gray green, perf 10 (Yang EC54), with - out gum as is sued, fresh and Very Fine, a splen did ex am ple of this ex cep tion ally scarce value. Estimate HK$ 2,000-2, East China, 1945, Sur charge on War time Post, Chu Teh, 50 on 10 green (Yang EC64), used, Very Fine. Estimate HK$ 800-1, ( ) East China, , Tem po rarily Used For on Chu Teh, $50 on 10 green, per fo rated with handstamp sur charge (Yang EC75), with out gum as is sued, Fine to Very Fine. Estimate HK$ 1,000-1, ( ) East China, 1942, Ching-Ho Area, 5 deep blue (Yang EC159a), with out gum as is sued, Very Fine. Estimate HK$ 1,000-1, ( ) East China, , Ching-Ho Area, 10 on 1 ver mil ion, blue sur charge (Yang EC163a), with out gum as is sued; nat u ral pa per flaw, Fine to Very Fine. Estimate HK$ 1,000-1,500 4 stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

11 LIBERATED AREAS: East China 2022 ( ) East China, 1947, Ching-Ho Area, $800 on $20 vi o let, imperf be tween (Yang EC176c), hor i zon tal strip of 4, with out gum as is sued, Very Fine. Estimate HK$ 800-1, ( ) East China, 1946, Bohai Post Is sue, Chu Teh, $5 green, imperf (Yang EC178), with out gum as is - sued, Fine to Very Fine. Estimate HK$ 1,000-1, ( ) East China, 1946, Bohai Post Is sue, Chu Teh, $10 green, imperf, un is sued (Yang EC179), with out gum as is sued, Fine to Very Fine. Estimate HK$ 4,000-4, ( ) East China, 1946, Bohai Post Is sue, Chu Teh, $10 blue with round and square 0 (Yang EC180, 180a), with out gum as is sued, Very Fine. Estimate HK$ 2,000-3, ( ) East China, 1944, Yan-Fun 3rd Is sue with Value In di cated, 5 yel low green (Yang EC247), with out gum as is sued, Very Fine. Estimate HK$ 3,000-3, ( ) East China, 1944, Su-Chung 4th Print Unit Is sue With out Value on Hawk De sign, with out over - print char ac ter (Yang EC269a), with out gum as is sued, fresh, Very Fine, rare, a Gem! 2006 APS photo cer tif i cate. Estimate HK$ 18,000-22,000 Sale 13 - Sep. 28,

12 LIBERATED AREAS: East China 2028 ( ) East China, 1945, Su-Chung Sur charges on In ter nal Use stamps (Yang EC276, 277, 279), with - out gum as is sued, Very Fine. Estimate HK$ 1,000-1, ( ) East China, 1946, Su-Wan Bor der Area, Train Is sue, $10 pur ple (Yang EC328), with out gum as is - sued, fresh with nice even mar gins, Very Fine, scarce. Estimate HK$ 3,000-4, ( )a East China, 1949, Shan tung Com mu nist Postal Ad min is tra tion, $5 dull brown, dou ble over print (Yang EC365a. Scott 5L13b), sheet of 100, with out gum as is sued, never hinged, Fine to Very Fine (photo on web site). Estimate HK$ 2,000-3, ( ) East China, 1949, Shantung Communist Postal Administration, imperf complete (Yang EC ), with the $5 value made up of with out overprin t(2) and small over print in black, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,000-1, / East China, 1949, Lib er a tion of Nan king and Shang hai com plete (Yang EC ), with a num - ber of du pli cates, mint or used, plus a use ful range of va ri et ies com prised of $1 hor i zon tal strip of 3 imperf at left mar - gin and be tween left and mid dle stamp, $5 imperf ver ti cal pair and $50 block of 6 on news print as well as a se lec tion of 5 items with mis placed perfs, with out gum as is sued, Fine to Very Fine (photo on web site). Estimate HK$ 1,000-1, ( )a East China, 1949, San Yick Print, Chair man Mao, $150 brown ish or ange (Yang EC453. Scott 5L86), com plete sheet of 200 with full off set on back, with out gum as is sued, Fine to Very Fine (photo on web site). Estimate HK$ 800-1, East China, 1949, An-King lo cal hand sur charges on Map com plete (Yang ECL44-45), Very Fine. Estimate HK$ 1,500-2,000 6 stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

13 LIBERATED AREAS: North China North China ( ) North China, 1938, Chin-Cha-Ki Bor der Area, White Full Sun, First Print, 1 dull pur ple on brown paper (Yang NC3), with out gum as is sued, Very Fine. Estimate HK$ 1,000-1, ( ) North China, 1946, Vic tory (Small Sized), $50 red, imperf (Yang NC35b), with out gum as is sued, Fine to Very Fine. Estimate HK$ 800-1, ( ) North China, 1943, Chin-Ki-Lu-Yu Bor der Area, 5 on 10 deep blue (Yang NC168), with out gum as is sued, huge even mar gins, Ex tremely Fine. Estimate HK$ 1,500-2, North China, , Chin-Ki-Lu-Yu Bor der Area, Bird on Globe, Large Char ac ter Sur charge, $2 on 5 (50 ) deep blue (Yang NC212), used, wide mar gins, Fine to Very Fine. Estimate HK$ 1,500-2, ( ) North China, 1947, Chin-Ki-Lu-Yu Bor der Area, Mao and Har vest De sign, $80 gray-brown, perf 10 (Yang NC237a), with out gum as is sued, Very Fine. Estimate HK$ 1,000-1, ( ) North China, 1947, Chin-Ki-Lu-Yu Bor der Area, Mao and Har vest De sign, $500 light blue, perf 10 (Yang NC240a), with out gum as is sued, Fine to Very Fine. Estimate HK$ 1,500-2, ( ) North China, 1947, Chin-Ki-Lu-Yu Bor der Area, Vic tory Over Ja pan, $20 rose red, rough perf type (Yang NC241a), with out gum as is sued, fresh and scarce, Fine to Very Fine. Estimate HK$ 1,500-2, North China, 1949, Peo ple s Post, Bird on Globe, $5 on 5 (50 ) deep blue (Yang NC315), used, Very Fine. Estimate HK$ 2,000-3,000 Sale 13 - Sep. 28,

14 LIBERATED AREAS: North China - North East China Ex North China, Par cel Post, 1949, Tien tsin Sur charge on Money Or der Stamps com plete (Yang NCP17-26), Fine to Very Fine. Estimate HK$ 800-1, North China, Par cel Post, 1949, Tien tsin Sur charge on Money Or der Stamp, $100 on $10 green, in verted sur charge (Yang NCP22a), o.g., never hinged, Very Fine. Estimate HK$ 800-1,200 Ex ( ) North China, Par cel Post, 1949, Tien tsin hand sur charge on Pe king Cen tral Print High way De - sign com plete (Yang NCP27-30), with out gum as is sued, Fine to Very Fine. Estimate HK$ 4,000-5,000 North East China 2046 ( ) North East China, 1947, 10th An ni ver sary of the Start of Sino-Jap a nese War sou ve nir sheet (Yang NE68M. Scott 1L44a), with out gum as is sued, lovely Very Fine ap pear ance. Estimate HK$ 1,500-2,000 8 stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

15 LIBERATED AREAS: North East China ( ) North East China, 1947, Antung First Print, Chu Teh, $20 on $1 deep blue (Yang NE261), with out gum as is sued, Very Fine. Estimate HK$ 1,500-2, ( ) North East China, 1947, Antung Hand Sur charge on First Print, Chu Teh, $20 on $1 deep blue (Yang NE262), with out gum as is sued, Very Fine. Estimate HK$ 1,500-2, ( ) North East China, 1947, Antung 2nd Print, two dif fer ent (Yang NE281, NE283), com prised of a sin - gle $30 in blue on $10 and two $100 on $10, with out gum as is sued, Fine to Very Fine (photo on web site). Estimate HK$ 1,000-1, ( ) North East China, 1947, Antung 2nd Print, Mao and Chu Teh, $30 on $10 rose red (Yang NE281), with out gum as is sued, Fine to Very Fine. Estimate HK$ 2,500-3, ( ) North East China, 1947, Antung 2nd Print, Mao and Chu Teh, $30 on $10 rose red (Yang NE281), with out gum as is sued, Fine to Very Fine. Estimate HK$ 2,500-3, ( ) North East China, 1947, Antung 2nd Print, Mao and Chu Teh, $100 on $10 rose red, over print in - verted (Yang NE283a), with out gum as is sued, Fine to Very Fine; ac com pa nied by Ex perts and Cunsultants photo certificate. Estimate HK$ 1,800-2, ( ) North East China, 1948, Liao Nan hand sur charge on Antung Chu Teh and Mao, 2nd print, $100 on $10 rose red on gray news pa per (Yang NE297), with out gum as is sued, Very Fine. Estimate HK$ 2,000-2, North East China, 1948, Liao Nan hand sur charge on Antung Chair man Mao, 2nd Print, $20 on $5 gray green (Yang NE298), Fine to Very Fine. Estimate HK$ 1,500-2,000 Sale 13 - Sep. 28,

16 LIBERATED AREAS: North West China North West China Ex ( ) North West China, 1946, Yen-An Pa goda, First Print com plete, imperf (Yang NW1-5. Scott 4L1-4L5), with out gum as is sued, Very Fine. Estimate HK$ 1,000-1, ( ) North West China, 1946, Yen-An Pa goda, First Print com plete, rouletted (Yang NW6-8. Scott 4L1a-4L3a), with out gum as is sued, Fine to Very Fine. Estimate HK$ 1,000-1, ( ) North West China, 1947, Yen-An Pa goda, Large Char ac ter Yuan, $30 on $1 green (Yang NW13. Scott 4L7a), with out gum as is sued, Fine to Very Fine (photo on web site). Estimate HK$ 1,200-1,600 Ex ( )a North West China, 1949, Peo ples Post Shensi over prints on Dr. Sun Yat-sen is sues com plete (Yang NW Scott 4L34-4L44), blocks of 4, many with sel vage, with out gum as is sued, Very Fine. Estimate HK$ 2,000-3, ( ) North West China, 1949, Sinkiang hand sur charge Peo ple s Post on Pe king Views and U.P.U. (Yang NW92-94), with out gum as is sued, Very Fine. Estimate HK$ 1,000-1, ( ) North West China, 1949, Wei Nan hand sur charge on Dr. Sun Yat-sen, $500 green (Yang NWL3), with out gum as is sued, fresh, Very Fine, an ex cep tion ally rare stamp. Estimate HK$ 2,500-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

17 LIBERATED AREAS: Port Arthur & Dairen Port Arthur & Dairen Port Ar thur & Dairen, 1948, $100 on An ni ver sary of Jap a nese Em pire Bird Is sue (Yang AD34. Scott 2L38), postally used, scarce thus, Fine to Very Fine. Estimate HK$ 3,200-4, Port Ar thur & Dairen, 1948, $10 and $50 Rus sian Rev o lu tion sur charges (Yang AD Scott 2L45-46), postally used, Fine to Very Fine. Estimate HK$ 2,400-3, Port Ar thur & Dairen, 1948, Kwantung Ag ri cul tural and In dus trial Ex hi bi tion, $10 on 2f yel low green (Yang AD43. Scott 2L48), o.g., never hinged; short up per right cor ner perf, Fine. Estimate HK$ 1,600-2,000 Ex ( ) Port Ar thur & Dairen, 1950, Gate of Heav enly Peace com plete (Yang AD Scott 2L72-76), with out gum as is sued, strong color and cen ter ing, Very Fine. Estimate HK$ 2,000-2, Port Ar thur & Dairen, 1950, LuShun-Dalian Area sou ve nir folder (Yang LDS B2), in clud ing Port Ar - thur is sues, Scott 2L68, 2L70-71, 2L59, 2L69 2L60, 2L57, 2L53-56 and 2L72-76, very nice qual ity for this scarce book let, fresh, Very Fine. Estimate HK$ 5,000-6,000 Sale 13 - Sep. 28,

18 LIBERATED AREAS: South China South China ( )a South China, 1949 (No vem ber 9), Lib er a tion of Swatow, handstamped sur charges (Yang SC Scott 7L6a-7L8a), blocks of 4, with out gum as is sued. Estimate HK$ 5,000-6, ( ) South China, 1949 (No vem ber 12), $1 and $10 Fly ing Geese over printed Lib er a tion, Tem po - rarily Used For set of two (Yang SC Scott 7L17-7L18), with out gum as issued. Estimate HK$ 2,000-3,000 South West China Ex S South West China, 1950, Map, im per fo rate set with blue or red two-char ac ter Spec i men over - print (Yang SW Scott 8L17), with out gum as is sued, Very Fine, very rare. Estimate HK$ 1,500-2, ( ) South West China, 1950, Map, $300 on $20 and $300 on $100, im per fo rate be tween (Yang SW18b, 19a. Scott 8L32a, 8L33a), hor i zon tal pairs, with out gum as is sued, Fine to Very Fine and scarce. Estimate HK$ 2,000-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

19 LIBERATED AREAS: South West China Ex ( ) South West China, 1949, Hand Sur charge on March ing of Peo ple s Lib er a tion Army, with new val ues (Yang SW Scott 8L28-29), com plete set of 6 hor i zon tal pairs show ing wide and nar row spac ing va ri - et ies, with out gum as is sued, Very Fine, scarce set. Estimate HK$ 2,000-2, South West China, 1950, $150 on $200 light blue, sur charge in pur ple (Yang un listed. Scott 8L29 var.), hor i zon tal pair show ing both spac ings, Chung king c.d.s. and par tial red tran sit c.d.s., Fine to Very Fine, Ex. Padget. Estimate HK$ 1,500-2, ( ) South West China, 1949, Kwang-Yuan Peo ple s Post hand over print on $100 an $200 Sav ings Stamps com plete (Yang LSW8-9), hor i zon tal pairs, with out gum as is sued, fresh, rare mul ti ples, Very Fine. Estimate HK$ 6,000-7, ( ) South West China, 1950, Kiang-Lai hand sur charged Lo cal Is sue, $300 on $50 (Yang LSW51), with out gum as is sued, fresh, Very Fine, rare. Estimate HK$ 3,000-4,000 Sale 13 - Sep. 28,

20 PEOPLE S REPUBLIC: C Series Commemoratives People s Republic C Series Commemoratives 2074 ( )a 1949, 1st Ses sion of Peo ple s Po lit i cal Con sul ta tive Con fer ence (C1) com plete (Scott 1-4), a mag nif i cent set of com plete sheets of 100, neatly folded once through perfs at cen ter, a re mark able & rare set of sheets, with full clean mar gins, with all but the $50 dol lar value matched sheet #257 ex am ples, with out gum as is - sued, pris tine and choice, Very Fine. Estimate HK$ 30,000-40,000 A show piece set of sheets of the first is sue of the Peo ple s Re pub lic of China. 14 stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

21 PEOPLE S REPUBLIC: C Series Commemoratives 2075 ( )a 1949, 1st Ses sion of Peo ple s Po lit i cal Con sul ta tive Con fer ence (C1) com plete (Scott 1-4), a splen did set of com plete sheets of 100, neatly folded once through perfs at cen ter, $200 with mi nor perf sep a ra tions at top mar gin only, in cred i bly fresh with sharp cor ners & good mar gins, with out gum as is sued, Very Fine and rare. Estimate HK$ 30,000-40,000 A won der ful set of sheets of the first is sue of the Peo ple s Re pub lic of China. Sale 13 - Sep. 28,

22 PEOPLE S REPUBLIC: C Series Commemoratives 2076 ( )a 1949, 1st Ses sion of Peo ple s Po lit i cal Con sul ta tive Con fer ence (C1) and Trade Un ion Con fer - ence (C3), both com plete (Scott 1-4, 5-7), nice group com prised of C1 blocks of 4, first 3 val ues with im prints, and C3 blocks of 4, with out gum as is sued, fresh, Very Fine (photo on web site). Estimate HK$ 2,500-3, ( )a 1949, 1st Ses sion of Peo ple s Po lit i cal Con sul ta tive Con fer ence (C1) com plete (Scott 1-4), cor ner mar gin blocks of 40 with two im prints, with out gum as is sued; folded once along perfs, Very Fine (photo on web site). Estimate HK$ 6,000-8, ( )a 1949, 1st Ses sion of Peo ple s Po lit i cal Con sul ta tive Con fer ence (C1) com plete (Scott 1-4), cor ner mar gin blocks of 40 with two im prints, with out gum as is sued; folded once along perfs, $50 mar gin in scrip tion, Very Fine (photo on web site). Estimate HK$ 6,000-8, ( )a 1949, 1st Ses sion of Peo ple s Po lit i cal Con sul ta tive Con fer ence (C1) com plete (Scott 1-4), bot - tom half sheets of 50 ex cept $100 up per half with sheet #, each with two im prints, with out gum as is sued; neatly folded once, one sin gle $100 value ink spot, oth er wise Very Fine, rare (photo on web site). Estimate HK$ 8,000-10, ( )a 1950, Peo ple s Po lit i cal Con fer ence (C2) com plete (Scott 8-11), mar ginal blocks of 40, $50 and $100 with sheet num bers and im prints, with out gum as is sued; neatly folded one through perfs, Very Fine, Rare (photo on web site). Estimate HK$ 8,000-10, ( )a 1950, Peo ple s Po lit i cal Con fer ence (C2) com plete (Scott 8-11), com plete sheets of 80 with full mar - gins. In cludes sheet num bers and im prints as is sued, with out gum as is sued; one vlaue on $50 and $100 sheets light cor ner bend, Very Fine, rare (photo on web site). Estimate HK$ 1,500-2, ( )a 1950, Peo ple s Po lit i cal Con fer ence (C2) com plete (Scott 8-11), block of 4, 14 sets, in blocks of 4 and 10, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,500-2, ( ) 1949, 1st Ses sion of Peo ple s Po lit i cal Con sul ta tive Con fer ence, N.E. Use (C2NE), $1500 deep blue (Scott 1L137), with out gum as is sued, fresh choice ex am ple, Su perb; 2013 PSE cer tif i cate, graded Superb 98. Estimate HK$ ( ) 1949, Globe and Ham mer for use in the North East (C3NE) com plete (Scott 1L133-1L135), with out gum as is sued, fresh and scarce, Very Fine. Estimate HK$ 18,000-22, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

