Old Money from The First National Bank Of Alvin | 7070
The First National Bank Of Alvin
The First National Bank Of Alvin in Texas printed $9,300 dollars worth of national currency. An output of less than $10,000 means that any national bank note from this bank should be extremely rare. This national bank opened in 1903 and stopped printing money in 1906, which equals a 4 year printing period. That means that money from this bank was not entering circulation very often. During its life, The First National Bank Of Alvin issued 2 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 First National Bank Of Alvin was located in Brazoria County. It was assigned charter number 7070.
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The First National Bank Of Alvin in Texas issued 62 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 First National Bank Of Alvin printed 62 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