This article was originally printed in the latest issue of Numismatic News.
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Ohio collector Richard Beck has won a Crisp Uncirculated $1,000 Federal Reserve Note from Heritage Auction Galleries, the grand prize in the firm’s 2010 Auction Survey contest.
“This is the 10th annual Currency Survey Heritage has presented,” said David Mayfield, Heritage’s vice president of auctions.
Beck shared his story. His fascination with the different designs on coins inspired his start as a collector in 1948. He used the proceeds from a paper route – as well as looking through that change for numismatic treasures – to assemble complete sets of the then-circulating coinage, as well as collecting Indian Head cents, Buffalo nickels, Barber quarters and Walking Liberty half dollars. In 1969 he sold his coins and began collecting paper money.
“I’ve focused all my collecting desires into [currency],” said Beck. “My collection has many complete sets of series dates in most denominations of notes. I’ve always considered myself a collector first and an investor second.”
Beck ultimately intends to consign his collection with Heritage.
Several other collectors were survey winners, as well. In Heritage’s special drawing for members of the Society of Paper Money Collectors and the American Numismatic Association, Bob Kosmo and Ronald Shiban won $20 Nationals in CU condition.
Three second place winners each won the future opportunity to auction up to $100,000 of notes or coins free of seller’s commissions – a possible $5,000 benefit. Five third place winners won the future opportunity to auction up to $50,000 of notes or coins free of seller’s commissions – a possible $2,500 benefit.