23 PEOPLE S REPUBLIC: C Series Commemoratives 2085 ( ) 1949, Globe and Ham mer for use in the North East (C3NE) com plete (Scott 1L133-1L135), with out gum as is sued, fresh and scarce; $5,000 with tiny, mar ginal nat u ral pa per in clu sion, Very Fine. Estimate HK$ 18,000-22,000 Ex 2086 Ex 2087 Ex 2088 Ex 2089 Ex ( ) 1950, In au gu ra tion of the Peo ple s Re pub lic (C4) com plete (Scott 31-34), orig i nal print, with out gum as is sued, bright, Very Fine. Estimate HK$ 1,600-2, ( ) 1950, In au gu ra tion of the Peo ple s Re pub lic (C4) com plete (Scott 31-34), with out gum as is sued, Very Fine. Estimate HK$ 1,600-2, ( ) 1950, In au gu ra tion of the Peo ple s Re pub lic (C4) com plete (Scott 31-34), with out gum as is sued, Very Fine. Estimate HK$ 1,600-2, ( ) 1950, In au gu ra tion of the Peo ple s Re pub lic (C4) com plete (Scott 31-34), in sheet mar gin sin gles, with out gum as is sued, Fine to Very Fine. Estimate HK$ 1,600-2, ( ) 1950, In au gu ra tion of the Peo ple s Re pub lic (C4) com plete (Scott 31-34), with out gum as is sued, Very Fine. Estimate HK$ 1,600-1,800 Sale 13 - Sep. 28,

24 PEOPLE S REPUBLIC: C Series Commemoratives Ex 2091 Ex 2092 Ex 2093 Ex ( ) 1950, In au gu ra tion of the PRC for Use in the North east (C4NE) com plete (Scott 1L150-1L153), matched right mar gin sin gles, with out gum as is sued, pris tine, Very Fine. Estimate HK$ 4,000-5, ( ) 1950, In au gu ra tion of the PRC for Use in the North east (C4NE) com plete (Scott 1L150-1L153), orig i nal print, with out gum as is sued; low est value small cor ner crease, Fine to Very Fine. Estimate HK$ 3,000-4, ( ) 1950, In au gu ra tion of the PRC for Use in the North east (C4NE) com plete (Scott 1L150-1L153), with out gum as is sued, Very Fine. Estimate HK$ 3,000-4, ( ) 1950, 1st An ni ver sary of the Peo ple s Re pub lic (C6) com plete (Scott 60-64), with out gum as is - sued, Very Fine. Estimate HK$ 1,600-1, ( )a 1950, 1st An ni ver sary of the Peo ple s Re pub lic (C6) com plete, re prints (Scott 60-64), mar gin blocks of 10, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,500-2, ( )a 1950, 1st An ni ver sary of the Peo ple s Re pub lic (C6) com plete, re prints (Scott 60-64), blocks of 20 with $800 be ing a com plete sheet of 20, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 3,000-4, ( )a 1950, First All-China Postal Con fer ence (C7) com plete, re prints (Scott 72-73), each value com - prised of two mar gin blocks of 25 with im prints, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( )a 1951, Lu Xun (C11) com plete, re prints (Scott ), sheets of 50 with im prints, with out gum as is - sued; folded once along perfs, Very Fine (photo on web site). Estimate HK$ 2,500-3, ( )a 1952, Asian-Pa cific Peace Con fer ence (C18) com plete (Scott ), mar gin blocks of 20, with - out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( )a 1952, Chi nese Vol un teers in Ko rea (C19) com plete (Scott ), match ing up per right nu meric mar gin blocks of 6 with sheet num bers, with out gum as is sued; $800 vi o let pen no ta tion in mar gin, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( )a 1952, Chi nese Vol un teers in Ko rea (C19) com plete (Scott ), 40 sets, com prised of four blocks of 10 of each value, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,800-2, ( )a 1952, Chi nese Vol un teers in Ko rea (C19) com plete (Scott ), 40 sets, com prised of four blocks of 10 of each value, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,800-2, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

25 PEOPLE S REPUBLIC: C Series Commemoratives 2103 ( )a 1953, Karl Marx (C22) com plete (Scott ), right side mar gin blocks of 40 with im print and sheet num bers, in, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( )a 1953, Fa mous Men (C25) com plete (Scott ), in cor ner mar gin blocks of 40, all ex cept $400 with im prints, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,100-1, ( )a 1953, Fa mous Men (C25) com plete (Scott ), bot tom mar gin blocks of 40, with out gum as is - sued, Very Fine (photo on web site). Estimate HK$ 1,000-1, ( )a 1954, First Na tional Con gress (C29) com plete (Scott ), 40 sets, the $400 a block of 40 and the $800 two blocks of 20, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( )a 1954, First Na tional Con gress (C29) com plete (Scott ), 40 sets, the $400 a nu meric block of 40 and the $800 two nu meric blocks of 20, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( )a 1954, Con sti tu tion (C30) com plete (Scott ), com plete sheets of 60, with out gum as is sued; folded, one piece of sel vage miss ing at left on one stamp only be low nu meric mark ing, Very Fine (photo on web site). Estimate HK$ 2,500-3, ( )a 1954, Con sti tu tion (C30) com plete (Scott ), com plete sheets of 60, with out gum as is sued; folded once, with one piece of sel vage miss ing on one stamp only at left be low nu meric mark ing, Very Fine (photo on web site). Estimate HK$ 2,000-2, ( )a 1954, Con sti tu tion (C30) com plete (Scott ), 40 sets, in match ing blocks of 20, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 800-1, ( ) 1955, Sci en tists of An cient China sou ve nir sheets (C33M) com plete (Scott 245a-248a), with out gum as is sued, Very Fine. Estimate HK$ 1,000-1, ( ) 1955, Sci en tists of An cient China sou ve nir sheets (C33M) com plete (Scott 245a-248a), with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,000-1, ( ) 1955, Sci en tists of An cient China sou ve nir sheets (C33M) com plete (Scott 245a-248a), with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,000-1, ( ) 1955, Sci en tists of An cient China sou ve nir sheets (C33M) com plete (Scott 245a-248a), with out gum as is sued; 245a,247a-48a shal low thins, Very Fine (photo on web site). Estimate HK$ 1,000-1, ( ) 1955, Sci en tists of An cient China sou ve nir sheets (C33M) com plete (Scott 245a-248a), with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,000-1,500 Sale 13 - Sep. 28,

26 PEOPLE S REPUBLIC: C Series Commemoratives 2116 ( )a 1957, Work ers Ath letic Meet ing (C39) com plete (Scott ), blocks of 10, with out gum as is - sued; folded, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( ) 1957, 8f Truck Pro duc tion (C40) (Scott 312), with out gum as is sued, fresh choice ex am ple, Su perb; 2014 PSE cer tif i cate, graded Su perb 98. Estimate HK$ ( )a 1957, Yangtse River Bridge at Wuhan (C43) com plete (Scott ), lower left cor ner mar gin blocks of 50 with mar ginal nu meric mark ings, with out gum as is sued; mi nor sep a ra tions, Very Fine (photo on web site). Estimate HK$ 1,500-2, ( ) 1958, Peo ple s Heroes Mon u ment sou ve nir sheet (C47M) (Scott 344a), with out gum as is sued, Very Fine. Estimate HK$ 1,500-2, ( ) 1958, Peo ple s Heroes Mon u ment sou ve nir sheet (C47M) (Scott 344a), with out gum as is sued, Ex - tremely Fine (photo on web site). Estimate HK$ 1,500-2, ( ) 1958, Kuan Han-ching sou ve nir sheet (C50M) (Scott 357a), with out gum as is sued, Very Fine. Estimate HK$ 2,000-3, ( ) 1958, Kuan Han-ching sou ve nir sheet (C50M) (Scott 357a), with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 2,000-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

27 PEOPLE S REPUBLIC: C Series Commemoratives 2123 ( )a 1958, Re turn of Chi nese Vol un teers from Ko rea (C57) com plete (Scott ), cor ner mar gin blocks of 10 with sheet num bers, with out gum as is sued; folded, Very Fine (photo on web site). Estimate HK$ 1,000-1, ( )a 1959, In ter na tional Women s Day (C59) com plete (Scott ), match ing bot tom right cor ner mar gin blocks of 50, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,600-2, ( )a 1959, In ter na tional Women s Day (C59) com plete (Scott ), match ing left side sheet mar gin blocks of 60 with mar ginal nu meric mark ings, with out gum as is sued; folded once along perfs for stor age, Very Fine (photo on web site). Estimate HK$ 2,400-3, ( )a 1959, World Ta ble Ten nis Cham pi on ships (C66) com plete (Scott ), match ing right mar gin blocks of 40, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 3,200-4, a 1959, 10th An ni ver sary of Peo ple s Re pub lic (3rd Is sue) (C69) com plete (Scott ), matched top and bot tom mar gin blocks of 10 with im prints, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,500-2, a 1959, 10th An ni ver sary of Peo ple s Re pub lic (3rd Is sue) (C69) com plete (Scott ), match - ing right side mar gin blocks of 20 with im prints, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 4,800-6, ( ) 1959, 10th An ni ver sary of Peo ple s Re pub lic (5th Is sue) (C71) (Scott 456), with out gum as is sued, Very Fine. Estimate HK$ 1,500-2, ( ) 1959, 10th An ni ver sary of Peo ple s Re pub lic (5th Is sue) (C71) (Scott 456), with out gum as is sued, very fresh, not a drop of ton ing, Very Fine. Estimate HK$ 1,500-2, ( )a 1959, 10th An ni ver sary of Peo ple s Re - pub lic (5th Is sue) (C71) (Scott 456), cor ner mar gin block of 4 with nu mer i cal mark ings, with out gum as is - sued; folded along perfs, Very Fine. Estimate HK$ 1,200-1, Sale 13 - Sep. 28,

28 PEOPLE S REPUBLIC: C Series Commemoratives 2132 ( )a 1959, Exhibition of Industry and Communications (C73) complete (Scott ), match ing top mar gin half sheets of 50 with im prints, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,500-2,000 Ex , Tsunyi Con fer ence (C74) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,400-1, a 1960, Le nin (C77) com plete (Scott ), mar ginal blocks of 10, o.g., never hinged; folded, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1961, World Ta ble Ten nis Cham pi on ships (C86) com plete (Scott ), blocks of 10, o.g., never hinged; ver ti cal fold through perfs, Very Fine (photo on web site). Estimate HK$ 1,400-1, ( ) 1961, World Ta ble Ten nis Cham pi on ships sou ve nir sheet (C86M) (Scott 566a), with out gum as is - sued, Very Fine. Estimate HK$ 6,000-8, , World Ta ble Ten nis Cham pi on ships sou ve nir sheet (C86M) (Scott 566a), o.g., never hinged, Very Fine. Estimate HK$ 5,000-6, a 1961, Zhan Tianyou (C87) com plete (Scott ), blocks of 10 with sheet num bers, o.g., never hinged; folded, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1961, Zhan Tianyou (C87) com plete (Scott ), match ing right mar gin blocks of 25 with im - prints, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,000-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

29 PEOPLE S REPUBLIC: C Series Commemoratives Ex 2140 Ex 2141 Ex , Chi nese Com mu nist Party 40th An ni ver sary (C88) com plete (Scott ), o.g., never hinged, pris tine mint, Very Fine. Estimate HK$ 1,500-2, , Chi nese Com mu nist Party 40th An ni ver sary (C88) com plete (Scott ), o.g., never hinged, fresh mint, Very Fine. Estimate HK$ 1,500-2, , Chi nese Com mu nist Party 40th An ni ver sary (C88) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,500-1, , Chi nese Com mu nist Party 40th An ni ver sary (C88) com plete (Scott ), lightly dis - turbed o.g., Very Fine (photo on web site). Estimate HK$ 1,200-1,600 Ex , Mon go lian Peo ple s Rev o lu tion (C89) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 800-1, , Sci en tists of An cient China (C92) com plete (Scott ), matched right mar gin blocks of 10, o.g., never hinged; folded, Very Fine (photo on web site). Estimate HK$ 4,800-5,400 Ex , Mei Lan-fang, per fo rated (C94) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 12,000-14,000 Sale 13 - Sep. 28,

30 PEOPLE S REPUBLIC: C Series Commemoratives Ex , Mei Lan-fang, per fo rated (C94) com plete (Scott ), o.g., never hinged; cou ple small ish flaws, oth er wise Very Fine. Estimate HK$ 8,000-10, No Lot - Ex , Mei Lan-fang, per fo rated (C94) com plete (Scott ), flaw less o.g. with out any of the usual cracks or bends, never hinged, hand some Very Fine ap pear ance. Estimate HK$ 8,000-10,000 Ex , Mei Lan-fang, per fo rated (C94) com plete (Scott ), o.g., never hinged, ex cept 620, 622, 625 NG; 623 LH, Very Fine. Estimate HK$ 6,000-7,000 Ex , Mei Lan-fang, per fo rated (C94) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 6,000-8, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

31 PEOPLE S REPUBLIC: C Series Commemoratives Ex , Mei Lan-fang, per fo rated (C94) com plete (Scott ), o.g., hinge rem nant, Very Fine. Estimate HK$ 5,000-6,000 Ex , Mei Lan-fang, per fo rated (C94) com plete (Scott ), CTO, nice ap pear ance; low val ues perf stained along top perfs, oth er wise Fine to Very Fine. Estimate HK$ 1,500-2,000 Ex , Mei Lan-fang, im per fo rate (C94i) com plete (Scott vars.), o.g., never hinged, Very Fine. Estimate HK$ 38,000-42,000 Sale 13 - Sep. 28,

32 PEOPLE S REPUBLIC: C Series Commemoratives , Mei Lan-fang sou ve nir sheet (C94M) (Scott 628), o.g., never hinged, Ex tremely Fine; with 2014 PSE cer tif i cate, graded XF 90. Estimate HK$ 100, ,000 A pre mier phil a telic item of the Peo ple s Re pub lic of China, in flaw less con di tion. 26 stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

33 PEOPLE S REPUBLIC: C Series Commemoratives , Mei Lan-fang sou ve nir sheet (C94M) (Scott 628), o.g., never hinged, won der fully fresh, with full clean white gum, a lovely ex am ple of this ever pop u lar, key is sue of the PRC; tiny cor ner crease at lower left shows with re sid ual cor ner scuff, Very Fine. Estimate HK$ 80, ,000 Sale 13 - Sep. 28,

34 PEOPLE S REPUBLIC: C Series Commemoratives , Mei Lan-fang sou ve nir sheet (C94M) (Scott 628), o.g., never hinged; small cor ner wrin kle lower left, 3-4 black print ing ink specks lower right, cor ner tip wrin kle, oth er wise Very Fine. Estimate HK$ 80, , stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

35 PEOPLE S REPUBLIC: C Series Commemoratives , Mei Lan-fang sou ve nir sheet (C94M) (Scott 628), o.g., a fa cially at trac tive sheet; a cou ple of scuff marks at right & left of cen tral stamp; slight gum dis tur bance at top, along with ink no ta tion on gum, oth er wise Very Fine. Estimate HK$ 30,000-40,000 Sale 13 - Sep. 28,

36 PEOPLE S REPUBLIC: C Series Commemoratives , Rus sian Rev o lu tion (C95) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,400-1, a 1962, Al ba nian In de pend ence (C96) com plete (Scott ), 20 sets, in match ing left side mar gin blocks of 10 and top and bot tom mar gin blocks of 10 with im prints, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,600-2,000 Ex 2161 Ex 2162 Ex , Cu ban Rev o lu tion (C97) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,500-2, , Cu ban Rev o lu tion (C97) com plete (Scott ), o.g., Very Fine. Estimate HK$ 1,500-2, , Cu ban Rev o lu tion (C97) com plete (Scott ), o.g., never hinged (4 fen spot of gum glaze), Very Fine. Estimate HK$ 1,500-2, , Cu ban Rev o lu tion (C97) com plete (Scott ), o.g. (10 fen gum raised, dis turbed gum), Very Fine (photo on web site). Estimate HK$ 1,200-1,600 Ex a 1963, Cu ban Rev o lu tion (C97) com plete (Scott ), im print blocks of 4, CTO, Very Fine. Estimate HK$ 2,500-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

