The Groves National Bank Of Hollis
The Groves National Bank Of Hollis in Oklahoma printed $110,550 dollars worth of national currency. That is a small output. National bank notes from here should be scarce. This national bank opened in 1907 and stopped printing money in 1929, which equals a 23 year printing period. That is a fairly normal lifespan for a national bank. During its life, The Groves National Bank Of Hollis 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 Groves National Bank Of Hollis was located in Harmon County. It was assigned charter number 8825.
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The Groves National Bank Of Hollis in Oklahoma issued 150 sheets of $5 1902 territorial red 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. 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 Groves National Bank Of Hollis printed 180 sheets of $10 1902 territorial red 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. 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 Groves National Bank Of Hollis also printed 180 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 Groves National Bank Of Hollis also printed 255 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 Groves National Bank Of Hollis also printed 194 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 Groves National Bank Of Hollis also printed 194 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
