Buckley, Gustafson and Briggs Collections among top treasures in Heritage's CSNS US Currency Auction
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Buckley, Gustafson and Briggs Collections among top treasures in Heritage's CSNS US Currency Auction
One of Three Boston Series 1928 $5,000s Documented.



DALLAS, TX.- Top collections often are described as assemblages that reflect the passion of those who built them.

One clear example is the collection of Charlton Buckley, the former San Francisco-area businessman who turned an early interest in numismatic collecting into a lifetime spent pursuing National Bank notes, large and small, as well as large and small size U.S. type notes — a journey that resulted in a trove of California Nationals and notes, including California Gold Bank Notes as well as Federal Reserve Notes. Exceptional selections from Buckley's collection will find new homes when they are sold in Heritage's CSNS US Currency Signature® Auction April 29-May 2.

The event will mark the second installment of the Buckley Collection at Heritage, which offered nearly 400 lots in its FUN US Currency Signature® Auction January 14-17.

"This collection exhibits depth that reflects meticulous effort and patience assembling it, literally five decades of dedication. The quality shows Charlton's knowledge of the banknotes and makes for a once-in-a-generation offering," says Dustin Johnston, Senior Vice President of Numismatics at Heritage Auctions. "It is just one of the exciting collections that will be featured in this auction."

Among the top offerings in Buckley's collection is a Fr. 2231-A $10,000 1934 Federal Reserve Note. PMG Choice Uncirculated 64 EPQ that was acquired by the consignor in 2015, when it was largely unknown within the numismatic community. High-denomination notes always are exceptionally popular, and this example is in magnificent condition: PMG has graded two other examples equal and only one Fr. 2231-A higher ... and that by a single grade point out of the total of 19.

From the same collection comes a San Francisco, CA - $50 1870 Fr. 1160 The First National Gold Bank Ch. # 1741 PMG Fine 12 that is one of only seven $50 National Gold Bank Notes — six of which are from this San Francisco bank — listed in the National Currency Foundation census. But with one of the overall seven reported $50 National Gold Bank Note survivors in multiple pieces and another likely off the market forever in the ANA museum, that leaves very few options for today's collectors to acquire one of these very rare notes. This event marks the first time this note has been offered at auction.

A Fr. 2221-E $5,000 1934 Federal Reserve Note. PMG Choice Uncirculated 63 from the same collection has appeared at auction just once before. The PMG Population Report states that they have graded 15 examples with just one Fr. 2221-E graded equal and two graded higher.

The auction will include 54 lots from the Ronald R. Gustafson Collection, which also was prominent in the FUN auction in January and in Heritage's Long Beach Expo US Currency Signature® Auction in September. Among the top available selections from the collection is a Fr. 2220-A $5,000 1928 Federal Reserve Note. PMG Choice About Unc 58 that is one of just three documented Boston series 1928 $5,000s. This beauty, one of three known examples, has been offered at Heritage twice before, the last time in 2004. PMG has graded two Fr. 2220-A notes and Track & Price lists three different serial numbers. This Friedberg number has not participated in an auction since 2013.Also from the Gustafson Collection is a Fr. 2200-H* $500 1928 Federal Reserve Star Note. PCGS Banknote About Unc 53. The higher-graded of only two Fr. 2200-H* stars known, this piece is also one of just nine for the $500 denomination and the 1928 Series that we have documented from several sources.

Error banknotes always entertain and intrigue many, and that is the case with a Dual Denomination Error Fr. 2001-E $10/$5 1928A Federal Reserve Note. PMG Choice Very Fine 35 from the Gustafson Collection that has been dubbed the "King of Errors." This is one of the scarcest dual denominations with around 10 examples accounted for today. The error note in this lot with serial number E04744284A once resided in the fabled Albert A. Grinnell collection.