37 PEOPLE S REPUBLIC: C Series Commemoratives 2166 a 1964, Af ri can Free dom Day (C103) com plete (Scott ), com plete sheets of 50, o.g., never hinged; folded once hor i zon tally along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1964, Af ri can Free dom Day (C103) com plete (Scott ), com plete sheets of 50, o.g., never hinged; folded once hor i zon tally along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1964, South Viet nam Vic tory Cam paign (C105) (Scott 766), up per left cor ner mar gin block of 8, o.g., never hinged; folded along perfs, Very Fine. Estimate HK$ 1,200-2, , 15th An ni ver sary of the Peo ple s Re pub lic (C106) com plete (Scott 798b), se-ten ant strip of 3, o.g., never hinged, Very Fine. Estimate HK$ 1,500-1,700 Sale 13 - Sep. 28,

38 PEOPLE S REPUBLIC: C Series Commemoratives , 15th An ni ver sary of the Peo ple s Re pub lic sou ve nir sheet (C106M) (Scott 798a), o.g., never hinged, beau ti ful and spot less con di tion, Su perb, with 2014 PSE cer tif i cate, graded Superb 98. Estimate HK$ 20,000-22, , 15th An ni ver sary of the Peo ple s Re pub lic sou ve nir sheet (C106M) (Scott 798a), o.g., never hinged; ar eas of dulled gum on re verse and small sur face mark in mar gin on front, oth er wise fresh and Very Fine. Estimate HK$ 12,000-16, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

39 PEOPLE S REPUBLIC: C Series Commemoratives , Tsunyi Con fer ence (C109) com plete (Scott ), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,400-1,600 Ex , Tsunyi Con fer ence (C109) com plete (Scott ), o.g., never hinged, Fine to Very Fine. Estimate HK$ 2,000-3, a 1965, World Ta ble Ten nis Cham pi on ships (C112) com plete, se-ten ant (Scott 827a), 20 sets in left and right mar gin blocks of 10 with im prints, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,600-2,000 Ex , 20th An ni ver sary of Vic tory Over Ja pan (C115) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 800-1,000 Ex 2176 Ex , 2nd Na tional Games (C116) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,800-3, , 2nd Na tional Games (C116) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,600-3, , Third Five-Year Plan (C118) com plete (Scott ), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 750-1,000 Sale 13 - Sep. 28,

40 PEOPLE S REPUBLIC: C Series Commemoratives 2179 a 1966, Afro-Asian Writer s Con fer ence (C119) com plete (Scott ), match ing top mar gin blocks of 10, o.g., never hinged; folded twice ver ti cally along perfs, Very Fine (photo on web site). Estimate HK$ 1,400-2, a 1966, Afro-Asian Writer s Con fer ence (C119) com plete (Scott ), match ing mar gin blocks of 10, o.g., never hinged; folded twice ver ti cally along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1,800 Ex 2181 Ex 2182 Ex , Ath letic Games of New Emerg ing Forces (C121) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,000-3, , Ath letic Games of New Emerg ing Forces (C121) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,000-3, , Ath letic Games of New Emerg ing Forces (C121) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,000-3, , Lu Xun (C122) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,500-2, , Lu Xun (C122) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,500-2, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

41 PEOPLE S REPUBLIC: S Series Commemoratives Ex 2186 Ex 2187 Ex , Liu Ying-jun (C123) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,000-2, , Liu Ying-jun (C123) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,000-2, , Oil well Firefighters (C124) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 800-1, S Series Commemoratives 2189 ( )a 1952, Glo ri ous Mother Coun try (1st Is sue) (S3) com plete (Scott ), cor ner mar gin in scrip tion blocks of 40, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 2,400-3, ( )a 1952, Glo ri ous Mother Coun try (1st Is sue) (S3) com plete (Scott ), sheets of 96, with out gum as is sued; sen si bly folded along perfs for stroage, Very Fine (photo on web site). Estimate HK$ 5,000-6,000 Ex 2191 Ex ( ) 1952, Gym nas tics by Ra dio (S4) com plete (Scott ), with out gum as is sued, Very Fine. Estimate HK$ 6,000-7, ( ) 1952, Gym nas tics by Ra dio (S4) com plete (Scott ), with out gum as is sued, Very Fine. Estimate HK$ 6,000-7,000 Sale 13 - Sep. 28,

42 PEOPLE S REPUBLIC: S Series Commemoratives 2193 ( )a 1952, Glo ri ous Mother Coun try (2nd is sue) (S5) com plete (Scott ), blocks of 20 ex cept $800 red a block of 16, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( )a 1952, Glo ri ous Mother Coun try (2nd is sue) (S5) com plete (Scott ), sheets of 98, in, with out gum as is sued; few triv ial mar gin bends and folded along perfs, fressh and Very Fine (photo on web site). Estimate HK$ 4,000-6, ( )a 1952, Glo ri ous Mother Coun try (2nd is sue) (S5) com plete (Scott ), sheets of 98, with out gum as is sued; few triv ial mar gin bends and folded along perfs, fressh and Very Fine (photo on web site). Estimate HK$ 4,000-6, ( )a 1954, Anshan Steel Works (S10) com plete (Scott ), 50 sets in up per left nu meric mar ginal blocks of 20 and blocks of 30, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,600-2, ( )a 1954, Prog ress in Tech nol ogy (S11) com plete (Scott ), cor ner mar gin blocks of 50, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 2,000-2, ( )a 1954, Prog ress in Tech nol ogy (S11) com plete (Scott ), com plete sheets of 96, with out gum as is sued, won der fully fresh with good mar gins; folded once, Very Fine (photo on web site). Estimate HK$ 2,500-3, ( )a 1954, Prog ress in Tech nol ogy (S11) com plete (Scott ), com plete sheets of 96, with out gum as is sued, fresh and choice; folded once, Very Fine (photo on web site). Estimate HK$ 2,500-3, ( ) 1954, $800 Prog ress in Tech nol ogy (S11) (Scott 236), with out gum as is sued, fresh choice ex am ple, Su perb; 2014 PSE cer tif i cate, graded Su perb 98. Estimate HK$ ( )a 1955, Five Year Plan (S13) com plete (Scott ), 20 sets in match ing up per right cor ner mar gin blocks of 20, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 10,000-15, ( ) 1957, 8f Ag ri cul tural Co-op er a tives (S20) (Scott 333), with out gum as is sued, fresh choice ex am ple, Su perb; 2013 PSE cer tif i cate, graded Superb 98. Estimate HK$ ( )a 1958, Chi nese Fos sils (S22) com plete (Scott ), lower right cor ner mar gin blocks of 50 with mar ginal nu meric mark ings, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 2,000-2, ( )a 1958, Chi nese Fos sils (S22) com plete (Scott ), up per right cor ner mar gin blocks of 50, with - out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,600-2, ( )a 1958, Me te o rol ogy (S24) com plete (Scott ), 20 sets, in match ing cor ner mar gin blocks of 10. One set of blocks with mar ginal nu meric mark ings, with out gum as is sued; each one fold along perfs, Very Fine (photo on web site). Estimate HK$ 1,500-2, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

43 PEOPLE S REPUBLIC: S Series Commemoratives 2206 ( )a 1958, For estry (S27) com plete (Scott ), mar ginal blocks of 10, with out gum as is sued, fresh; folded, Very Fine (photo on web site). Estimate HK$ 800-1, ( )a 1958, Avi a tion Sports (S29) com plete (Scott ), matched right mar gin blocks of 50, with out gum as is sued; each value folded once along perfs, Very Fine (photo on web site). Estimate HK$ 2,500-3, ( )a 1958, Avi a tion Sports (S29) com plete (Scott ), match ing left mar gin blocks of 50 with nu mer - i cal num bers, with out gum as is sued; folded once along perfs for stor age, Very Fine (photo on web site). Estimate HK$ 2,500-3, ( )a 1959, Mu seum of Nat u ral His tory (S31) com plete (Scott ), blocks of 10with nu mer i cal im - print on bot tom sel vage, with out gum as is sued, Fine to Very Fine (photo on web site). Estimate HK$ 800-1, ( )a 1959, Mu seum of Nat u ral His tory (S31) com plete (Scott ), match ing bot tom mar gin blocks of 40, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,400-1, ( )a 1960, National Agricultural Exhibition Hall (S37) complete (Scott ), match ing top magin blocks of 50 with nu mer i cal mar ginal mark ings, with out gum as is sued; few mi nor sep a ra tions, Very Fine (photo on web site). Estimate HK$ 2,000-2,500 Ex , Gold fish (S38) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 5,000-6,000 Ex 2213 Ex , Gold fish (S38) com plete (Scott ), o.g. (shiny to dull gum), never hinged, Fine to Very Fine cen ter ing. Estimate HK$ 4,000-5, , Gold fish (S38) com plete (Scott ), some usual dryish o.g., Very Fine. Estimate HK$ 1,800-2, / 1960, Gold fish (S38) com plete (Scott ), both a MNH set, with mi nor ton ing or some dis turbed gum al though very clean from the front, and a CTO set, hand some Very Fine ap pear ance (photo on web site). Estimate HK$ 2,000-3,000 Sale 13 - Sep. 28,

44 PEOPLE S REPUBLIC: S Series Commemoratives Ex 2216 Ex 2217 Ex , Pig Breed ing (S40) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,800-2, , Pig Breed ing (S40) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,800-2, , Pig Breed ing (S40) com plete (Scott ), dis turbed o.g., oth ers o.g., never hinged, Fine to Very Fine. Estimate HK$ 1,800-2, / 1960, Pig Breed ing (S40) com plete (Scott ), both a MNH set, with mi nor ton ing al though very clean from the front, and a CTO ed set, Very Fine ap pear ance (photo on web site). Estimate HK$ 1,000-1,500 Ex 2220 Ex 2221 Ex , Chry san the mums (S44) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 8,000-9, , Chry san the mums (S44) com plete (Scott ), pris tine mint with im mac u late o.g., never hinged, Very Fine and choice. Estimate HK$ 5,000-6, , Chry san the mums (S44) com plete (Scott ), o.g., gen er ally lightly hinged; 4 fen pink small fa cial scuff, oth er wise Fine to Very Fine. Estimate HK$ 2,600-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

45 PEOPLE S REPUBLIC: S Series Commemoratives Ex 2223 Ex 2224 Ex , Tang Dy nasty Pot tery (S46) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 800-1, , Re birth of the Ti betan Peo ple (S47) com plete (Scott ), o.g., never hinged, pure white gum, Very Fine. Estimate HK$ 2,600-3, , Re birth of the Ti betan Peo ple (S47) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,800-2, ( )a 1962, Chi nese Folk Dances (1st Is sue) (S49) com plete (Scott ), match ing top and bot tom mar gin blocks of 20 with im prints, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,600-2,000 Ex 2227 Ex , Sup port for Cuba (S51) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,700-1, , Sup port for Cuba (S51) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,500-2, a 1962, Sup port for Al ge ria (S52) com plete (Scott ), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,400-3, ( )a 1963, Chi nese Folk Dances (2nd Is sue) (S53) com plete (Scott ), 50 sets, the 4f, 10f and 20f in com plete sheets of 50 with the other val ues in match ing left or right half sheets of 25 with im prints, with out gum as is sued; the sheets folded once ver ti cally along perfs, Very Fine (photo on web site). Estimate HK$ 3,200-4,000 Sale 13 - Sep. 28,

46 PEOPLE S REPUBLIC: S Series Commemoratives Ex ( ) 1963, Chil dren, per fo rated & im per fo rate (S54, S54i) com plete (Scott , vars.), with out gum as is sued, Very Fine. Estimate HK$ 1,500-2,000 Ex ( ) 1963, Chil dren, im per fo rate (S54i) com plete (Scott vars.), with out gum as is sued; cou ple of min ute spots on 20f, Very Fine. Estimate HK$ 1,500-2,000 Ex ( ) 1963, Chil dren, im per fo rate (S54i) com plete (Scott vars.), with out gum as is sued, Very Fine. Estimate HK$ 1,500-2, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

47 PEOPLE S REPUBLIC: S Series Commemoratives Ex 2234 Ex 2235 Ex 2236 Ex 2237 Ex ( ) 1963, But ter flies (S56) com plete (Scott ), the 5 April printings, all im print sin gles (10 val ues), with out gum as is sued, fresh, Very Fine. Estimate HK$ 3,000-4, ( ) 1963, But ter flies (S56) com plete (Scott ), with out gum as is sued, Very Fine. Estimate HK$ 2,400-3, ( ) 1963, But ter flies (S56) com plete (Scott ), with out gum as is sued, a lovely set, Very Fine. Estimate HK$ 2,400-3, ( ) 1963, But ter flies (S56) com plete (Scott ), with out gum as is sued, Very Fine. Estimate HK$ 2,400-3, ( ) 1963, But ter flies (S56) com plete (Scott ), with out gum as is sued, Ex tremely Fine. Estimate HK$ 2,400-3,000 Ex 2239 Ex , Hwangshan (Yel low Moun tain) Land scapes (S57) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 6,000-7, , Hwangshan (Yel low Moun tain) Land scapes (S57) com plete (Scott ), o.g., never hinged, pure white gum, Very Fine. Estimate HK$ 6,000-8,000 Sale 13 - Sep. 28,

48 PEOPLE S REPUBLIC: S Series Commemoratives Ex 2241 Ex , Hwangshan (Yel low Moun tain) Land scapes (S57) com plete (Scott ), P.O. fresh, with im mac u late, clean o.g., never hinged, Very Fine. Estimate HK$ 5,000-6, / 1963, Hwangshan (Yel low Moun tain) Land scapes (S57) com plete (Scott ), o.g., hinged or never hinged, Very Fine. Estimate HK$ 5,000-6,000 Ex 2243 Ex , Hwangshan (Yel low Moun tain) Land scapes (S57) com plete (Scott ), o.g., Very Fine. Estimate HK$ 5,000-6, , Hwangshan (Yel low Moun tain) Land scapes (S57) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 5,000-6,000 Ex , Hwangshan (Yel low Moun tain) Land scapes (S57) com plete (Scott ), CTO, fresh and Fine to Very Fine. Estimate HK$ 1,000-1, ( )a 1963, Chi nese Folk Toys (S58) com plete (Scott ), match ing up per right cor ner mar gin blocks of 25 with im prints, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,600-2, ( )a 1963, Chi nese Folk Toys (S58) com plete (Scott ), match ing up per mar gin blocks of 25 with im prints, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,600-2, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

49 PEOPLE S REPUBLIC: S Series Commemoratives , Gi ant Pan das, per fo rated (S59) com plete (Scott ), two sets, o.g., never hinged, Very Fine. Estimate HK$ 1,500-1,700 Ex 2249 Ex , Gi ant Pan das, im per fo rate (S59i) com plete (Scott vars.), o.g., never hinged, in clud - ing 8f stamp with top sel vage, Fine to Very Fine. Estimate HK$ 1,500-1, , Gi ant Pan das, im per fo rate (S59i) com plete (Scott vars.), o.g., never hinged, fresh and bright, am ple mar gins, Very Fine. Estimate HK$ 1,250-2,000 Ex 2251 Ex , Golden-haired Mon keys, im per fo rate (S60i) com plete (Scott vars.), o.g., never hinged, Very Fine. Estimate HK$ 1,500-2, , Golden-haired Mon keys, im per fo rate (S60i) com plete (Scott vars.), o.g., never hinged, Ex tremely Fine. Estimate HK$ 1,200-1,400 Sale 13 - Sep. 28,

50 PEOPLE S REPUBLIC: S Series Commemoratives Ex 2253 Ex 2254 Ex , Chi nese Pe o nies (S61) com plete (Scott ), clean o.g., very fresh, Ex tremely Fine. Estimate HK$ 3,000-3, , Chi nese Pe o nies (S61) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,600-3, , Chi nese Pe o nies (S61) com plete (Scott ), sev eral with mar gin, o.g., never hinged, Very Fine. Estimate HK$ 2,600-3,000 Ex , Chi nese Pe o nies (S61) com plete (Scott ), o.g., never hinged; spot ted gum, Fine to Very Fine. Estimate HK$ 2,000 Ex 2257 Ex 2258 Ex , Chi nese Pe o nies (S61) com plete (Scott ), o.g.; 781 shal low thin, oth er wise Very Fine. Estimate HK$ 1,500-2, , Chi nese Pe o nies (S61) com plete (Scott ), hor i zon tal pairs, un folded, im mac u late P.O. fresh o.g., never hinged, Very Fine. Estimate HK$ 7,500-8, , Chi nese Pe o nies (S61) com plete (Scott ), all in scrip tion sin gles ex cept S339, CTO, fresh, clean and Very Fine. Estimate HK$ 1,000-1, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

