PMG-certified Red Seal Banknotes with Serial Number 1 Command Impressive Prices
Posted on 2/24/2025
Collectors still have the opportunity to acquire rare Red Seal National Bank Notes with Serial Number 1 that are certified by Paper Money Guaranty® (PMG®). The notes, from the Coronado Collection, are being offered by GreatCollections, which has already seen several sell for six-figure prices.
Printed for individual US banks, the Red Seal notes were issued early in the 1902 Series of National Bank Notes. National Bank Notes with Serial Number 1 are especially prized by the collecting community, and they sometimes represent the first notes issued by their bank.
GreatCollections began the auction in October 2024 and has already sold a Nogales, Territory of Arizona 1902 $10 Red Seal with Serial Number 1 graded PMG 30 Very Fine that realized $231,750 on October 6, 2024.
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Other impressive PMG-certified Coronado notes recently sold include a Leadville, Colorado 1902 $100 Red Seal with Serial Number 1 graded PMG 35 Choice Very Fine, which realized $180,562 on January 19, 2025, and an Ocala, Florida 1902 $5 Red Seal Serial Number 1 graded PMG 63 Choice Uncirculated, which realized $143,437 on December 8, 2024.
There are many outstanding Coronado banknotes still available for collectors, including a Sterrett, Indian Territory 1902 $10 Red Seal with Serial Number 1 graded PMG 30 Very Fine (lot 1641479), which has already seen bidding exceed $25,000. Bidding ends for this lot on March 9, 2025.
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Other PMG-certified Coronado notes currently available include:
- a Paintsville, Kentucky 1902 $10 Red Seal with Serial Number 1 graded PMG 53 About Uncirculated EPQ (lot 1641485), for which bidding ends on March 2
- a Zelienople, Pennsylvania 1902 $10 Red Seal with Serial Number graded PMG 25 Very Fine (lot 1641560), for which bidding ends on March 9
- a Paintsville, Kentucky 1902 $5 Red Seal with Serial Number 1 graded PMG 50 About Uncirculated (lot 1641484), for which bidding ends on March 16
- a Coquille, Oregon 1902 $10 Red Seal with Serial Number 1 graded PMG 50 About Uncirculated EPQ (lot 1641556), for which bidding ends on March 16
- a Norfolk, Nebraska 1902 $10 Red Seal with Serial Number 1 graded PMG 35 Choice Very Fine (lot 1641502), for which bidding ends on March 16
- a Columbia, Kentucky 1902 $10 Red Seal with Serial Number 1 graded PMG 25 Very Fine (lot 1641483), for which bidding ends on March 9
- a Spalding, Nebraska 1902 $5 Red Seal with Serial Number 1 graded PMG 25 Very Fine (lot 1641503), for which bidding ends on March 2
- a Boyne City, Michigan 1902 $5 Red Seal with Serial Number 1 graded PMG 30 Very Fine (lot 1641493), for which bidding ends on March 2
Prices realized include a buyer’s premium.
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