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Old Money from The National Bank Of Commerce Of Guthrie | 7299

The National Bank Of Commerce Of Guthrie

The National Bank Of Commerce Of Guthrie in Oklahoma printed $303,600 dollars worth of national currency. That is a pretty standard output. However, some types of currency from this bank could still be rare. This national bank opened in 1904 and stopped printing money in 1912, which equals a 9 year printing period. That is obviously a very short period of time. During its life, The National Bank Of Commerce Of Guthrie issued 8 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 National Bank Of Commerce Of Guthrie was located in Logan County. It was assigned charter number 7299.

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The National Bank Of Commerce Of Guthrie in Oklahoma issued 1,266 sheets of $50 1902 territorial red seal national bank notes. A total sheet output in the lows 1,000s is a great sign that you own a very rare bank note. 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 National Bank Of Commerce Of Guthrie printed 1,266 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 National Bank Of Commerce Of Guthrie also printed 300 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 National Bank Of Commerce Of Guthrie also printed 300 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

The National Bank Of Commerce Of Guthrie also printed 135 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 National Bank Of Commerce Of Guthrie also printed 135 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

The National Bank Of Commerce Of Guthrie also printed 413 sheets of $50 1902 blue seal national bank notes. There is no trick to knowing which 1902 blue seals will be common and rare. Often times the number printed won’t tell you much information. The value still comes down to condition and demand. That is a surprise to most people. In fact, most 1902 $50 bills we see are worth between $750 and $1,250. The rarer ones can be worth more than $5,000. However, there isn’t much middle ground.
1902 $50 Blue Seal National Bank Note

The National Bank Of Commerce Of Guthrie also printed 413 sheets of $100 1902 blue seal national bank notes. It is no coincidence that the sheet numbers for $50 bills and $100 bills are the same. They were printed on the same sheets. Most $100 blue seals are at least scarce; others can be very rare. John J Knox is printed on the front of each bill. Most collectors like the back design a lot more though. It is really unique and different from most other national bank notes. Prices for 1902 $100 blue seals are pretty similar to $50 blue seals. They are both equally common or equally rare, depending on how you look at it.
1902 $100 Blue Seal National Bank Note

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