51 PEOPLE S REPUBLIC: S Series Commemoratives ( ) 1964, Chi nese Pe o nies sou ve nir sheet (S61M) (Scott 782), with out gum as is sued, fresh, Very Fine; with 2014 PSE cer tif i cate, graded VF 80. Estimate HK$ 18,000-20, ( ) 1964, Chi nese Pe o nies sou ve nir sheet (S61M) (Scott 782), with out gum as is sued, Very Fine. Estimate HK$ 14,000-16, , Chi nese Pe o nies sou ve nir sheet (S61M) (Scott 782), cancelled to or der with first day of is sue can cel la tion, bright, Very Fine. Estimate HK$ 5,000-6,000 Sale 13 - Sep. 28,

52 PEOPLE S REPUBLIC: S Series Commemoratives Ex , New In dus trial Ma chines (S62) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,600-1, a 1964, Women of the Peo ple s Com mune (S64) com plete (Scott ), blocks of 4 with im print on top sel vage, o.g., never hinged, Fine to Very Fine (photo on web site). Estimate HK$ a 1964, Women of the Peo ple s Com mune (S64) com plete (Scott ), match ing right mar gin blocks of 25 with im prints, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,500-4, a 1964, Women of the Peo ple s Com mune (S64) com plete (Scott ), match ing left side mar gin blocks of 25 with im prints, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,500-4,000 Ex 2267 Ex 2268 Ex , Pe tro leum In dus try (S67) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,000-3, , Pe tro leum In dus try (S67) com plete (Scott ), o.g., Very Fine. Estimate HK$ 2,000-3, , Pe tro leum In dus try (S67) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,000-3, , Xinanjiang Hy dro-elec tric Power Sta tion (S68) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,700-2, , Xinanjiang Hy dro-elec tric Power Sta tion (S68) com plete (Scott ), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,600-3, a 1964, Xinanjiang Hy dro-elec tric Power Sta tion (S68) com plete (Scott ), mar gin blocks of 4, CTO, Very Fine (photo on web site). Estimate HK$ 1,200-1, , Chem i cal In dus try (S69) com plete (Scott ), mar ginal blocks of 10, o.g., never hinged; folded, Very Fine (photo on web site). Estimate HK$ 1,800-2,200 Ex stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

53 PEOPLE S REPUBLIC: S Series Commemoratives 2274 a 1965, Chi nese Moun tain eer ing Achieve ments (S70) com plete (Scott ), blocks of 4 with bot tom or top sel vage, o.g., never hinged, Fine to Very Fine (photo on web site). Estimate HK$ 1,200-1,600 Ex 2275 Ex , Women in In dus try (S71) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 800-1, , Jinggang Moun tains (S73) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,800-2,000 Ex 2277 Ex , Peo ple s Lib er a tion Army (S74) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,600-3, , Peo ple s Lib er a tion Army (S74) com plete (Scott ), 3 val ues in scrip tion sin gles, o.g., never hinged, Fine to Very Fine. Estimate HK$ 2,000-3,000 Ex 2279 Ex , Peo ple s Lib er a tion Army (S74) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,800-2, , Peo ple s Lib er a tion Army (S74) com plete (Scott ), with bot tom or right sel vage, o.g., Very Fine. Estimate HK$ 1,000-1,500 Sale 13 - Sep. 28,

54 PEOPLE S REPUBLIC: W Series Commemoratives 2281 a 1966, Women in Pub lic Ser vice (S75) com plete (Scott ), match ing up per left mar gin blocks of 10 with im print, o.g., never hinged; folded twice hor i zon tally along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1966, Women in Pub lic Ser vice (S75) com plete (Scott ), match ing bot tom mar gin blocks of 25 with im prints, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,200-4, W Series Commemoratives , Thoughts of Chair man Mao (W1) com plete (Scott ), in strips of 5, o.g., never hinged; red strip folded along perfs, Very Fine. Estimate HK$ 10,000-15, , Thoughts of Chair man Mao (W1) com plete (Scott ), in strips of 5, o.g., never hinged; strips folded along perfs, some slight gold tar nish ing, oth er wise Very Fine. Estimate HK$ 6,000-8, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

55 PEOPLE S REPUBLIC: W Series Commemoratives , Thoughts of Chair man Mao (W1) com plete (Scott ), o.g., never hinged, no tar nish ing, Very Fine. Estimate HK$ 5,000-6,000 Ex , Thoughts of Chair man Mao (W1) com plete (Scott ), CTO; right hand stamp of each strip sep a rated, gold lightly tar nished, Fine to Very Fine. Estimate HK$ 4,000-5,000 Ex , Thoughts of Chair man Mao (W1) com plete (Scott ), postally used sin gles; as ex - pected wrin kles and a cou ple crease as well as some miss ing gold, Fine to Very Fine. Estimate HK$ 2,500-3,000 Sale 13 - Sep. 28,

56 PEOPLE S REPUBLIC: W Series Commemoratives Ex , Thoughts of Chair man Mao (W1) com plete (Scott 938, 943a, 948a), se-ten ant strips of 5, o.g., never hinged, un blem ished gold; lightly folded, Very Fine. Estimate HK$ 15,000-20,000 Ex , Thoughts of Chair man Mao (W1) com plete (Scott 938, 943a, 948a), se-ten ant strips of 5, o.g., never hinged, bright gold; lightly folded, Very Fine. Estimate HK$ 15,000-20,000 Ex , Thoughts of Chair man Mao (W1) com plete (Scott 938, 943a, 948a), se-ten ant strips of 5, both strips bot tom mar gin ex am ples with im prints, o.g., stamps never hinged, hinged in mar gins only, folded with good gold; 938 crease and mount-glazed gum, Fine to Very Fine. Estimate HK$ 7,500-8,500 Ex , Thoughts of Chair man Mao (W1) com plete (Scott 938, 943a, 948a), se-ten ant strips of 5, CTO; both strips folded, Very Fine. Estimate HK$ 6,000-8, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

57 PEOPLE S REPUBLIC: W Series Commemoratives , Thoughts of Chair man Mao (W1), red frame (Scott 943a), se-ten ant strip of 5, o.g., never hinged, bril liant gold color, Ex tremely Fine to Su perb, with 2014 PSE cer tif i cate, graded XF-Su perb 95. Estimate HK$ 10,000-12, , Thoughts of Chair man Mao (W1), gold frame (Scott 948a), se-ten ant strip of 5, o.g., never hinged, bril liant gold color, Ex tremely Fine; ac com pa nied with 2014 PSE cer tif i cate, and graded XF 90. Estimate HK$ 10,000-12,000 Ex 2294 Ex 2295 Ex , Long Live Chair man Mao Our Great Teacher (W2) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 9,000-10, , Long Live Chair man Mao Our Great Teacher (W2) com plete (Scott ), o.g., hinge rem - nant, Very Fine. Estimate HK$ 8,000-10, , Long Live Chair man Mao Our Great Teacher (W2) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 6,000-8,000 Sale 13 - Sep. 28,

58 PEOPLE S REPUBLIC: W Series Commemoratives Ex 2297 Ex , Long Live Chair man Mao Our Great Teacher (W2) com plete (Scott ), CTO, Fine to Very Fine. Estimate HK$ 3,600-4, , Long Live Chair man Mao Our Great Teacher (W2) com plete (Scott ), CTO, Very Fine. Estimate HK$ 2,000-3,000 Ex 2299 Ex 2300 Ex , Talks on Lit er a ture and Art (W3) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 5,000-6, , Talks on Lit er a ture and Art (W3) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 5,000-6, , Talks on Lit er a ture and Art (W3) com plete (Scott ), o.g., Very Fine. Estimate HK$ 3,000-4,000 Ex 2302 Ex , Talks on Lit er a ture and Art (W3) com plete (Scott ), CTO, Very Fine. Estimate HK$ 3,500-4, , Talks on Lit er a ture and Art (W3) com plete (Scott ), CTO, Very Fine. Estimate HK$ 3,200-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

59 PEOPLE S REPUBLIC: W Series Commemoratives , Talks on Lit er a ture and Art (W3) com plete (Scott ), CTO, Very Fine (photo on web site). Estimate HK$ 1,500-2,000 Ex 2305 Ex , 46th An ni ver sary of Chi nese Com mu nist Party (W4) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 2,000-2, , 46th An ni ver sary of Chi nese Com mu nist Party (W4) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,700-1,900 Ex 2307 Ex 2308 Ex , Rev o lu tion ary Lit er a ture and Art (W5) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 6,000-7, , Rev o lu tion ary Lit er a ture and Art (W5) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 5,000-6, , Rev o lu tion ary Lit er a ture and Art (W5) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 5,000-6,000 Ex 2310 Ex / 1968, Rev o lu tion ary Lit er a ture and Art (W5) com plete (Scott ), o.g., o.g., never hinged, lat ter three with bot tom sel vage, Very Fine. Estimate HK$ 3,500-5, , Rev o lu tion ary Lit er a ture and Art (W5) com plete (Scott ), CTO, clean; W28 creased, oth er wise Fine to Very Fine. Estimate HK$ 2,500-3,000 Sale 13 - Sep. 28,

60 PEOPLE S REPUBLIC: W Series Commemoratives Ex , Rev o lu tion ary Lit er a ture and Art (W5) com plete (Scott ), CTO, Very Fine. Estimate HK$ 1,200-1, Ex , 18th An ni ver sary of the Peo ple s Re pub lic (W6) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,500-1, , 4f 18th An ni ver sary of the Peo ple s Re pub lic (W6) (Scott 965), o.g., never hinged, pris tine, Ex tremely Fine; ac com pa nied with 2014 PSE cer tif i cate, and graded XF 90. Estimate HK$ 800-1, , 4f 18th An ni ver sary of the Peo ple s Re pub lic (W6) (Scott 966), o.g., never hinged, clean and fresh, Ex tremely Fine to Su perb; ac com pa nied with 2014 PSE cer tif i cate, and graded XF-Su perb 95. Estimate HK$ 1,500-1,700 Ex , Po ems of Chair man Mao (W7) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 18,000-24, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

61 PEOPLE S REPUBLIC: W Series Commemoratives Ex , Po ems of Chair man Mao (W7) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 18,000-24,000 Ex , Po ems of Chair man Mao (W7) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 18,000-24,000 Ex , Po ems of Chair man Mao (W7) com plete (Scott ), o.g., bits of hinge rem nant; 975 pa per wrin kle from mount, mount-glazed orig i nal gum, Very Fine. Estimate HK$ 14,000-18,000 Sale 13 - Sep. 28,

62 PEOPLE S REPUBLIC: W Series Commemoratives Ex , Po ems of Chair man Mao (W7) com plete (Scott ), CTO, Very Fine. Estimate HK$ 4,000-5, / , Po ems of Chair man Mao (W7), se lec tion (Scott ), com prised of used: short W45 but ex tra W40(2, one on piece), W43, W47, W49; mint NH: W45(pair and sin gle) W46 and W48; some used with mi - nor us age flaws, over all Very Fine (photo on web site). Estimate HK$ 5,000-6, a 1968, 10f Re ply to Com rade Guo Moro (W7) (Scott 978), in scrip tion block of 4, o.g., never hinged, Very Fine. Estimate HK$ 3,000-4, , Chair man Mao s Anti-Amer i can Dec la ra tion (W9) (Scott 991), o.g., never hinged, Very Fine. Estimate HK$ 4,000-5, , Chair man Mao s Anti-Amer i can Dec la ra tion (W9) (Scott 991), o.g., never hinged, Ex tremely Fine (photo on web site). Estimate HK$ 1,200-1, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

63 PEOPLE S REPUBLIC: W Series Commemoratives , Di rec tives of Chair man Mao (W10) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 8,000-10, , Di rec tives of Chair man Mao (W10) com plete (Scott 996a), se-ten ant strip of 5, o.g., never hinged; folded, Very Fine; with 2014 PSE cer tif i cate, graded VF 80. Estimate HK$ 25,000-30, , Di rec tives of Chair man Mao (W10) com plete (Scott 996a), se-ten ant strip of 5, o.g., folded, fresh and Very Fine (photo on web site). Estimate HK$ 10,000-15,000 Sale 13 - Sep. 28,

64 PEOPLE S REPUBLIC: W Series Commemoratives 2328 a 1968, Peo ple s Lib er a tion Army An ni ver sary (W11) (Scott 997), mar gin block of 4, o.g., never hinged, Very Fine. Estimate HK$ 1,000-1, a 1968, Peo ple s Lib er a tion Army An ni ver sary (W11) (Scott 997), block of 8, o.g., never hinged; folded once hor i zon tally along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1968, Peo ple s Lib er a tion Army An ni ver sary (W11) (Scott 997), bot tom mar gin block of 10, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1968, Peo ple s Lib er a tion Army An ni ver sary (W11) (Scott 997), right mar gin im print block of 10, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Chair man Mao Goes to Anyuan (W12) (Scott 998), o.g., never hinged, Very Fine. Estimate HK$ 1,000-1, , Chair man Mao Goes to Anyuan (W12) (Scott 998), o.g., never hinged, Very Fine. Estimate HK$ 1,000-1, , Chair man Mao Goes to Anyuan (W12) (Scott 998), o.g., never hinged, fresh ex am ple, bright gum, a su pe rior ex am ple, Very Fine. Estimate HK$ 1,000-1, , Chair man Mao Goes to Anyuan (W12) (Scott 998), o.g., never hinged, fresh ex am ple, bright gum, a su pe rior ex am ple, Very Fine. Estimate HK$ 1,000-1, , Chair man Mao Goes to Anyuan (W12) (Scott 998), o.g., never hinged, Ex tremely Fine (photo on web site). Estimate HK$ 1,000-1, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

65 PEOPLE S REPUBLIC: W Series Commemoratives 2337 a 1968, Chair man Mao Goes to Anyuan (W12) (Scott 998), cor ner mar gin block of 4, o.g., never hinged, Fine to Very Fine. Estimate HK$ 9,000-10, , Chair man Mao s In struc tion (W13) (Scott 999), o.g., never hinged, Very Fine. Estimate HK$ 2,000-3, , Chair man Mao s In struc tion (W13) (Scott 999), o.g., never hinged, Ex tremely Fine (photo on web site). Estimate HK$ 2,000-3,000 Sale 13 - Sep. 28,

66 PEOPLE S REPUBLIC: W Series Commemoratives A Great Rarity of the Cultural Revolution , The Whole Coun try is Red (W14) (Scott 999A), postally used, with neat, un ob tru sive cor ner can cel, a par tic u larly lovely ex am ple of this ever pop u lar rar ity, won der fully fresh; two tiny, shal low thin specks, oth - er wise Very Fine and choice. Estimate HK$ 250, , stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

67 PEOPLE S REPUBLIC: W Series Commemoratives a 1968, Hold Aloft Works of Chair man Mao (W16) (Scott 1000), right mar gin im print block of 4, o.g., never hinged, Very Fine. Estimate HK$ 800-1, E 1969, The Red Lan tern (W17) es say (Scott 1005 var.), with out gum as is sued, im mac u late con di - tion, Very Fine; with 2014 PSE cer tif i cate (photo on web site). Estimate HK$ ( )a 1969, The Red Lan tern (W17) com plete (Scott ), match ing up per left cor ner mar gin blocks of 4, with out gum as is sued, Very Fine. Estimate HK$ 1,500-2, ( ) 1969, 8f Ag ri cul tural Work ers (W18) (Scott 1010), with out gum as is sued, fresh choice ex am ple, Su - perb; 2013 PSE cer tif i cate, graded Superb 98. Estimate HK$ ( ) 1969, 8f De fense of Chen Pao-tao (W19) (Scott 1011), with the bay o nets al most miss ing, with out gum as is sued, Very Fine; with 2014 PSE cer tif i cate (photo on web site). Estimate HK$ ( ) 1970, Peo ple s Lib er a tion Army (W20), Jin Xunhua (W21), Tak ing Ti ger Moun tain by Strat egy (N1) com plete (Scott ), the year com plete, with out gum as is sued, Fine to Very Fine (photo on web site). Estimate HK$ 800-1, ( )a 1970, Peo ple s Lib er a tion Army (W20) (Scott 1046), up per right mar gin block of 10 with im print, with - out gum as is sued; folded twice ver ti cally along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, ( )a 1970, Peo ple s Lib er a tion Army (W20) (Scott 1046), up per right mar gin block of 10 with im print, with - out gum as is sued; folded twice ver ti cally along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1,200 Sale 13 - Sep. 28,

68 PEOPLE S REPUBLIC: N Series Commemoratives N Series Commemoratives Ex 2349 Ex ( ) 1970, Tak ing Ti ger Moun tain by Strat egy (N1) com plete (Scott ), with out gum as is - sued, Very Fine. Estimate HK$ 1,200-1, , Tak ing Ti ger Moun tain by Strat egy (N1) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 800-1, ( )a 1970, De fense of Chen Pao-tao (N2), perf 11½ (Scott 1053a), bot tom mar gin block of 50 with im - prints, with out gum as is sued; folded 3 times ver ti cally along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, ( )a 1970, De fense of Chen Pao-tao (N2), perf 11½ (Scott 1053a), left mar gin block of 50 with im prints, with out gum as is sued; folded 2 times hor i zon tally along perfs, Very Fine (photo on web site). Estimate HK$ 800-1,000 Ex ( ) 1971, Paris Com mune (N3) com plete (Scott ), with out gum as is sued, fresh, Fine to Very Fine. Estimate HK$ 2,000-2, ( ) 1971, Paris Com mune (N3) com plete (Scott ), with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,700-1, ( ) 1971, Paris Com mune (N3) com plete (Scott ), with out gum as is sued (photo on web site). Estimate HK$ 1,500-2, ( ) 1971, Paris Com mune (N3) com plete (Scott ), with out gum as is sued; 4f nibbed cor ner per fo ra tion, Very Fine (photo on web site). Estimate HK$ 1,000-1, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

