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Old Money from The Choctaw-Chickasaw National Bank Of Durant | 6928

The Choctaw-Chickasaw National Bank Of Durant

The Choctaw-Chickasaw National Bank Of Durant in Oklahoma printed $60,400 dollars worth of national currency. A production number that low doesn’t save room for many survivors. Currency from this bank will be rare. This national bank opened in 1903 and stopped printing money in 1909, which equals a 7 year printing period. That is obviously a very short period of time. During its life, The Choctaw-Chickasaw National Bank Of Durant issued 3 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 Choctaw-Chickasaw National Bank Of Durant was located in Bryan County. It was assigned charter number 6928.

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The Choctaw-Chickasaw National Bank Of Durant in Oklahoma issued 385 sheets of $5 1902 territorial red seal national bank notes. Collectors love to buy notes from such a small print run. It doesn’t get much smaller than under 500 sheets printed. 1902 red seals have always been a collector favorite. Territorial bank notes have always been popular. When you combine those two factors the result can be a very valuable bank note. We are of course specifically looking at the five dollar denomination. Most $5 red seals are known to exist from Fairbanks, Alaska, thanks to a hoard discovery in the 1960s. There are also about a dozen $5 territorial red seals known to exist from Oklahoma. The design is exactly like any other third charter bank note. Ben Harrison is on the left hand side of the bill. There is a red four digit charter number and red seal. The charter number is printed around the border of the bill several times.
1902 $5 Red Seal Territorial National Bank Note

The Choctaw-Chickasaw National Bank Of Durant printed 282 sheets of $10 1902 territorial red seal national bank notes. Collectors love to buy notes from such a small print run. It doesn’t get much smaller than under 500 sheets printed. This denomination and type was the most prolifically issued territorial note. Some can be quite rare. There is a hierarchy in terms of rarity. Red seals from Hawaii are the absolute rarest. In fact, none from Hawaii are currently known to exist. Ten dollar red seals from Porto Rico are also extremely rare, as are red seals from Alaska. The average collector is most likely to encounter red seals from Arizona, New Mexico, and Oklahoma. There were far more territorial banks in Oklahoma during the red seal period than any other state, so notes from Oklahoma are the most common. However, most all red seals should be worth more than $10,000, and sometimes considerably more. William McKinley is pictured on the left hand side of each bill. The number under McKinley is the bank serial number. If that number is #1, then you can expect an additional premium on the value.
1902 $10 Red Seal Territorial National Bank Note

The Choctaw-Chickasaw National Bank Of Durant also printed 282 sheets of $20 1902 territorial red seal national bank notes. That of course equals the number of sheets printed for the ten dollar denomination. A total of 259 national banks in the country issued $20 territorial red seals. There are currently only about 30 of them known to exist, and that total includes all national banks. That survival rate is really poor. That means that these notes are rare and valuable. They were usually printed in small quantities and very few new ones are found these days. High grade examples are scarce as are notes printed by banks not located in Oklahoma.
1902 $20 Red Seal Territorial National Bank Note

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