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Old Money from The City National Bank Of Wagoner | 7628

The City National Bank Of Wagoner

The City National Bank Of Wagoner in Oklahoma printed $53,700 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 1905 and stopped printing money in 1909, which equals a 5 year printing period. That is obviously a very short period of time. During its life, The City National Bank Of Wagoner issued 4 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 City National Bank Of Wagoner was located in Wagoner County. It was assigned charter number 7628.

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The City National Bank Of Wagoner in Oklahoma printed 308 sheets of $50 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. We often talk about how rare 1902 $50 red seals are. However, that rarity gets lifted to a whole different level when we start talking about $50 territorial red seals. Only two are currently known to exist and they are both from San Juan, Puerto Rico. In fact, only six banks in the entire country issued the type (the other five issuers are all from Oklahoma).
1902 $50 Red Seal Territorial National Bank Note

The City National Bank Of Wagoner printed 308 sheets of $100 1902 territorial red seal national bank notes. There was a single $100 bill and $50 bill on each sheet of national bank notes of this type. There are currently only three 1902 territorial $100 red seals known to exist and one of those is in a museum. That total is spread across the entire country. So needless to say, these are rare birds indeed. Just like with the fifties, only six banks even printed $100 red seals as territorials. Obviously $100 was a lot of money back when these were printed (between 1902 and 1908). This is not something that was saved as a curiosity item. The ones that are known to exist were almost certainly saved by accident and rediscovered at a time when they had become collectible. At the time these were originally circulating no one knew these would one day become great rarities.
1902 $100 Red Seal Territorial National Bank Note

The City National Bank Of Wagoner also printed 50 sheets of $50 1902 red seal national bank notes. That is also the exact number of $50 red seals printed by this bank. Each sheet contained one $50 bill and one $100 bill. They are all extremely rare. The value for a generic circulated example is usually around $4,000. Most are worth more and some can be worth considerably more. John Sherman is pictured on each note. Otherwise it has the same markings you would expect to find on any 1902 red seal.
1902 $50 Red Seal National Bank Note

The City National Bank Of Wagoner also printed 50 sheets of $100 1902 red seal national bank notes. As we said above, all high denomination 1902 red seals are extremely rare. The number of notes printed really doesn’t matter to collectors. 1902 $100 red seals are rare to the point that they are always in demand. Of course the standard valuation rules still apply. Condition and bank of issue are of paramount importance. We have paid over $12,000 for some of the rarest specimens.
1902 $100 Red Seal National Bank Note

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