69 PEOPLE S REPUBLIC: N Series Commemoratives Ex 2357 Ex ( ) 1971, Chi nese Com mu nist Party 50th An ni ver sary (N4) com plete (Scott ), in clud ing se-ten ant strip of three, with out gum as is sued, Very Fine. Estimate HK$ 2,500-2, ( ) 1971, Chi nese Com mu nist Party 50th An ni ver sary (N4) com plete (Scott ), in clud ing un - folded se-ten ant strip of 3, with out gum as is sued, Very Fine. Estimate HK$ 2,500-3,000 Ex 2359 Ex ( ) 1971, Chi nese Com mu nist Party 50th An ni ver sary (N4) com plete (Scott ), in clud ing folded along perfs se-ten ant strip of 3, with out gum as is sued, Very Fine. Estimate HK$ 2,500-3, , Chi nese Com mu nist Party 50th An ni ver sary (N4) com plete (Scott ), all mar gin sin gles, strip is in scrip tion, o.g., never hinged, Very Fine. Estimate HK$ 2,300-3,000 Ex , Chi nese Com mu nist Party 50th An ni ver sary (N4) com plete (Scott ), o.g., never hinged; strip of 3 folded be tween stamps, Very Fine. Estimate HK$ 2,000-3,000 Sale 13 - Sep. 28,

70 PEOPLE S REPUBLIC: N Series Commemoratives Ex 2362 Ex , Chi nese Com mu nist Party 50th An ni ver sary (N4) com plete (Scott ), all mar gin sin gles with the strip a cor ner mar gin with im print, o.g., never hinged, Very Fine. Estimate HK$ 2,000-2, , Chi nese Com mu nist Party 50th An ni ver sary (N4) com plete (Scott ), o.g., never hinged; folded strip, Very Fine. Estimate HK$ 2,000-2,600 Ex / 1971, Chi nese Com mu nist Party 50th An ni ver sary (N4) com plete (Scott ), imprint strip of 3 within set, o.g., only the im print mar gin of the strip is hinged, the stamps are never hinged, the red and yel low sin gles are hinged, Very Fine. Estimate HK$ 1,500-2,000 Ex a 1971, Afro-Asian Ta ble Ten nis Tour na ment (N5) com plete (Scott ), up per right cor ner mar gin im print blocks of 10, o.g., never hinged, un folded, very fresh, Ex tremely Fine. Estimate HK$ 4,000-4, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

71 PEOPLE S REPUBLIC: N Series Commemoratives Ex ( ) 1972, Ships (N7) com plete (Scott ), with out gum as is sued, Very Fine. Estimate HK$ 1,200-1, ( ) 1972, Ships (N7) com plete (Scott ), with out gum as is sued, Very Fine (photo on web site). Estimate HK$ ( ) 1972, Talks at the Yenan Fo rum on Lit er a ture and Art (N8) com plete (Scott ), match ing lower right mar gin pairs, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,000-1,500 Ex a 1972, Talks at the Yenan Fo rum on Lit er a ture and Art (N8) com plete (Scott ), match ing top mar gin im print blocks of 4, o.g., never hinged. Estimate HK$ 4,000-5, ( )a 1972, Talks at the Yenan Fo rum on Lit er a ture and Art (N8) com plete (Scott ), match ing right mar gin blocks of 8, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 6,400-8, , Mao s Edict on Phys i cal Cul ture (N9) com plete (Scott ), three sets, fresh and choice, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2,000 Sale 13 - Sep. 28,

72 PEOPLE S REPUBLIC: N Series Commemoratives , Wang Chin-hsi (N10) (Scott 1103), five ex am ples, all with sel vage, a lovely se lec tion, Very Fine (photo on web site). Estimate HK$ 1, a 1972, Wang Chin-hsi (N10) (Scott 1103), fif teen choice ex am ples, in cludes block of four and five with sel vage, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 4, a 1972, First Asian Ta ble Ten nis Cham pi on ships (N11) com plete (Scott ), imprint blocks of 4, o.g., never hinged, fresh, Very Fine (photo on web site). Estimate HK$ 2,000-2, , First Asian Ta ble Ten nis Cham pi on ships (N11) com plete (Scott ), six sets, fresh and bright, two sets with sel vage, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-2, , Red Flag Ca nal (N12) com plete (Scott ), in scrip tion sin gles, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1972, Red Flag Ca nal (N12) com plete (Scott ), bot tom mar gin blocks of 4, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-3, a 1972, Red Flag Ca nal (N12) com plete (Scott ), matched up per right cor ner mar gin blocks of 10 with im print, o.g., never hinged; hor i zon tally folded twice along perfs, Very Fine (photo on web site). Estimate HK$ 4,000-5, a 1972, Red Flag Ca nal (N12) com plete (Scott ), matched lower right cor ner mar gin blocks of 10 with im print, o.g., never hinged; hor i zon tally folded twice along perfs, Very Fine (photo on web site). Estimate HK$ 4,000-5, , The White-haired Girl (N13) com plete (Scott ), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ Ex , Gi ant Pan das (N14) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,400-2, , Gi ant Pan das (N14) com plete (Scott ), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ a 1973, Work ing Women (N15) com plete (Scott ), match ing bot tom mar gin im print blocks of 4, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 800-1, a 1973, His tor i cal Rel ics (N16) com plete (Scott ), blocks of 10, com plete in blocks of 10, o.g., never hinged; folded once ver ti cally through perfs, Very Fine (photo on web site). Estimate HK$ 3,200-4, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

73 PEOPLE S REPUBLIC: N Series Commemoratives Ex , In dus trial Prod ucts (N17) com plete (Scott ), o.g., never hinged, Very Fine. Estimate HK$ 1,700-1, , In dus trial Prod ucts (N17) com plete (Scott ), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2, , In dus trial Prod ucts (N17) com plete (Scott ), o.g., never hinged; usual off set on gum, Very Fine (photo on web site). Estimate HK$ 1,500-2, , In dus trial Prod ucts (N17) com plete (Scott ), o.g., never hinged; usual off set on gum, Very Fine (photo on web site). Estimate HK$ 1,500-2, , In dus trial Prod ucts (N17) com plete (Scott ), o.g., never hinged; usual off set on gum, Very Fine (photo on web site). Estimate HK$ 1,500-2, , In dus trial Prod ucts (N17) com plete (Scott ), o.g., never hinged; usual off set on gum, Very Fine (photo on web site). Estimate HK$ 1,500-2, , In dus trial Prod ucts (N17) com plete (Scott ), o.g., never hinged; usual off set on gum, Very Fine (photo on web site). Estimate HK$ 1,500-2, a 1974, Bare foot Doc tors (N18) com plete (Scott ), match ing left mar gin blocks of 6, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1974, Bare foot Doc tors (N18) com plete (Scott ), top and bot tom im print mar gin blocks of 10, o.g., never hinged; folded twice hor i zon tally, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1974, Bare foot Doc tors (N18) com plete (Scott ), matched bot tom mar gin blocks of 10, o.g., never hinged; folded twice ver ti cally, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1973, Chil dren s Song and Dances (N19) com plete (Scott 1121a), com plete sheet of 10 strips of 5 with im prints, o.g., never hinged; one ver ti cal fold along perfs be tween strips, Very Fine (photo on web site). Estimate HK$ 2,000-2,500 Sale 13 - Sep. 28,

74 PEOPLE S REPUBLIC: J Series Commemoratives J Series Commemoratives , 8f 3rd Na tional Games (J6) (Scott 1237), o.g., never hinged, fresh choice ex am ple, Su perb; 2013 PSE cer tif i cate, graded Su perb 98. Estimate HK$ , 8f Learn ing From Tachai in Ag ri cul ture (J7) (Scott 1242), o.g., never hinged, per fect choice ex am ple, Su perb; 2013 PSE cer tif i cate, graded Su perb 98. Estimate HK$ , Ful fill ment of 4th Five-Year Plan (J8) com plete (Scott ), all but one value with top or bot tom mar gin, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 800-1, , Ful fill ment of 4th Five-Year Plan (J8) com plete (Scott ), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ , Ful fill ment of 4th Five-Year Plan (J8) com plete (Scott ), two com plete sets, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2, , 8f Swim ming in Yangtse River (J10) (Scott 1279), o.g., never hinged, fresh choice ex am ple, Su perb; 2013 PSE cer tif i cate, graded Su perb 98. Estimate HK$ a 1977, First An ni ver sary of Death of Chu De (J19) com plete (Scott ), match ing left half sheets of 20, o.g., never hinged; each with one hor i zon tal fold along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1977, 50th An ni ver sary of Peo ple s Lib er a tion Army (J20) com plete (Scott ), top and bot tom mar gin blocks of 10, o.g., never hinged; each folded twice hor i zon tally along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1977, Com mu nist Party Con gress (J23) com plete (Scott ), top mar gin blocks of 10 with im prints, o.g., never hinged; each folded ver ti cally 5 times along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1977, Com mu nist Party Con gress (J23) com plete (Scott ), com plete sheets of 25, o.g., never hinged; each folded ver ti cally twice along perfs, Very Fine (photo on web site). Estimate HK$ 8,000-10, a 1978, 5th Na tional Peo ple s Con gress (J24) com plete (Scott ), match ing up per right mar gin blocks of 10 with im print, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

75 PEOPLE S REPUBLIC: J Series Commemoratives 2407 ( ) 1978, Na tional Sci ence Con fer ence sou ve nir sheet (J25M) (Scott 1383a), with out gum as is sued, Very Fine. Estimate HK$ 2,000-3, ( ) 1978, Na tional Sci ence Con fer ence sou ve nir sheet (J25M) (Scott 1383a), with out gum as is sued, clean and fresh, Ex tremely Fine to Su perb; with 2014 PSE cer tif i cate, graded XF-Su perb 95 (photo on web site). Estimate HK$ 2,000-3, , Na tional Sci ence Con fer ence sou ve nir sheet (J25M) (Scott 1383a), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-3, , Na tional Sci ence Con fer ence sou ve nir sheet (J25M) (Scott 1383a), o.g., Very Fine (photo on web site). Estimate HK$ 2,000-3, a 1978, Women Mar tyrs (J27) com plete (Scott ), sheets of 50 with im prints, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1978, Women Mar tyrs (J27) com plete (Scott ), sheets of 50 with im prints, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1978, Ningsia Hui Au ton o mous Re gion (J29) com plete (Scott ), com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1978, Ningsia Hui Au ton o mous Re gion (J29) com plete (Scott ), com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1978, 4th Na tional Women s Con gress (J30) (Scott 1434), two com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1978, Com mu nist Youth League Con gress (J32) (Scott 1441), com plete sheet of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1978, Sign ing of Sino-Jap a nese Peace and Friend ship Treaty (J34) com plete (Scott ), two sets of com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1979, La bor Day (J35) (Scott 1474), 2 com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1,000 Sale 13 - Sep. 28,

76 PEOPLE S REPUBLIC: J Series Commemoratives 2419 a 1979, Al bert Ein stein (J36) (Scott 1468), 2 com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1979, May 1st Move ment (J37) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1979, May 1st Move ment (J37) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1979, In ter na tional Year of the Child (J38) com plete (Scott ), com plete sheets of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1979, In ter na tional Year of the Child (J38) com plete (Scott ), com plete sheets of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1979, Lit er ary and Art Work ers Con gress (J39) com plete (Scott ), two com plete sets of sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Riccione Ex hi bi tion sou ve nir sheet (J41M) (Scott 1492), o.g., never hinged, Very Fine. Estimate HK$ 3,000-4, , Riccione Ex hi bi tion sou ve nir sheet (J41M) (Scott 1492), o.g., never hinged, Very Fine to Ex - tremely Fine; with 2014 PSE cer tif i cate, graded VF-XF 85 (photo on web site). Estimate HK$ 3,000-4, , Riccione Ex hi bi tion sou ve nir sheet (J41M) (Scott 1492), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,000-4, , Riccione Ex hi bi tion sou ve nir sheet (J41M) (Scott 1492), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,000-4, , Riccione Ex hi bi tion sou ve nir sheet (J41M) (Scott 1492), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,000-4, , Riccione Ex hi bi tion sou ve nir sheet (J41M) (Scott 1492), o.g., triv ial ad her ence; spot on gum, oth er wise Very Fine (photo on web site). Estimate HK$ 1,500-2, a 1979, Ju nior Na tional Sci en tific and Tech no log i cal Ex hi bi tion (J40) (Scott 1511), sheet of 80, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1979, Ju nior Na tional Sci en tific and Tech no log i cal Ex hi bi tion (J40) (Scott 1511), sheet of 80, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

77 PEOPLE S REPUBLIC: J Series Commemoratives , Hong Kong Ex hi bi tion sou ve nir sheet (J42M) (Scott 1541), o.g., never hinged, Choice Very Fine. Estimate HK$ 2,000-3, , Hong Kong Ex hi bi tion sou ve nir sheet (J42M) (Scott 1541), o.g., never hinged, fresh and ir re - proach able con di tion, Very Fine to Ex tremely Fine; with 2014 PSE cer tif i cate, graded VF-XF 85 (photo on web site). Estimate HK$ 2,000-3, , Hong Kong Ex hi bi tion sou ve nir sheet (J42M) (Scott 1541), with show can cel, Very Fine (photo on web site). Estimate HK$ 2,000-3, , Hong Kong Ex hi bi tion sou ve nir sheet (J42M) (Scott 1541), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-3, , Hong Kong Ex hi bi tion sou ve nir sheet (J42M) (Scott 1541), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2, , 4th Na tional Games sou ve nir sheet (J43M) (Scott 1497), 10 sheets, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1979, 30th An ni ver sary of Found ing of PRC (3rd Se ries) (J46) (Scott 1510), left mar gin block of 20 with im print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1979, 30th An ni ver sary of Found ing of PRC (4th Se ries) (J47) com plete (Scott 1505a), in two top mar gin part sheets of 40 (20 un folded se-ten ant blocks of 4), o.g., never hinged; part sheets folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,500-2, a 1979, 30th An ni ver sary of Found ing of PRC (5th Se ries) (J48) com plete (Scott ), sheets of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1979, Sta lin (J49) com plete (Scott ), 100 sets in sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1980, In ter na tional Work ing Women s Day (J53) (Scott 1587), 2 com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1980, Sci en tists of An cient China (3rd Se ries) (J58) com plete (Scott ), matched top and bot tom mar gin blocks of 10 with im print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,500-3,500 Sale 13 - Sep. 28,

78 PEOPLE S REPUBLIC: J Series Commemoratives 2445 a 1980, Ex hi bi tions of PRC in USA (J59) com plete (Scott ), min ia ture sheets of twelve, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 6,000-6, a 1980, Ex hi bi tions of PRC in USA (J59) com plete (Scott ), min ia ture sheets of twelve, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 6,000-8, a 1980, Dacia An ni ver sary (J61) (Scott 1628), 2 com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1980, China s Re turn to In ter na tional Olym pics (J62) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 3,200-3, a 1981, Lu Xun (J67) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1981, 70th An ni ver sary of 1911 Rev o lu tion (J68) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1981, In ter na tional Tele com mu ni ca tions Day and Ten Thou sand Li Postal Roads (J69-70) (Scott ), com plete sheets of 50 and 56, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1981, In ter na tional Tele com mu ni ca tions Day and Ten Thou sand Li Postal Roads (J69-70) (Scott ), com plete sheets of 50 and 56, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1981, China s Sweep of 36th World Ta ble Ten nis Cham pi on ships (J71) com plete (Scott ), block of 4, 10 sets of 2 sheetlets, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-2, a 1982, Tu ber cle Ba cil lus Dis cov ery, Birth day of Nie Er and Wa ter Sup ply and San i ta tion (J74, J75, J77) (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1983, 60th An ni ver sary of Strike by Beijing-Hankow Rail way Work ers (J89) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1983, Po ets and Phi los o phers of An cient China (1st Se ries) (J92) com plete (Scott ), sheets of 20, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1983, Po ets and Phi los o phers of An cient China (1st Se ries) (J92) com plete (Scott ), sheets of 20, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1983, Liu Shaoqi (J96) com plete (Scott ), sheets of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1984, Olym pic Games (J103) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1985, Ti bet Au ton o mous Re gion (J116) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1985, Ti bet Au ton o mous Re gion (J116) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

