The Peoples National Bank Of Economy
The Peoples National Bank Of Economy in Pennsylvania printed $35,700 dollars worth of national currency. In the scheme of things, that is a very tiny output. Notes from this bank should be rare. This national bank opened in 1904 and stopped printing money in 1909, which equals a 6 year printing period. That is obviously a very short period of time. During its life, The Peoples National Bank Of Economy 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 Peoples National Bank Of Economy was located in Beaver County. It was assigned charter number 7528.
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The Peoples National Bank Of Economy in Pennsylvania printed 238 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 Peoples National Bank Of Economy printed 238 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