My Cart

The cart is empty

$20 National City Bank of Grand Rapids RED SEAL Note - Series 1902

$20 National City Bank of Grand Rapids RED SEAL Note - Series 1902
$20 National City Bank of Grand Rapids RED SEAL Note - Series 1902$20 National City Bank of Grand Rapids RED SEAL Note - Series 1902
$1,300.00

1 item in stock
+

Specifications

Fr. 639
F12 Apparent
1902
Red Seal
$20
3293
9491

$20 National City Bank of Grand Rapids RED SEAL Note - Series 1902 - graded F12 Apparent by PCGS.  Holder notes "small edge tears at bottom."   One of two known $20 Red Seals known on this bank.

Like coin grading, currency is valued by its date and mintage, rarity, and condition. The currency grading system assigns grades (Poor 1- Perfect New 70), based on the note’s condition. Some factors are easily determined (e.g. number of folds, centering of the images and broadness of margins). Others require years of experience in assignment of the grade: corner bends, pinholes, handling marks, smudges, ink marks, stains, tears and splits. Is the banknote truly in its original condition? If so, paper waves and a slight raise in the ink due to embossing should be evident.

To get a grip on the history of US currency, check out these two sites: https://uscurrency.gov (US Currency Education Program) and http://www.moneyfactory.gov/uscurrency/history.html.

PCGS NGC Michigan State Numismatic Society 

Mullen Coins, LLC, Coin Dealers, Supplies, Grand Rapids, MI
LF Proud Member Logo PMG Authorized DealerWest Michigan Coin Club