79 PEOPLE S REPUBLIC: T Series Commemoratives 2462 a 1986, Cen te nary of Birth of Zhu De (J134) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1988, Mod ern Sci en tists (J149) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1989, 40th An ni ver sary of Found ing of the PRC (J163) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, , 11th Asian Games sou ve nir sheet (J172M) (Scott 2300a), 100 cop ies, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,600-1, T Series Commemoratives 2466 a 1974, Ac ro bat ics (T2) com plete (Scott ), blocks of 4, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1974, Ac ro bat ics (T2) com plete (Scott ), mar gin blocks of 4, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, , Paint ings by Peas ants of Huxian Coun try (T3) (Scott 1184), o.g., never hinged, fresh choice ex am ple, Su perb; 2014 PSE cer tif i cate, graded Su perb 98. Estimate HK$ a 1974, Tachai Red Ban ner (T5) com plete (Scott ), matched top mar gin blocks of 10 with im - prints, o.g., never hinged; folded twice through perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1975, Chi nese Mt. Ev er est Ex pe di tion (T15) com plete (Scott ), blocks of 50, o.g., never hinged; no sel vage and 4 folds along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1976, Suc cess of Pro le tar ian Ed u ca tion Sys tem (T18) com plete (Scott ), match ing left mar gin blocks of 4, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 800-1, a 1978, Chil dren s Health (T21) com plete (Scott ), top or bot tom mar gin blocks of 40 with im prints ex cept for 20f, folded along perfs, sheet of 40, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1978, Chil dren s Health (T21) com plete (Scott ), top or bot tom mar gin blocks of 40 with im prints ex cept for 20f, folded along perfs, sheet of 40, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1978, Chem i cal Fi ber In dus try (T25) com plete (Scott 1409a), 30 strips of 5, all in com plete sheets of 10 strips, o.g., never hinged; folded along perfs but not af fect ing strips, Very Fine (photo on web site). Estimate HK$ 1,200-1,600 Sale 13 - Sep. 28,

80 PEOPLE S REPUBLIC: T Series Commemoratives 2475 a 1978, Iron and Steel In dus try (T26) com plete (Scott ), sheets of 35, o.g., never hinged; folded along perfs, Very Fine, rare (photo on web site). Estimate HK$ 4,000-6, a 1978, Arts and Crafts (T29) com plete (Scott ), var i ous sized mar ginal blocks of 10, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 800-1, , Gal lop ing Horses sou ve nir sheet (T28M) (Scott 1399), o.g., never hinged, Very Fine. Estimate HK$ 3,000-4, , Gal lop ing Horses sou ve nir sheet (T28M) (Scott 1399), o.g., never hinged, clean and ex em - plary con di tion, Very Fine to Ex tremely Fine; ac com pa nied with 2014 PSE cer tif i cate, and graded VF-XF 85 (photo on web site). Estimate HK$ 3,000-4, , Gal lop ing Horses sou ve nir sheet (T28M) (Scott 1399), o.g., Very Fine (photo on web site). Estimate HK$ 2,000-2, , Gal lop ing Horses sou ve nir sheet (T28M) (Scott 1399), o.g., never hinged; heavily wrin kled (photo on web site). Estimate HK$ 1,000-1, , Arts and Crafts sou ve nir sheet (T29M) (Scott 1433), o.g., never hinged, Very Fine. Estimate HK$ 2,000-3, , Arts and Crafts sou ve nir sheet (T29M) (Scott 1433), o.g., never hinged, fresh, Fine to Very Fine; with 2014 PSE cer tif i cate, graded F-VF 75 (photo on web site). Estimate HK$ 2,000-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

81 PEOPLE S REPUBLIC: T Series Commemoratives , Arts and Crafts sou ve nir sheet (T29M) (Scott 1433), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-3, , Arts and Crafts sou ve nir sheet (T29M) (Scott 1433), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-3, a 1978, High way Bridges (T31) com plete (Scott ), mar ginal blocks of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, , High way Bridges sou ve nir sheet (T31M) (Scott 1452), o.g., never hinged, Very Fine. Estimate HK$ 1,500-2, , High way Bridges sou ve nir sheet (T31M) (Scott 1452), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2, , High way Bridges sou ve nir sheet (T31M) (Scott 1452), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2, , High way Bridges sou ve nir sheet (T31M) (Scott 1452), lightly can celed, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1979, Tomb Paint ings from the War ring States Pe riod (T33) com plete (Scott ), com - plete sheets of 28, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1979, Tomb Paint ings from the War ring States Pe riod (T33) com plete (Scott ), com - plete sheets of 28, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Ag ri cul tural Prog ress (T34) com plete (Scott 1457a), com prised of 10 strips of 5 in clud ing some pairs, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1979, Rail way Con struc tion (T36) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1979, Rail way Con struc tion (T36) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1979, Ca mel lias (T37) com plete (Scott ), match ing bot tom mar gin blocks of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 6,400-7,000 Sale 13 - Sep. 28,

82 PEOPLE S REPUBLIC: T Series Commemoratives , Ca mel lias sou ve nir sheet (T37M) (Scott 1540), o.g., never hinged, fresh and im pec ca ble, Ex - tremely Fine to Su perb; with 2014 PSE cer tif i cate, graded XF-Su perb 95. Estimate HK$ 1,500-1, , Ca mel lias sou ve nir sheet (T37M) and Hong Kong Ex hi bi tion sou ve nir sheet (J42M) (Scott 1540, 1541), o.g., never hinged, a lovely pair, Very Fine (photo on web site). Estimate HK$ 5,000-6, , Ca mel lias sou ve nir sheet (T37M) and Hong Kong Ex hi bi tion sou ve nir sheet (J42M) (Scott 1540, 1541), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 5,000-6,000 Ex , Great Wall and Riccione Ex hi bi tion sou ve nir sheets (T38M, J41M) (Scott 1483, 1492), o.g., never hinged, Very Fine. Estimate HK$ 3,600-4, , Great Wall sou ve nir sheet (T38M) (Scott 1483), o.g., never hinged, fresh, Very Fine. Estimate HK$ 1,000-1, , Great Wall sou ve nir sheet (T38M) (Scott 1483), o.g., never hinged, Very Fine to Ex tremely Fine; with 2014 PSE cer tif i cate, graded VF-XF 85 (photo on web site). Estimate HK$ , / 1979, Great Wall sou ve nir sheet (T38M) (Scott 1483), two: one o.g., never hinged, other CTO, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1979, Study Sci ence from Child hood (T41) com plete (Scott ), matched bot tom mar gin blocks of 40 with im print, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 8,000-10, a 1979, Scen ery of Tai wan Prov ince (T42) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 6,000-7, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

83 PEOPLE S REPUBLIC: T Series Commemoratives , Study Sci ence from Child hood sou ve nir sheet (T41M) (Scott 1518), o.g., never hinged, fresh and flaw less con di tion, Ex tremely Fine; with 2014 PSE cer tif i cate, graded XF 90. Estimate HK$ 8,000-9, , Study Sci ence from Child hood sou ve nir sheet (T41M) (Scott 1518), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 8,000-10, , Study Sci ence from Child hood sou ve nir sheet (T41M) (Scott 1518), o.g., lightly hinged once, Very Fine (photo on web site). Estimate HK$ 7,000-8, , Study Sci ence from Child hood sou ve nir sheet (T41M) (Scott 1518), o.g., bits of hinge rem - nant, and triv ial ad her ence, Very Fine (photo on web site). Estimate HK$ 6,000-7, a 1979, Clas si cal Novel Pil grim age to the West (T43) com plete (Scott ), matched top and bot tom blocks of 10 with im print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1980, Qi Baishi Paint ings (T44) com plete (Scott ), match ing right mar gin blocks of 10, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 8,000-10, , Qi Baishi Paint ings sou ve nir sheet (T44M) (Scott 1573), o.g., never hinged, fresh, Very Fine. Estimate HK$ 1,500-2, , Qi Baishi Paint ings sou ve nir sheet (T44M) (Scott 1573), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2,000 Sale 13 - Sep. 28,

84 PEOPLE S REPUBLIC: T Series Commemoratives , Qi Baishi Paint ings sou ve nir sheet (T44M) (Scott 1573), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2, , Qi Baishi Paint ings sou ve nir sheet (T44M) (Scott 1573), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,200-1, , Qi Baishi Paint ings sou ve nir sheet (T44M) (Scott 1573), o.g., never hinged; small scuff in the right mar gin, Very Good; with 2014 PSE cer tif i cate, graded VG 50 (photo on web site). Estimate HK$ a 1980, Pe king Op era (T45) com plete (Scott ), matched top and bot tom blocks of 10 with im - print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1980, Pe king Op era (T45) com plete (Scott ), top and bot tom blocks of 10, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, , Year of the Mon key (T46) (Scott 1586), o.g., never hinged, Very Fine. Estimate HK$ 8,000-12, , Year of the Mon key (T46) (Scott 1586), o.g., never hinged, Very Fine. Estimate HK$ 8,000-12, , Year of the Mon key (T46) (Scott 1586), o.g., never hinged, Very Fine; ac com pa nied with 2014 PSE certificate. Estimate HK$ 8,000-12, , Year of the Mon key (T46) (Scott 1586), o.g., never hinged, Very Fine; ac com pa nied with 2014 PSE certificate. Estimate HK$ 8,000-12, , Year of the Mon key (T46) (Scott 1586), o.g., never hinged, Very Fine; ac com pa nied with 2014 PSE certificate. Estimate HK$ 8,000-12, , Year of the Mon key (T46) (Scott 1586), o.g., never hinged, Very Fine. Estimate HK$ 8,000-12, , Year of the Mon key (T46) (Scott 1586), o.g., never hinged, Very Fine. Estimate HK$ 8,000-12, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

85 PEOPLE S REPUBLIC: T Series Commemoratives , Year of the Mon key (T46) (Scott 1586), o.g., never hinged, Very Fine. Estimate HK$ 8,000-12, , Year of the Mon key (T46) (Scott 1586), o.g. (small spot mount-glazed), Very Fine. Estimate HK$ 7,000-8, , Year of the Mon key (T46) (Scott 1586), o.g., lightly hinged, Very Fine. Estimate HK$ 6,000-7, a 1980, Year of the Mon key (T46) (Scott 1586), block of 4, o.g., never hinged; light fold be tween stamps, oth er wise Very Fine. Estimate HK$ 50,000-60, a 1980, Beijing In ter na tional Air port (T47) com plete (Scott ), com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1980, Beijing In ter na tional Air port (T47) com plete (Scott ), com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1980, Af for es ta tion (T48) com plete (Scott ), match ing top mar gin blocks of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1980, Kites (T50) com plete (Scott ), matched top and bot tom mar gin blocks of 10 with im - print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1980, Gudong (T51) com plete (Scott 1607), two com plete sheets of 10 strips of 4 + la bel, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 3,200-4,000 Sale 13 - Sep. 28,

86 PEOPLE S REPUBLIC: T Series Commemoratives 2534 a 1980, Sila Deer (T52) com plete (Scott ), match ing left mar gin blocks of 40, with im prints, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,000-2, , Lo tus (T54, T54M) com plete, in clud ing sou ve nir sheet (Scott ), o.g., never hinged, fresh, Very Fine (photo on web site). Estimate HK$ 2,500-3, a 1981, Scenes of Xishuang Banna (T55) com plete (Scott ), match ing left and right mar gin blocks of 10 with im print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, , Lo tus sou ve nir sheet (T54M) (Scott 1617), o.g., never hinged, Very Fine. Estimate HK$ 2,000-3, , Lo tus sou ve nir sheet (T54M) (Scott 1617), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-3, , Lo tus sou ve nir sheet (T54M) (Scott 1617), o.g., never hinged, Fine to Very Fine; with 2014 PSE cer tif i cate, graded F-VF 75 (photo on web site). Estimate HK$ 2,000-3, , Lo tus sou ve nir sheet (T54M) (Scott 1617), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-3, , Lo tus sou ve nir sheet (T54M) (Scott 1617), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

87 PEOPLE S REPUBLIC: T Series Commemoratives 2542 a 1980, Sochow Gar den (T56) com plete (Scott ), matched left and right mar gin blocks of 10, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 3,500-4, a 1980, Chi nese River Dol phin (T57) com plete (Scott ), sheets of 20, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 800-1, , Year of the Cock (T58) (Scott 1647), o.g., never hinged, fresh pris tine ex am ple, Su perb; 2013 PSE cer tif i cate, graded Su perb 98 (photo on web site). Estimate HK$ 800-1, a 1981, Year of the Cock (T58) (Scott 1647), block of 4, o.g., never hinged, gor geous fresh block, Very Fine to Ex tremely Fine; 2013 PSE cer tif i cate, graded VF-XF 85 (photo on web site). Estimate HK$ 2,000-2, a 1981, Year of the Cock (T58) (Scott 1647), left mar gin block of 10 with im print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1981, Year of the Cock (T58) (Scott 1647), up per right mar gin block of 30, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 4,000-5, a 1981, Year of the Cock (T58) (Scott 1647), bot tom mar gin block of 40, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 6,400-7, a 1981, Year of the Cock (T58) (Scott 1647), sheet of 80, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 15,000-18, a 1981, Mark ing the Gun wale Fa ble (T59) (Scott 1664b), two sheets of 10 strips of 5 each, o.g., never hinged; folded along perfs, not af fect ing strips, Very Fine (photo on web site). Estimate HK$ 2,400-2, a 1981, Pal ace Lan terns (T60) com plete (Scott ), mar ginal blocks of 20, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,500-3, a 1981, Min ia ture Land scapes (T61) com plete (Scott ), com plete sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 3,200-3, a 1981, Stone For est (T64) com plete (Scott ), sheets of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 4,000-5, a 1981, An cient Coins of China (1st Se ries) (T65) com plete (Scott ), mar ginal blocks of 30 with im print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,000-2, a 1981, Ed ible Mush rooms (T66) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1981, Lushan Moun tains (T67) com plete (Scott ), im print blocks of 10, o.g., never hinged; folded, Very Fine (photo on web site). Estimate HK$ 1,200-1,800 Sale 13 - Sep. 28,

88 PEOPLE S REPUBLIC: T Series Commemoratives , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine. Estimate HK$ 1,000-1, , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, , Dream of Red Man sions sou ve nir sheet (T69M) (Scott 1761), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1, a , 3 New Year s Is sues (T70, T80, T90) (Scott 1764, 7832, 1900), sheets of 80, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 4,000-6, a 1982, Year of the Dog (T70) (Scott 1764), com plete sheet of 80, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1982, Year of the Dog (T70) (Scott 1764), com plete sheet of 80, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,400-3, a 1982, Year of the Dog (T70) (Scott 1764), pris tine mint un folded sheet of 80, o.g., never hinged, Ex - tremely Fine; 2013 PSE cer tif i cate, graded XF 90 (photo on web site). Estimate HK$ 2,000-2, a 1982, An cient Coins of China (2nd Se ries) (T71) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 3,000-3, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

89 PEOPLE S REPUBLIC: T Series Commemoratives 2571 a 1982, Me dic i nal Herbs (2nd Se ries) (T72) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 4,000-5, / 1984, Sculp tures of the Liao Dy nasty sou ve nir sheet (T74M) (Scott 1820), in clud ing four never hinged sou ve nir sheets, first day cover & sou ve nir card is sued by the Amer i can Stamp Dealer s As so ci a tion, Very Fine (photo on web site). Estimate HK$ 1,000-1, a 1982, Bronzes of West ern Zhou Dy nasty (T75) com plete (Scott ), top and bot tom mar gin blocks of 10, o.g., never hinged; folded, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1982, Bronzes of West ern Zhou Dy nasty (T75) com plete (Scott ), matched left mar gin im print blocks of 10, o.g., never hinged; folded, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1982, Fire Con trol (T76) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1983, Swans (T83) com plete (Scott ), match ing bot tom mar gin blocks of 40 with im prints, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 3,200-4, a 1983, Paint ings by Chil dren (T86) com plete (Scott ), sheets of 50, o.g., never hinged; folded laong perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1983, Terra Cotta War riors (T88) com plete (Scott ), bot tom mar gin blocks of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,000-2, , Tang Beau ties Wear ing Flow ers sou ve nir sheet (T89M) (Scott 1904), o.g., never hinged, Very Fine. Estimate HK$ 1,000-1, , Tang Beau ties Wear ing Flow ers sou ve nir sheet (T89M) (Scott 1904), group of three, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,500-3, , Year of the Rat (T90) (Scott 1900), o.g., never hinged, fresh pris tine ex am ple, Su perb; 2013 PSE cer tif i cate, graded Su perb 98 (photo on web site). Estimate HK$ a 1984, Year of the Rat (T90) (Scott 1900), lower right cor ner mar gin block of 30 with im print, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1984, Chi nese Roses (T93) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,600-2, a 1984, Paint ings of Wu Changshuo (T98) com plete (Scott ), sheets of 40; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1,500 Sale 13 - Sep. 28,

