Old Money from The Oklahoma City National Bank Of Oklahoma City | 6678
The Oklahoma City National Bank Of Oklahoma City
The Oklahoma City National Bank Of Oklahoma City in Oklahoma printed $286,700 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 1903 and stopped printing money in 1911, which equals a 9 year printing period. That is obviously a very short period of time. During its life, The Oklahoma City National Bank Of Oklahoma City issued 10 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 Oklahoma City National Bank Of Oklahoma City was located in Oklahoma County. It was assigned charter number 6678.
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The Oklahoma City National Bank Of Oklahoma City in Oklahoma issued 1,325 sheets of $10 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. 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 Oklahoma City National Bank Of Oklahoma City printed 1,325 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 Oklahoma City National Bank Of Oklahoma City also printed 500 sheets of $50 1902 territorial red seal national bank notes. A print run under 1,000 will get the attention of most people. Combine that with a territorial and you have a real winner. 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 Oklahoma City National Bank Of Oklahoma City also printed 500 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 Oklahoma City National Bank Of Oklahoma City also printed 500 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 Oklahoma City National Bank Of Oklahoma City also printed 500 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 Oklahoma City National Bank Of Oklahoma City also printed 1,938 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 Oklahoma City National Bank Of Oklahoma City also printed 1,938 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 Oklahoma City National Bank Of Oklahoma City also printed 157 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 Oklahoma City National Bank Of Oklahoma City also printed 157 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