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Old Money from The Citizens National Bank Of Los Angeles | 5927

The Citizens National Bank Of Los Angeles

The Citizens National Bank Of Los Angeles in California printed $14,300,540 dollars worth of national currency. Once a bank issues that much money there really isn’t much room for rare issues. However, there are certainly exceptions to every rule. This national bank opened in 1901 and stopped printing money in 1935, which equals a 35 year printing period. That is a fairly normal lifespan for a national bank. During its life, The Citizens National Bank Of Los Angeles issued 12 different types and denominations of national currency. We have examples of the types listed below. Your bank note should look similar. Just the bank name will be different. For the record, The Citizens National Bank Of Los Angeles was located in Los Angeles County. It was assigned charter number 5927.

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The Citizens National Bank Of Los Angeles in California printed 3,500 sheets of $50 1882 brown back national bank notes. Not many banks printed $50 1882 brown backs. Sheet outputs aren’t extremely important. However, it is good factual information to know. The most common 1882 $50 brown backs are worth about $5,000. However, some can be worth more than $10,000 based on condition, serial number, and bank of issue.
Series of 1882 $50 Brown Back

The Citizens National Bank Of Los Angeles printed 3,500 sheets of $100 1882 brown back national bank notes. Just because this bank printed more than 1,000 one hundred dollar brown backs does not mean that they are all common. We are very interested in purchasing $100 1882 brown back national bank notes. We have paid more than $15,000 for some examples. Send us pictures of what you have and we will respond quickly with an appraisal and offer.
Series of 1882 $100 Brown Back

The Citizens National Bank Of Los Angeles also printed 74,675 sheets of $5 1882 blue seal national bank notes. These were only issued by banks for about ten years (at the most). So it is unusual to see such a high sheet output. This will likely be a common issue unless it is rare signature combination variety. 1882 $5 blue seal bank notes were issued by some national banks in The United States. While these are a somewhat rarer issue, they just aren’t especially popular with collectors. With exception of some minor differences, they look exactly like the earlier brown back series. Most collectors would prefer the brown back notes. With that said, some 1882 blue seals can still be worth thousands of dollars. So don’t just assume that what you have is automatically common.
1882 Blue Seal $5 National Bank Note

The Citizens National Bank Of Los Angeles also printed 48,559 sheets of $10 1882 blue seal national bank notes. These were only issued by banks for about ten years (at the most). So it is unusual to see such a high sheet output. This will likely be a common issue unless it is rare signature combination variety. All of these notes say series of 1882 but they were actually printed between 1908 and 1921. So they aren’t quite as old as the dates might suggest. There is also a date on these notes that is between 1888 and 1901. That date is written in cursive text and it represents when the bank was chartered or re-chartered. Some of the so called 1882 value back notes have a chance to be really rare. Most of the earlier notes that say 1882-1908 on the back are likely going to be relatively common. The designs are exactly the same on the front. Each has a blue seal and charter number.
1882 Blue Seal $10 National Bank Note

The Citizens National Bank Of Los Angeles also printed 48,559 sheets of $20 1882 blue seal national bank notes. That is the same number of sheets as the ten dollar denomination. You don’t have to multiply by three to get the exact number of notes issued though. There was only one twenty dollar bill per sheet. As with any national bank note, the exact value is still based on the condition, serial number, and bank of issue.
1882 Blue Seal $20 National Bank Note

The Citizens National Bank Of Los Angeles also printed 4,288 sheets of $50 1882 blue seal national bank notes. High denomination 1882 blue seals like this are not frequently encountered, regardless of the number of notes printed. There is a big difference between the two types of 1882 $50 blue seals. The variety that says “1882-1908” on the back is rare, but no where near as rare at the type that says “Fifty Dollars.” The second variety is extremely rare and only about a half dozen are known to exist. The first type should still be worth at least $4,000. The second type is a five figure rarity though.
1882 Blue Seal $50 National Bank Note

The Citizens National Bank Of Los Angeles also printed 4,288 sheets of $100 1882 blue seal national bank notes. The number of sheets printed doesn’t matter too much here. All 1882 $100 blue seals are rare. They were issued by a total of 256 total national banks in the country. The rare 1882 value backs were only printed by banks in Dayton, Ohio and New Orleans, Louisiana. The slightly more common date backs are much more plentiful but still rare in the scheme of things.
1882 Blue Seal $100 National Bank Note

The Citizens National Bank Of Los Angeles also printed 70,094 sheets of $5 1902 blue seal national bank notes. Sadly, a printing range that high means that these blue seal bank notes from this bank are not going to be extremely rare. Ben Harrison is on the front of all 1902 $5 blue seal bank notes. This happens to be the smallest denomination issued for the 1902 series. Each note is complete with a blue seal and blue charter number. Despite saying series of 1902, these were actually issued by national banks between 1908 and 1928. There are two different types of blue seals. The first type is called a date back and it has “1902-1908” written on the back of the bill. The other type is called a plain back; it does not have the date stamps on the back of the bill. The values for these notes range widely based on condition and the bank of issue.
1902 $5 Blue Seal National Bank Note

The Citizens National Bank Of Los Angeles also printed 36,773 sheets of $10 1902 blue seal national bank notes. Once a bank prints more than 10,000 sheets of blue seals it becomes very difficult for those notes to be rare. 1902 $10 blue seal bank notes all have a portrait of William McKinley on them. Values can range from as little as $40 up to over $10,000. There really is no trick to know what is rare and what is common by just doing an internet search. You really need to work with an expert (like us) in order to determine the value of your specific bank note. There are at least ten different factors than can make some 1902 $10 blue seals worth more than others. We know exactly what to look for and we would be happy to provide a free appraisal and our best offer.
1902 $10 Blue Seal National Bank Note

The Citizens National Bank Of Los Angeles also printed 36,773 sheets of $20 1902 blue seal national bank notes. The same rarity rules for 1902 $10 blue seals also apply to $20 blue seals. Just remember that $20 bills are by nature three times rarer (unfortunately they don’t command a premium over other denominations). Hugh McCulloch is pictured on the front of each bill. Contact us if you need pricing help.
1902 $20 Blue Seal National Bank Note

The Citizens National Bank Of Los Angeles also printed 2,210 sheets of $50 1902 blue seal national bank notes. There is no trick to knowing which 1902 blue seals will be common and rare. Often times the number printed won’t tell you much information. The value still comes down to condition and demand. That is a surprise to most people. In fact, most 1902 $50 bills we see are worth between $750 and $1,250. The rarer ones can be worth more than $5,000. However, there isn’t much middle ground.
1902 $50 Blue Seal National Bank Note

The Citizens National Bank Of Los Angeles also printed 2,210 sheets of $100 1902 blue seal national bank notes. It is no coincidence that the sheet numbers for $50 bills and $100 bills are the same. They were printed on the same sheets. Most $100 blue seals are at least scarce; others can be very rare. John J Knox is printed on the front of each bill. Most collectors like the back design a lot more though. It is really unique and different from most other national bank notes. Prices for 1902 $100 blue seals are pretty similar to $50 blue seals. They are both equally common or equally rare, depending on how you look at it.
1902 $100 Blue Seal National Bank Note

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