90 PEOPLE S REPUBLIC: T Series Commemoratives , Scenes from The Pe ony Pa vil ion sou ve nir sheet (T99M) (Scott 1955), nine cop ies of the sou ve nir sheet, also in cludes blocks of four # (Yang T ), o.g., never hinged, Very Fine. Estimate HK$ 1,500-2, a 1985, Year of the Ox (T102) (Scott 1966), im mac u late mint un folded sheet of 80, o.g., never hinged, Su perb; 2013 PSE cer tif i cate, graded Sup 98 (photo on web site). Estimate HK$ 1,000-1, a 1985, Year of the Ox (T102) (Scott 1966), pris tine mint un folded sheet of 80, o.g., never hinged, Ex - tremely Fine to Su perb; 2013 PSE cer tif i cate, graded XF-Sup 95 (photo on web site). Estimate HK$ 800-1, a 1985, Gi ant Pan das (T106) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,000-2, a 1986, Space Flight (T108) com plete (Scott ), sheets of 40, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,400-1, a 1986, White Cranes (T110) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 800-1, a 1987, Year of the Rab bit (T112) (Scott 2074), com plete sheet of 80, o.g., never hinged, Su perb; 2013 PSE cer tif i cate, graded Sup 98 (photo on web site). Estimate HK$ 900-1, a 1987, Year of the Rab bit (T112) (Scott 2074), pris tine mint un folded sheet of 80, o.g., never hinged, Ex tremely Fine to Su perb; 2013 PSE cer tif i cate, graded XF-Sup 95 (photo on web site). Estimate HK$ 900-1, a 1987, Year of the Rab bit (T112) (Scott 2074), pris tine mint un folded sheet of 80, o.g., never hinged, Ex tremely Fine to Su perb; 2013 PSE cer tif i cate, graded XF-Sup 95 (photo on web site). Estimate HK$ 800-1, a 1986, Sports of An cient China (T113) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,400-1, a 1987, Ru ral De vel op ment (T118) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1987, Fairy Tales of An cient China (T120) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 1,200-1, a 1987, An cient Build ings (T121) com plete (Scott ), sheets of 50, o.g., never hinged; folded along perfs, Very Fine (photo on web site). Estimate HK$ 2,000-2, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

91 PEOPLE S REPUBLIC: T Series Commemoratives , Year of the Dragon (T124) (Scott 2131), o.g., never hinged, fresh choice ex am ple, Su perb; 2013 PSE cer tif i cate, graded Su perb 98. Estimate HK$ , Year of the Dragon (T124) (Scott 2131), o.g., never hinged, fresh pris tine ex am ple, Su perb; 2012 PSE cer tif i cate, graded Su perb 98 (photo on web site). Estimate HK$ a 1988, Year of the Dragon (T124) (Scott 2131), group of four com plete sheets with usual im prints on sel vage, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,500-3, a 1988, Year of the Dragon (T124) (Scott 2131), pris tine mint un folded sheet of 80, o.g., never hinged, Ex tremely Fine to Su perb; 2013 PSE cer tif i cate, graded XF-Sup 95 (photo on web site). Estimate HK$ 1,000-1, a 1988, Year of the Dragon (T124) (Scott 2131), ex cep tional choice sheet of 80, o.g., never hinged, Su - perb; 2013 PSE cer tif i cate, graded Su perb 98 (photo on web site). Estimate HK$ a 1988, Year of the Dragon (T124) (Scott 2131), group of four com plete sheets with usual im prints on sel vage, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,500-3, , Year of the Sheep (T159) (Scott 2315), o.g., never hinged, fresh pris tine ex am ple, Su perb; 2013 PSE cer tif i cate, graded Su perb 98 (photo on web site). Estimate HK$ , Year of the Snake (T133) (Scott 2193), o.g., never hinged, fresh pris tine ex am ple, Su perb; 2013 PSE cer tif i cate, graded Su perb 98 (photo on web site). Estimate HK$ 1,000-1, a 1989, Year of the Snake (T133) (Scott 2193), pris tine mint un folded sheet of 80, o.g., never hinged, Ex tremely Fine to Su perb; 2013 PSE cer tif i cate, graded XF-Sup 95 (photo on web site). Estimate HK$ 1,000-1, a 1989, Year of the Snake (T133) (Scott 2193), pris tine mint un folded sheet of 80, o.g., never hinged, Ex tremely Fine to Su perb; 2013 PSE cer tif i cate, graded XF-Sup 95 (photo on web site). Estimate HK$ 1,000-1, a 1990, Year of the Horse (T146) (Scott 2258), choice mint un folded sheet of 80, o.g., never hinged, Very Fine to Ex tremely Fine; 2013 PSE cer tif i cate, graded VF-XF 85 (photo on web site). Estimate HK$ 800-1, a 1990, Year of the Horse (T146) (Scott 2258), choice mint un folded sheet of 80, o.g., never hinged, Very Fine to Ex tremely Fine; 2013 PSE cer tif i cate, graded VF-XF 85 (photo on web site). Estimate HK$ 800-1,000 Sale 13 - Sep. 28,

92 PEOPLE S REPUBLIC: 2000 Year Order Series Commemoratives 2000 Year Order Series Commemoratives 2610 a 2000, Year of the Dragon (2000-1) com plete (Scott ), com plete sheets of 32, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,200-4, a 2000, Year of the Dragon (2000-1) com plete (Scott ), com plete sheets of 32, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,200-4, a 2000, Year of the Dragon (2000-1) com plete (Scott ), com plete sheets of 32, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 3,200-4,000 Definitive Issues 2613 ( )a 1950, Tien An Men 2nd Is sue (R2) com plete (Scott 21-23), mar ginal blocks of 50 with im prints, with - out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( ) 1950, $10,000 Tien An Men 2nd Is sue (R2) (Scott 23), with out gum as is sued, spec tac u lar choice ex - am ple, Su perb; 2013 PSE cer tif i cate, graded Superb 98. Estimate HK$ ( ) 1950, Tien An Men 3rd Is sue (R3) com plete (Scott 65-71), with out gum as is sued, Fine to Very Fine. Estimate HK$ 1,500-2, ( ) 1950, Tien An Men 3rd Is sue (R3) com plete (Scott 65-71), with out gum as is sued, Fine to Very Fine. Estimate HK$ 1,200-1, ( ) , Tien An Men 4th Is sue (R4) com plete (Scott 85-94), with out gum as is sued, Very Fine. Estimate HK$ 1,800-2, , $100,000 Tien An Men 5th Is sue (R5) (Scott 99), neat cor ner can cel, fresh, Very Fine. Estimate HK$ 1,200-1, ( )a 1953, Oc cu pa tions and Views definitives (R6) com plete (Scott ), 20 sets, in var i ous sized mul ti ples, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,200-1, ( )a 1954, Tien An Men 6th Is sue (R7) com plete (Scott ), 50 sets, all but one sin gle in blocks of 4 or larger, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 1,600-2, ( )a , Work ers, Peas ants and Sol diers definitives (R8) com plete (Scott ), blocks of 10, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 3,200-4, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

93 PEOPLE S REPUBLIC: Surcharged Definitives ( ) 1955, 8f Foundry Worker (R8), perf 12½, Shang hai print ing (Scott 278a), with out gum as is sued, Fine to Very Fine. Estimate HK$ 1,500-2, ( ) 1969, 8f Foundry Worker (RW2), perf 11½ (Scott 1017a), ex cep tional choice ex am ple, with out gum as is sued, Su perb; 2014 PSE cer tif i cate, graded Su perb 98. Estimate HK$ ( ) 1974, Revolutionary Monuments: Lushan (R16) (Scott 1175), ex cep tional choice ex am ple, with out gum as is sued, Su perb; 2013 PSE cer tif i cate, graded Superb 98. Estimate HK$ Surcharged Definitives 2625 ( )a 1950, $500 sur charge on Unit stamp (SC1), perf 14 (Scott 27a), right side mar gin block of 100, with - out gum as is sued; folded once through perfs, Very Fine (photo on web site). Estimate HK$ 12,000-15, Ex 2628 Ex ( ) 1950, $20,000 on $10,000 East China stamp (SC2) (Scott 30), with out gum as is sued, Very Fine. Estimate HK$ 3,000-4, ( ) 1950, $20,000 on $10,000 East China stamp (SC2) (Scott 30), with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 2,400-2, ( ) 1950, Sur charges on N.E. China Sun Yat-sen (SC3) com plete (Scott 35-48), with out gum as is sued, Very Fine. Estimate HK$ 3,000-4, ( ) 1950, Sur charges on N.E. China Sun Yat-sen (SC3) com plete (Scott 35-48), with out gum as is sued, Fine to Very Fine. Estimate HK$ 1,400-1, ( ) 1950, $100 on $4 N.E. China Sun Yat-sen (SC3), 1st print ing (Scott 40a), with out gum as is sued, Fine to Very Fine; 1999 BPA cer tif i cate. Estimate HK$ 2,500-3, ( )a 1951, Sur charges on Unit stamps, N.E. use (SC8) com plete (Scott ), blocks of 50 with im - prints, with out gum as is sued; a num ber of folds along perfs, Very Fine (photo on web site). Estimate HK$ 4,000-5,000 Sale 13 - Sep. 28,

94 PEOPLE S REPUBLIC: Military Stamps 2632 ( )a 1951, Sur charges on Money Or der Stamps (SC10) com plete (Scott , 116a), com prised of perf 12½ com plete in blocks of 50 plus $50 on $50 perf 11 block of 45, with out gum as is sued; some sep a ra tions, Very Fine (photo on web site). Estimate HK$ 1,800-2,200 Military Stamps 2633 ( ) Mil i tary Stamp, 1953, Air Force (M1), $800 or ange yel low, ver mil ion & purple (Scott M1 var.), with out gum as is sued, bright and well cen tered, Very Fine. Estimate HK$ 15,000-20, ( ) Mil i tary Stamp, 1953, Army (M1), $800 yel low, or ange & red (Scott M1), with out gum as is sued, Very Fine. Estimate HK$ 1,500-2, ( ) Mil i tary Stamp, 1953, Army (M1), $800 yel low, or ange & red (Scott M1), with out gum as is sued, bright, Very Fine. Estimate HK$ 1,500-2,000 Booklets 2636 Book let, 1980, Gu Dong (SB1) (Scott 1607e var.), book let pane and cover, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 2,000-2, Book let, 1980, Gu Dong (SB1) (Scott 1607e var.), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 6,000-8, Book let, 1980, Gu Dong (SB1) (Scott 1607e var.), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 6,000-8, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

95 PEOPLE S REPUBLIC: Booklets 2639 Book let, 1980, Gu Dong (SB1) (Scott 1607e var.), o.g., never hinged, Very Fine. Estimate HK$ 6,000-8, Book let, 1981, Year of the Cock (SB3) (Scott 1647a), book let pane of 6, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ Book let, 1981, Year of the Cock (SB3) (Scott 1647a var.), o.g., never hinged, Very Fine. Estimate HK$ 1,500-2, Book let, 1981, Year of the Cock (SB3) (Scott 1647a var.), o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,500-2, Book lets, , As sort ment (SB2-4) (Scott 1645a-46a,1647a,1664a), group of six, o.g., never hinged, Fine to Very Fine (photo on web site). Estimate HK$ 4,000-4, Booklets, Strong Selection (SB2//22). Short only SB7 but with ex tra Yang SB2, SB8(2), SB9, SB15, SB16 and SB17, o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 1,000-1,500 Sale 13 - Sep. 28,

96 PEOPLE S REPUBLIC: Collections Collections 2645 Ex cep tion ally Fresh Never Hinged Col lec tion, Mounted in 4 Scott al bums. With the ex - cep tion of the Cul tural Rev o lu tion Pe riod col lec tion shows a high de gree of com plete ness with good value through - out in clud ing Scott 12-20, 31-34, 35-48, 245a-48a, , 344a, , , , , , , , , , , , , , , , , , , , , 795, , , , , , , , , , , , , , 1383a, 1483, 1540, 1541, , , 1617, 1844, 1904 etc. Pris tine, Very Fine (photo on web site). Estimate HK$ 130, , / Mostly Mint Col lec tion, Mounted in twelve Fi del ity al bums, better noted in clude 1950 (12-20), 1955 (243-44), (249-66), 1955 (267-70), 1957 ( & ), 1958 (345-46, & ), 1958 (344a), 1958 ( & ), 1958 ( & ), 1959 ( & ), 1959 (413-15), 1959 ( & ), 1959 ( & ), 1959 (445-52), 1959 (456), 1960 (487-89), 1960 (494-96), 1960 ( ), 1960 (504-05), 1960 (518-22), 1960 (525-26), 1960 (540-41), (542-59), 1961 (561-62), 1961 (569-73), 1961 (586-87, & ), 1961 (592-99), 1961 ( ), 1962 (612-14), 1962 (615-17), 1962 (635-36), 1962 (639-46), 1963 (681-83), 1963 (713-15, im per fo rates), 1963 (748-49), 1964 (760-65), 1964 (783-90), 1964 (795), 1964 (798b), 1964 (818-20), 1965 (834-41), 1965 (859-62), 1965 (863-73), 1965 (886-90), 1966 ( ), 1966 (919), 1966 (920-23), 1966 (924-26), 1967 (927-29), 1967 (930-35), 1967 (936-37), 1967 (960-64), 1968 (991), 1968 (998), 1968 (999), 1969 ( ), 1969 ( & ), 1969 ( ), 1970 ( ), 1971 (1074a), 1971 ( ), 1972 ( ), 1972 ( ), 1972 ( ), 1973 ( ), 1973 ( ) & 1974 ( ). We also noted all sets in blocks of four from 1989 on wards, 200 first day cov ers is sued in the 1980s-1990s and many book lets. Scott value in ex cess of U.S. $38,000, and a golden op por tu nity to ac quire a well-or ga nized col lec tion with a wealth of de sir able sets, sin gles and sou ve nir sheets, Fine to Very Fine (photo on web site). Estimate HK$ 80, , Mint Never Hinged Stock. Com prised of lit er ally thou sands of clean, per fect qual ity mint sets, all in Scott num bered glass ines with cov er age to 2010, housed in 5 long boxes. Just a sam pling of the pre mium items shows Scott (8), (7), (3), (4), (3), (6), (7), (8), (5), (2), (2), (5), (8), (5), (6), (6), (10), (3), (9), (6), (4), (5), (3), (4), (3) and lengthy runs to sets, of ten in in creas - ing quan ti ties from there. A su perb, well-or ga nized lot, per fectly set up for the trader, a won der ful op por tu nity, rou - tinely Very Fine (photo on web site). Estimate HK$ 60,000-70,000 Please Visit Our Web Site! Check our web site for additional photos of many lots. The lots are fully searchable by a variety of criteria: text, country, Scott number and more. And - you can bid on the sale interactively, review your bids, check results and much more. 90 stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