The first installment of the Larry and Patricia Briggs Encased Postage Collection offers 69 lots in the auction, among them a rare HB-91 EP-71 Scott-61 Reed-CL05 5¢ Arthur M. Claflin Choice Extremely Fine. Fred Reed assigned a rarity rating of R-9 to his CL05 number, two to four known, but also stated that there are only four known of this denomination on this Hopkinton, Massachusetts clothier. Also, the Reed reference auction census shows just 12 appearances during the years 1891-94, a figure that undoubtedly includes considerable duplication. The Hodder-Bowers book states that there are two or three known. This auction marks just the third time an example of this piece has been sold at Heritage.

Other important lots from the Briggs collection include, but are not limited to:

• An HB-89 EP-184a Scott-UNL Reed-BE90 90¢ Burnett's Standard Cooking Extracts Extremely Fine that is the finer of two known 90-Cent Burnett's Standard Cooking Extracts

• An HB-127 EP-17 Scott-93a Reed-JG01RB 1¢ J. Gault Ribbed Frame Extremely Fine that is just the second example ever offered at Heritage Auctions

These assemblages are outstanding, but the auction also is teeming with lots not affiliated with any featured collections.

One such highlight is a unique Minneapolis, MN - $5 Original Black Charter Number Fr. 399a The Merchants National Bank Ch. # 1830 PMG Choice Fine 15. Heritage offered this extraordinary Minnesota rarity at its 2020 FUN auction, when it was billed as "... the sole Black Charter example known from this bank, and therefore the entire state, as this institution was the sole Minnesota issuer of these notes, which appear to have been created as a short-lived experiment to test affixing the charter number to each note ..." This variety resulted from a change in the bank's title in January 1874, from the First National Bank of Saint Anthony to the Merchants National Bank of Minneapolis.

A newly discovered Holdenville, Indian Territory - $10-$10-$10-$20 1882 Brown Back Fr. 490/504 The First National Bank Ch. # 5270 Uncut Sheet PMG Very Fine 30 has been called a "miracle of survival" because it was found in a box of documents that was headed for the shredder before being discovered and consigned for this auction. It becomes just the third uncut sheet of Territorial Brown Backs to be reported for all Oklahoma banks, both in Indian Territory and Oklahoma Territory, but one — from Oklahoma Territory, on a Wakita bank — is forever locked away in the holdings of the ANA Museum while the other uncut sheet, which is from Marlow in Indian Territory, is an uncut sheet of $5s and has been in the strong hands of an East Coast collector for decades. Viewed through that lens, this sheet is the only known $10-$10-$10-$20 Brown Back uncut sheet from Indian Territory and, most likely, the only Brown Back sheet from any Oklahoma bank to be publicly available for many years to come.

A Huron, Territory of Dakota - $5 1882 Brown Back Fr. 466 The First National Bank Ch. # 2819 PMG Very Fine 30, which represents another rare bank, is one of just four examples known from this charter and the only Territorial. The other three pieces reported from here are a State $10 Brown Back, a $100 Red Seal and a $50 Plain Back. This rare Territorial was first offered to the collecting public at auction in Heritage's 1994 FUN auction, and it remains exceptionally attractive.

An especially exciting offering in this auction is a group of original pastels and sketches by renowned American artist and banknote engraver Walter Shirlaw, out of the GFC Smillie estate. Shirlaw artworks with this thrilling provenance include his Fragment Pastel, Pastel on Paper and six unique untitled works. Shirlaw is perhaps best known to numismatists for his design of the $5 Educational note's Electricity Presenting Light to the World vignette.

Offered alongside the artworks in this auction is a gorgeous Fr. 268 $5 1896 Silver Certificate PCGS Banknote Superb Gem Unc 68 PPQ that is tied for the highest-graded example. It was offered originally at Heritage in 1997, when it was billed as being "as fine a $5 Ed as we have ever handled or are ever likely to handle in the future." PCGS Banknote has graded three equal and none higher, while PMG has not graded a single Fr. 268 equal or higher. The convergence of these offerings make this auction an opportunity not to be missed for numismatists and art lovers alike.










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