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Old Money from The Farmers National Bank Of Lexington | 7207

The Farmers National Bank Of Lexington

The Farmers National Bank Of Lexington in Oklahoma printed $37,300 dollars worth of national currency. In the scheme of things, that is a very tiny output. Notes from this bank should be rare. This national bank opened in 1904 and stopped printing money in 1909, which equals a 6 year printing period. That is obviously a very short period of time. During its life, The Farmers National Bank Of Lexington issued 9 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 Farmers National Bank Of Lexington was located in Cleveland County. It was assigned charter number 7207.

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The Farmers National Bank Of Lexington in Oklahoma printed 250 sheets of $5 1902 territorial blue 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. It may or may not come as a shock, but there are only a half dozen five dollar 1902 blue seal territorial notes currently known to exist. That small number is a direct result of small printing numbers. Only nine banks in the entire country even issued the $5 blue seal as a territorial. One in Alaska, two in Hawaii, two in Arizona, and four in New Mexico. Each note has a portrait of Benjamin Harrison on the left hand side of the bill. If you want to know the exact output of total blue seal territorial $5 bills for this bank then you can just take the number of sheets printed and multiply that number by four. Each sheet had four five dollar bills on it. Not sure if yours is a territorial or a state issue? Just look below the bank’s title. Written in a slightly curved text will be the name of the state the bank was in. If the word Ter or Territorial is before the name of the state then you have a territorial. Territorials are of course more valuable than regular issue state notes.
1902 $5 Blue Seal Territorial National Bank Note

The Farmers National Bank Of Lexington printed 200 sheets of $10 1902 territorial blue seal national bank notes. That is a remarkably small number. Any note known to exist from a print run like that would be a true statistical miracle of survival. Common isn’t the right word, but the ten dollar bill is the most “available” denomination of 1902 blue seal territorial notes. There are currently around 30 1902 $10 blue seals known to exist from all territories. You can take the number of sheets printed for this bank, and multiply that by three to get the exact number of $10 notes printed for this type. Each note of course has the portrait of William McKinley on the left hand side. The charter number and overprint are both in blue ink. The number below McKinley is the serial number as it relates to the bank (and it is usually very low). The serial number in the upper right is the treasury serial number which is normally about six digits long. Typically when collectors hear territorial blue seal we think about New Mexico and Arizona. Both of those states printed such notes until each became a state in 1912. However, we also have to remember that all blue seals printed by Hawaii, Alaska, and Porto Rico fit the bill as well since all of their issues were of course issued before statehood.
1902 $10 Blue Seal Territorial National Bank Note

The Farmers National Bank Of Lexington also printed 200 sheets of $20 1902 territorial blue seal national bank notes. As is the case with all large size twenty dollar national bank notes, the number of sheets printed is the same as the number of individual notes printed. Right now there are about a dozen 1902 $20 territorial blue seals known to exist from all banks in the country. That is not many to go around, but this is still a small hobby. Most collectors who need one probably have one. However, there is still room for these to be very valuable based on their serial number and condition. Just like non-territorials, these also have a picture of Hugh McCulloch on the front of them. These are still good for the face value of $20 today; we definitely don’t recommend spending them though.
1902 $20 Blue Seal Territorial National Bank Note

The Farmers National Bank Of Lexington also printed 100 sheets of $5 1902 red seal national bank notes. All red seals are very rare. But that sheet output is extremely low. We would love to see a picture of what you have. Five dollar red seals are typically a little bit rarer than some higher denominations. That rarity is typically just a result of small issuances. Most national banks preferred to issue $10 and $20 1902 red seals. Each one of these five dollar bank notes has a portrait of Ben Harrison on the left hand side of the bill. Most people are quick to notice the cursive charter date with a year between 1902 and 1908 written on it. That date will never affect the value.
1902 $5 Red Seal National Bank Note

The Farmers National Bank Of Lexington also printed 80 sheets of $10 1902 red seal national bank notes. All red seals are very rare. But that sheet output is extremely low. We would love to see a picture of what you have. Collectors love ten dollar 1902 red seals. They usually represent the rarest bank notes printed by any national bank. Don’t let the term “series of 1902” confuse you. These were actually printed for about six years between 1902 and 1908. That is obviously a very short issue period which means that many red seals are quite rare. Each note has a portrait of William McKinley. Be sure to check the number under McKinley. If it is #1 then you are dealing with a note from the first sheet of bank notes issued. Number one bank notes are worth even more money than the already rare red seals.
1902 $10 Red Seal National Bank Note

The Farmers National Bank Of Lexington also printed 80 sheets of $20 1902 red seal national bank notes. Twenty dollar red seal bank notes have poor survival rates. They don’t command premiums compared to the ten dollar denomination, but they are definitely rarer. All 1902 red seals were printed on four note sheets. There were three ten dollar bills and one twenty dollar bill per sheet. The 1902 $20 notes have a portrait of Hugh McCulloch on them. The charter number and seal are both printed in red ink. The serial numbers have a slight blue tint to them. The charter number is printed around the border of the note several times. The bank’s title is right in the middle of the note and the state of issue is printed just below the title. Remember that all national bank notes are valued based on their condition and rarity. The same rule applies to 1902 $20 red seals.
1902 $20 Red Seal National Bank Note

The Farmers National Bank Of Lexington also printed 295 sheets of $5 1902 blue seal national bank notes. In the scheme of things that is a really tiny printing number. You are likely dealing with a true rarity. 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 Farmers National Bank Of Lexington also printed 208 sheets of $10 1902 blue seal national bank notes. In the scheme of things that is a really tiny printing number. You are likely dealing with a true rarity. 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 Farmers National Bank Of Lexington also printed 208 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

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