97 PEOPLE S REPUBLIC: Collections 2648 Never Hinged Col lec tion, In three Fi del ity hinge less al bums with a large amount of de sir - able sets & sin gles such as 1949 (5-7), 1950 (12-20), 1950 (57-59), 1950 (72-73), 1950 (74-76), 1951 (97-98), 1951 ( ), 1951 ( ), (124-27), 1952 (132-35), 1955 (243-44), (249-66), 1955 (267-68), 1955 (269-70), 1955 (271-72), (273-81), 1956 ( ), 1957 (313-16), 1957 (321-25), 1957 (326-29), 1958 (345-46), 1958 (347-48), 1958 (351-54), 1958 (355-57, plus 357a in used con di tion), 1958 (360-61), 1958 (364-66), 1958 (374-76), 1959 ( ), 1959 ( ), 1959 (413-15), 1959 (416-17), 1959 (418-19), 1959 (426-37), 1959 (438-40), 1959 (441-44), 1959 (445-52), 1959 (453-55), 1959 (457-62), 1959 (467-82), 1960 (494-96), 1960 (497-98), 1960 ( ), 1960 ( ), 1960 (523-24), 1960 (525-26), 1960 (527-28), 1960 (531-35), 1960 (536-37), 1960 (540-41), 1961 (561-62), (574-85), 1961 (588-89, plus 588a), 1961 (590-91), 1962 ( ), 1962 (610-11), 1962 (612-14), 1962 (639-46), 1963 (681-83), 1963 (684-95), 1963 (708-10), 1963 (713-15), 1963 (732-36), 1964 (748-49), 1964 (758-59), 1964 (760-65), 1964 (783-90), 1964 (795), 1964 (804-05), 1964 (810-17), 1966 (919), 1967 (938), 1967 (981), 1968 (1000), 1969 ( ), 1969 ( ), 1969 ( ), 1969 ( ), 1971 ( ), 1971 ( ), 1972 ( ), 1972 ( ), 1972 ( ), 1972 (1103 & ), 1973 ( ), 1973 ( ), 1973 ( ), 1974 ( ), 1974 ( ), 1974 ( ), 1975 ( ), 1975 ( ), 1975 ( , plus tete-beche pairs), 1975 ( ), 1976 ( ), 1977 ( ), 1978 ( ), 1979 (1497 & 1501), 1979 ( ), 1980 ( ), 1980 ( ), 1980 ( ), 1980 ( & ), 1980 dol phin book let, ( ), fol lowed by a vir tu ally com plete sec tion of sets, sin gles, sou ve nir sheets & book lets is sued in the pe riod, and in clud - ing some air mails. A great col lec tion of this pop u lar coun try, in spec tion in vited, Very Fine (photo on web site). Estimate HK$ 55,000-65, / / Mostly Mint Ac cu mu la tion, As ton ish ing prop erty in six stock books with some du pli ca - tion, loaded with de sir able and mar ket able sets, sin gles, sou ve nir sheets, com plete sheets, book lets and some first day cov ers. Better sets or sin gles (mint un less de noted) in clude: 1958 (351-54), 1958 (360-61), 1958 (364-66), 1958 (374-76), 1959 (453-55), 1960 (494-96), 1960 ( x4), 1960 ( x4), 1961 (590-91), 1962 (624-27), 1962 (639-46), 1963 (655-60), 1963 ( x2), 1963 ( x2), 1964 ( x2), 1964 (758-59), 1965 (842-49, used), 1966 (920-23, used), 1966 (924-26, used), 1967 (930-35, used), 1967 (960-64, used), 1967 (965-66, NH), 1968 (991, used), 1968 (999, NH), 1973 ( , NH), 1973 (1121a, NH), 1975 ( x2), 1975 ( , set & tete-beche pairs, NH), 1975 ( x3, NH), 1976 ( x2, NH), 1976 ( x3), 1980 ( x2), 1980 ( x3, NH), 1980 ( x2, NH), 1980 ( x3, NH), 1981 ( x6, NH), plus some lib er ated ar eas ex am ples. This is a Dealer s Dream with a with an enor mous cat a log value. Sim ply a won der - ful lot, Fine to Very Fine (photo on web site). Estimate HK$ 45,000-55, / Large Accumulation. With many com plete sets both mint, mostly NH, in clud ing NE162-71, C72, C107, C116, C124, S63, W17, T1, T7 in pairs, T44M, and used in clud ing C47M, C122, C123, S38(2), S44, S56, S67. Packed with many blocks and a num ber of com plete sheets there is plenty of value for the col lec tor and dealer. Clean and fresh, ex am ine, gen er ally Very Fine (photo on web site). Estimate HK$ 40,000-50, / Mas sive Sou ve nir Sheet Stock, beau ti ful and clean, per fectly as sem bled stock of many, many hun - dreds in man age able quan ti ties all iden ti fied by Scott and Yang num bers, be gin ning with Yang T72 and con tin u ing on nearly to date. A sam pling of items shows J25M(12), T79M(5), T74M(3), T82, T88M(5), T89M(3), T99M(5) and long runs from there in sim i lar or larger quan ti ties, mostly never hinged, an ex cel lent lot of these pop u lar is sues, well worth in spec tion, rou tinely Very Fine (photo on web site). Estimate HK$ 40,000-50, Mas sive Mint and Used Stock. In 9 large Elbe stockbooks, com prised of many thou sands in all, iden ti - fied by Scott num bers, and du ti fully ar ranged in mint or used sec tions. In cludes 7 stockbooks of uni fied and 2 for Lib - er ated area is sues, with vary ing quan ti ties of is sues. Be sure to in ves ti gate the Cul tural Rev o lu tion sec tion, as there is much of use to be found within. A vast hold ing, not of ten seen these days, a care ful in spec tion in vited, mostly Fine to Very Fine or better (photo on web site). Estimate HK$ 35,000-45,000 Sale 13 - Sep. 28,

98 PEOPLE S REPUBLIC: Collections 2653 Pow er ful All Mint Col lec tion, Housed in three well filled vol umes and packed with value. With many better com plete sets in clud ing Scott 57-59, 60-64, in pairs, , , , , , , , , and vir tu ally com plete from that point on with nu mer ous book lets, ex hi bi tion sheets etc. You will also find a small en ve lope stuffed with value in clud ing nu mer ous Gate de fin i tive is - sues with some Lib er ated is sues, 8 dif fer ent val ues from Mao s Po ems is sues, from Yang W7 as well as a use ful range of CTO ed is sues. Over all clean, fresh and well worth the time to evaluate, Very Fine (photo on web site). Estimate HK$ 30,000-40, / Im pres sive and Ex ten sive Mint Stock of Min ia ture Sheets and Se-ten ant Strips. Clean, per fectly or ga nized and iden ti fied stock of many, many hun dreds of items, mostly all in man age able quan ti ties, iden ti fied by both Scott and Yang num bers in 4 bind ers. In cludes a strong run of min ia ture sheets as listed in Yang, plus strips back to A su perb, clean lot for break down, gen er ally Very Fine (photo on web site). Estimate HK$ 22,000-26, Use ful Con sign ment Bal ance to Housed in a pair of nice Fi del ity al bums, the par ent col lec - tion of many nice sin gle lots in this sale, still with good value re main ing, in clud ing a wide range of better sets, sin gles, good book lets, some sou ve nir sheets and more (photo on web site). Estimate HK$ 20,000-30, Small but Valu able Se lec tion. Housed in a small stockbook, in clud ing a good va ri ety of better items in clud ing Scott , 1586 Mon key New Year, 1433 and oth ers. We also note 3 il lus trated pic ture post cards made from ear lier China Stamps and other odds and ends. Clean, a nice lot, gen er ally o.g., never hinged, Very Fine (photo on web site). Estimate HK$ 15,000-18, Splendid Mint Selection. Com prised mostly of pre mium sets in tip-top con di tion, in clud ing better like Scott , , , , , , , , , , , , etc. Fresh, nice lot, o.g., never hinged, gen er ally Very Fine (photo on web site). Estimate HK$ 15,000-20, Ex ten sive Book let Stock. Com prised of many hun dreds of items, all neatly ar ranged in in di vid ual glass ines and iden ti fied by both Scott and Yang num bers. There are lit er ally doz ens of better items such as Scott 1645a-46a(3), 1664a(3), 1678a(10), 1764a(2), 1789a(2), 1832a, 1863a(2), 1889a(8), 1900a(4) with in creas ing quan ti ties from this point nearly to date. A fan tas tic lot for the trader as all is ready to go, ex am ine, Very Fine (photo on web site). Estimate HK$ 12,000-16, / Ex cep tional Deal ers Stock of Mint and Used. Com prised of sev eral hun dred iden ti fied and mostly housed on counterbook pages. Loaded with many com plete sets, there is ex cel lent value to be found through out in - clud ing MNH Scott , , , (2), , , , , 795, , 1074a, , , (2), , , , , C6-9, and used 795, plus more. An ex cel lent stock well worth the time re quired to view., post of fice fresh, over all Very Fine (photo on web site). Estimate HK$ 10,000-15, Early Sets, Orig i nal and Re print Is sues, Use ful old time se lec tion on a cou ple stockcards by Scott num bers in clud ing 1-4(3), 5-7(3), plus 2 re print sets, plus 3 re print sets, 1L121-24, 1L150-53(3 re print sets) and lots mo rel All iden ti fied, with good value in orig i nal print sets, ex am ine, Fine to Very Fine or better (photo on web site). Estimate HK$ 6,000-8, / Use ful Mint and Used Stock to About Com prised of many hun dreds neatly ar ranged on stock pages with many com plete sets in clud ing mint , (2 sets of orig i nals), , , , , , , , and A highly use ful clean stock, very clean, much is Very Fine (photo on web site). Estimate HK$ 5,000-6, / Mis cel la neous Se lec tion on Al bum Pages. Com prised mainly of Uni fied ma te rial in clud ing Scott 1-11,31-34, imperf, 1497, 1501 as well as a bit of Lib er ated area ma te rial in clud ing a cou ple East China cov - ers, ex am ine, gen er ally Very Fine (photo on web site). Estimate HK$ 4,500-5, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

99 PEOPLE S REPUBLIC: Year Sets 2663 Chairman Mao Cultural Revolution Button Accumulation. Ex ten sive col lec tion of over 300 items, all as sem bled dur ing the era, nearly all dif fer ent, in clud ing a won der ful range of de signs, sizes dif fer ent me di ums, etc. Lovely re mem brance of the times, ex am ine, Fine to Very Fine (photo on web site). Estimate HK$ 4,000-6, / Useful Collection. Housed in two vol umes, along with some ad di tional ma te rial in a small stockbook etc. Col lec tion is scat tered prior to 1980 and well filled from there to 1998 in clud ing better like Scott , 1617, , , 1761, 1810, 1820, 1844, 1862a, 1863, 1863a,1904 and good runs from there. Fresh, ex am - ine, Very Fine (photo on web site). Estimate HK$ 3,000-4, N Se ries Is sues Se lec tion, , com prised of N5, N6, N8, N9, N10, N11, N13, N16, N18 and N19, all no gum as is sued or never hinged ex cept N19 part o.g., Fine to Very Fine (photo on web site). Estimate HK$ 2,500-3, ( ) Re print Is sues for Use in North east Se lec tion, Use ful se lec tion of re print sets com prised of Y and C5r-8r in matched up per right cor ner sheet num bered blocks of 4, C27r-30r (6 sets), C42r-46r (7 sets) and C54r-56r (15 sets), all fresh, nice group, with out gum as is sued, Very Fine (photo on web site). Estimate HK$ 2,000-2, T Se ries Is sues, Strong Mint Col lec tion, All in com plete sets and short just a few sets. Some perf tip ton ing, all never hinged ex cept T4, T13, T35, T37, T39, T41, T42, T43, and T44 hinged, oth er wise Fine to Very Fine (photo on web site). Estimate HK$ 1,500-2, J Se ries Is sues, Col lec tion. In com plete mint sets, ex am ine, mostly o.g., never hinged with just a few hinged sets; some ton ing and gen er ally light and con fined to perfs, Fine to Very Fine (photo on web site). Estimate HK$ 1,500-2,000 Year Sets , Year Sets com plete (Scott ), o.g., never hinged, Fine to Very Fine (photo on web site). Estimate HK$ 2,200-2, , Year Is sues (Scott , ), in clud ing eight com plete sets, o.g., never hinged, Fine to Very Fine (photo on web site). Estimate HK$ 1,400-1, , Year Sets com plete (Scott ), o.g., never hinged, Fine to Very Fine (photo on web site). Estimate HK$ 1,800-2, , Years Sets com plete (Scott ), o.g., never hinged, Fine to Very Fine (photo on web site). Estimate HK$ 1,000-1, , Years Is sues (Scott , ), in clud ing four teen sets, o.g., never hinged, Fine to Very Fine (photo on web site). Estimate HK$ 800-1,000 Sale 13 - Sep. 28,

100 PEOPLE S REPUBLIC: Postal History Postal History , Na tional Em blem (S1) com plete (Scott ), tied by three pic to rial datestamps, Very Fine. Estimate HK$ 800-1, , Tang Dy nasty Pot tery (S46) com plete FDC s (Scott ), set com plete on 2 pris tine, cacheted un ad dressed FDCs, Very Fine. Estimate HK$ 1,500-2, , Mei Lan-fang im per fo rate set com plete on 2 pris tine, cacheted and un ad dressed FDC s (Scott imp), lovely qual ity, Very Fine, Rare. Estimate HK$ 50,000-60, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

101 PEOPLE S REPUBLIC: Postal History , Mei Lan-fang, per fo rated (C94) com plete (Scott ), on two pris tine cacheted, unaddressed FDC's, Very Fine, scarce. Estimate HK$ 8,000-10, , But ter flies (S56) com plete on First Day Cov ers (Scott ), the set com plete on 4 lovely, cacheted, un ad dressed FDCs, fresh and Very Fine. Estimate HK$ 4,000-5, , Gi ant Pan das, per fo rated (S59) com plete perf and imperf on First Day Cov ers (Scott ), each set on a clean cacheted, un ad dressed FDC, fresh and Very Fine. Estimate HK$ 3,000-4,000 Sale 13 - Sep. 28,

102 PEOPLE S REPUBLIC: Postal History Ex 2680 Ex , Golden-haired Mon keys, per fo rated (S60) com plete perf and imperf on First Day Cov ers (Scott ), each set on pris tine cacheted, un ad dressed FDC, Very Fine. Estimate HK$ 2,500-3, , Peo ple s Lib er a tion Army (S74) com plete on First Day Cov ers (Scott ), set com plete on 2 cacheted, un ad dressed FDCs, pris tine, Very Fine. Estimate HK$ 1,500-2, (Mar 18), Na tional Sci ence Con fer ence sou ve nir sheet (J25M) (Scott 1383a), used on un ad - dressed first day cover, clean and Very Fine. Estimate HK$ 2,000-3, (Mar 24), air mail cover, Shang hai to Chi cago, franked by com plete set of Po lit i cal Con fer ence is sue (Scott 8-11, Yang C2), along with strip of 3 of $3,000 north China Lib er ated Area is sue, Scott 3L98, lovely and scarce cover, Very Fine. Estimate HK$ 1,500-2, (May 20), air mail cover, Shang hai to Chi cago, franked by com plete set of East China Lib er ated is sue, Scott 5L77-81, along with ad di tional post age re quire ment met by 1.41y Shang hai me ter can cel. Splen did com bi na tion, a lovely cover, Very Fine. Estimate HK$ 1,500-2, stamps@kelleherasia.com Sale 13 - Sep. 28, 2014

103 PEOPLE S REPUBLIC: Postal History (Aug 12), air mail cover, Shang hai to Chi cago, franked by the com plete set of Mao and Flag is - sue Scott 31-34, Yang C4 along with ad di tional post age, all tied by Shang hai c.d.s. s, lovely, at trac tive cover, Very Fine. Estimate HK$ 2,000-3, (Sept 19), air mail cover, Shang hai to Chi cago, franked by the com plete set of the Dove of Peace is sue (Scott 57-59, Yang C5), along with $10,000 Gate is sue. Fresh, a scarce set on cover, Very Fine. Estimate HK$ 1,000-1, (Oct 14), first day air mail cover, $800 1st An ni ver sary of the PRC, franked by $800 Chi nese Flag (Scott 62,Yang C39), the only value of the set is sued on this date, along with 3 other is sues all tied by Shang hai first day cdss. Front also shows vi o let Com mem o ra tive can cel, etc, lovely and very scarce cover, Very Fine. Estimate HK$ 1,500-2, (Dec 9), air mail cover, Shang hai to Chi cago, franked by 4 val ues of the Chi nese flag is sue, the only val ues avail able on the date used, along with $10,000 Gate is sue. Can ton 12/12/50 tran sit on back, Very Fine. Estimate HK$ 1,000-1, , se lec tion of 3 better early air mail cov ers to Chi cago, in clud ing a nice 1951 us age with Scott C1-3 and ad di tional post age, Scott 62 and ad di tional post age plus Scott 76, Sino-So viet Treaty is sue strip of 5 with ad di tional frank ing etc. Ex cel lent group, ex am ine, generally Very Fine (photo on web site). Estimate HK$ 2,000-3,000 Sale 13 - Sep. 28,

104 PEOPLE S REPUBLIC: Postal History 2690 Ex (Dec 12), air mail cover, Shang hai to Chi cago, franked by com plete set of Lu Hsun is sue (Scott , Yang C11), along with C1 and C4 air mails and $800 Gate is sue. Re verse shows Can ton 12/15 tran sit. At - trac tive cover, Fine to Very Fine. Estimate HK$ 1,500-2, Five Single Franked Cultural Revolution Domestic Covers. Com prised of W7, W13, W33, W36 and W64. Some faults, oth er wise Fine. Estimate HK$ 3,000-4, Use ful Group of 10 Slo gan Cov ers. Do mes tic us ages (one reg is tered), 2 stampless, as well as an ad - di tional 6 early cov ers, 1 reg is tered and an other in ter na tional. Nor mal us age faults, gen er ally Fine (photo on web site). Estimate HK$ 3,000-4, Col lec tion of Be tween Cov ers Nearly All With Lo cal Is sued Value Added La bels, In clud ing a few ear lier post age due cov ers. Many orig i nated from Shandong. Very few du pli ca tion. No tice many are reg is tered item with reg is tra tion la bels. Ex cel lent for the spe cial ist or those start ing to col lect these lo cal value added la bels. They were around for a very short du ra tion be fore this prac tice were banned. Col lec tor has sorted and la belled these in pen cil with the num ber of types ac cord ing to re search ar ti cle. Also 1968, Rev o lu tion ary Lit er a ture and Art (W5), sin gle val ues on 4 com mer cial bank covers to Hong Kong (photo on web site). Estimate HK$ 3,000-4, Clean Se lec tion of 4 Dif fer ent FDC s, All cacheted and un ad dressed, com prised of Yang C93 Tu Fu, C95 Oc to ber Rev o lu tion, S49 Folk Dances on 2 cov ers and S60 Golden Mon keys. Each fresh, nice group, Very Fine (photo on web site). Estimate HK$ 2,000-3, Nice First Day and Event Cover Hold ing. Com prised of over 60 cov ers, in clud ing use ful New Years, stamps like S and sou ve nir sheets like T82M, T88M(2), all un ad dressed, Fine to Very Fine (photo on web site). Estimate HK$ 1,000-1, Pair of Better First Day Cov ers, 1962 & 1964, each cacheted and un ad dressed, com prised of Scott and , Yang S48 and S68, Very Fine (photo on web site). Estimate HK$ 1,000-1,500 End of Sale - Thank You 98 stamps@kelleherasia.com Sale 13 - Sep. 28, 2014