Old Money from The Duncan National Bank Of Duncan | 7289
The Duncan National Bank Of Duncan
The Duncan National Bank Of Duncan in Oklahoma printed $110,650 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1904 and stopped printing money in 1921, which equals a 18 year printing period. That is actually quite brief in terms of bank existence. During its life, The Duncan National Bank Of Duncan issued 6 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 Duncan National Bank Of Duncan was located in Stephens County. It was assigned charter number 7289.
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The Duncan National Bank Of Duncan in Oklahoma issued 430 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 Duncan National Bank Of Duncan printed 398 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 Duncan National Bank Of Duncan also printed 398 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
The Duncan National Bank Of Duncan also printed 1,505 sheets of $5 1902 blue seal national bank notes. Most banks that printed such a small number of blue seal bank notes fall into the rare bank category. 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 Duncan National Bank Of Duncan also printed 1,041 sheets of $10 1902 blue seal national bank notes. Most banks that printed such a small number of blue seal bank notes fall into the rare bank category. 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 Duncan National Bank Of Duncan also printed 1,041 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