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Rare 1902 $100 Red Seal National Bank Note to Headline August Global Showcase Auction

With our Spring 2024 Showcase Auction complete, we look forward to our upcoming August Global Showcase Auction, scheduled for August 12-16 & 19-22. Already Stack’s Bowers Galleries has assembled an impressive assortment of consignments representing some of the most popular and desirable notes ever issued by the United States. Included is a major rarity among National Bank Notes, a 1902 $100 Red Seal from the First National Bank of Auburn, Nebraska (Charter #3343).

Printed from 1902 to 1908, Red Seal National Bank Notes are scarce in any condition. With the bulk of known survivors representing the $5, $10, and $20 denominations, $50s and $100s are virtually unseen outside of the most advanced collections. The featured note looks like it could headline a Hickman-Oakes sale during the 1970s and represents one of just four notes of its type and denomination recorded on the state as a whole. Seldom encountered, only a small handful have come to auction in recent years. The fact that this is a replacement with only two notes recorded against the entire surviving population of 1902 $100 Red Seals adds additional desirability. This example retains vivid penned signatures from Cashier W.H. Hay and President Frederick E. Allen, a trait lost upon many Nationals due circulation or a poor choice of ink. The title block (also used by the First National Bank of Auburn, Maine – Charter# 154) likewise stands out compared to the relatively generic title blocks that became the norm with the Series of 1902.

This is a significant opportunity for both Friedberg-focused collectors and the group seeking elite-level Nationals. This note should attract its fair share of attention even before it crosses the auction block in August.

To consign your numismatic items to one of our upcoming auctions, please call 800-458-4646 or email [email protected].

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