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Currency Appraisal and Old Paper Money Dealer
Greg Davis
Back to National Currency Summary

Series 1902 Blue Seal National Currency Bank Notes

National Currency was changed around 1907 replacing the red seal and overprint with blue.
Series 1902 Blue seals are the most common large sized national bank notes found today.
While common from large banks and cities, blue seals from less populous states can be worth thousands of dollars.
Western states like Nevada, Arizona, Alaska and Idaho are always in high demand.
Blue seals come in two varieties as seen on the back. Plainback and Dateback.
The $5 and $10 dollar banknotes below are plainbacks while the rest are datebacks.
Datebacks are the older design and can occasionally carry a slight premium.

Series 1902 $5.00 National Currency Blue Seal. Series 1902 $5.00 Blue Seal National Currency
The 1902 $5.00 blue seal national note is one of the mainstays of the national collecting hobby.
They are common enough to be available from every state and can be had for as little as $75 for a common bank.
This is not to say they can't be pricey. A nice $5.00 blue seal from Alaska will be a five figure note.

Series 1902 $10.00 National Currency Blue Seal. Series 1902 $10.00 Blue Seal National Currency
Between the $5.00 and the series 1902 $10.00 blue seal I don't know which is more common.
These notes are collected by bank mostly so denomination rarely comes into play with these notes.
Grade is a less important feature. The rule of thumb is that the more common the bank, the less value the note will have.
These notes can be bought for as little as $75 in limp condition and can be as much as six figures for the right note on the right bank.

Series 1902 $20.00 National Currency Blue Seal. Series 1902 $20.00 Blue Seal National Currency
The 1902 $20.00 blue seal is slightly better in general than the $5.00 and $10.00.
Because they were printed in lesser quantities they are less common.
Again, value is generally driven from the bank but all other things being equal a $20 should bring a slight premium.
Values on this note can be anywhere from $100.00 to 100k if the stars align and the national currency gods are smiling.

Series 1902 $50.00 National Currency Blue Seal. Series 1902 $50.00 Blue Seal National Currency
1902 $50.00 blue seals are a much less common type and start to have value for the type rather than the bank.
Value still derives from the bank but a common bank will see it's note valued higher on a $50 than a $20.
A rare bank on a $50 and it's a nice note that will bring much interest.
The range of values on the $50 would be $400 for a rag on a common bank reaching into six figures for a rare charter on a good state.

Series 1902 $100.00 National Currency Blue Seal. Series 1902 $100.00 Blue Seal National Currency
The series 1902 $100 blue seal is a desirable note for it's rarity apart from the bank that issued it.
A $100 on a common bank is still a nice note that deserves attention.
These note are rarely found for less than $1000 and can bring 50 times that value.
The note I have displayed here is the first note I bought for my son Henry.