82
        
        
          521
        
        
          522
        
        
          523
        
        
          521
        
        
          1912 Statistical Department overprint 'ROC' on Coiling Dragon 1c ochre pane of 20 from the right of the sheet with selvedge all
        
        
          around, position #12 with retouched 'One' variety and position #20 with broken top of 'One' variety, unused and no gum, reinforced
        
        
          perfs. but still rare. Well sealed inside a plastic holder.
        
        
          
            Ex Anna-Lisa and Sven-Eric Beckman, Provenance :Zurich Asia Nov.
          
        
        
          
            2007, lot 196.
          
        
        
          Photo
        
        
          HK$ 16,000 - 20,000
        
        
          522
        
        
          1912 Waterlow and Sons opt. ‘ROC’ on 1c ochre marginal block of 20, and 3c blue green marginal block of 10, block of 25 x 2,
        
        
          all mounted on a page, very fresh.
        
        
          
            Ex. Peter Holcombe collection. Chan 170, 172.
          
        
        
          Photo
        
        
          HK$ 6,000 - 7,000
        
        
          523
        
        
          1912 Waterloo and Sons overprint ‘ROC’ on Coiling Dragon 1c ochre pane of 20 from the right of the sheet with selvedge all
        
        
          around, position #12 with retouched ‘One’ variety and position #20 with broken top of ‘One’ variety, mint with part gum. Well
        
        
          sealed inside a plastic holder.
        
        
          
            Ex Anna-Lisa and Sven-Eric Beckman, Provenance :Zurich Asia Nov. 2007, lot 222.
          
        
        
          Photo
        
        
          HK$ 16,000 - 20,000
        
        
          524
        
        
          525
        
        
          Ex. 526
        
        
          524
        
        
          1912 Waterloo and Son opt. 'ROC' on Jumping Carp 20c maroon horiz. pair, blind perf. between, lightly hinged. Chan 178var.
        
        
          Photo
        
        
          HK$ 3,000 - 3,500
        
        
          525
        
        
          1912 Waterlow and Son opt. 'ROC' on Flying Geese $1 red and pale rose, basic stamp retouched 'One' variety unmounted and
        
        
          Flying Geese $2 carmine and salmon, basic stamp retouched 'Two' variety, mint full original gum, very fine. Chan 181a, 182a.
        
        
          Photo
        
        
          HK$ 24,000 - 28,000
        
        
          526
        
        
          1912 Revolution 1c to $5 complete set of 12, mint and minor toning gum. Chan 184-195. Photo
        
        
          HK$ 8,000 - 9,000