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We Paid $11,000!

Rare $50 1902 Red Seal Bill from The National Bank of Commerce of Guthrie, OK

Bank Name:  The National Bank of Commerce of Guthrie

State:  OK – Oklahoma

Charter Number:  7299

Lifetime:  Operated 1904 to 1912 | Total Issue – $303,600

Series:  $50 – 1902 Red Seal National Banknote

Sheets Printed:  300

Value:  Call, Text, or Email For A Quote | Info@RareCurrency.com | 864-430-4020

Basic Design:

Rarity and Value:  John Sherman is pictured on the front of each third charter $50 bill. Right now there are only about 100 1902 $50 red seals known to exist! That means that even generic examples should sell for a few thousand dollars. If you have a note from a rare bank or rare state, that also happens to be in great condition, then the value could easily be in excess of $10,000. Please contact us for exact values. Don’t forget to check the serial number. Number 1 notes always sell for nice premiums.

Current Market Analysis:  Oklahoma was a territory until 1908. Anything issued before that date is called a territorial and is considered especially desirable. The one exception would be a 1902 red seal issued without the territorial status. The reality is that there are hundreds of scarce brown back, red seals, and blue seals from Oklahoma. The market is still generally strong, but it is down from the peak which was probably in 2011. We generally advise that first charter notes are the best notes available from any state. However, Oklahoma didn’t have any banks that issued first charters. Virtually every town in Oklahoma was tiny when nationals were originally issued. A large supply of currency was not needed to meet the demand of these small communities. That is why so bank notes are so scarce today.

We Are Buyers!!!

We buy all antique paper money issued by The National Bank of Commerce of Guthrie, OK. We can tell you how much your $50 bill is worth. We aren’t just dealers. We are also collectors, experts, and appraisers. We have contributed to numerous price guides and are considered specialists in the field of national currency. Contact us via phone or email to get your free appraisal today.

Info@RareCurrency.com – 864-430-4020

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