Ex - Heritage Numismatic Auctions, Inc.'s "Texas Collection," January 4, 2001, Lot 4107, where it was described as follows: "1902 $100 Third Charter Red Seal, Fr-687, VF. Just about perfect for the grade, with excellent centering, bright, original colors, and delicate pen signatures that have a certain antique-looking charm. If one really looks close, there are a several pinholes about the portrait and near the center that have no real bearing on either the appeal or the value of this spectacular note.

On the rare occasions that a $100 Red Seal Texas National of any bank comes up for sale, it has to be considered a landmark offering. No more than four examples of the type are thought to exist, even though Texas had 31 banks that issued these high denomination Red Seal notes during the early part (1902-1908) of the Third Charter period. Only Pennsylvania with 70 and New York with 37 had a higher total of issuing banks for the type. In addition to this note, there is a Fine example from the Canyon National Bank (also from the Everson collection), a VG note from the First National Bank of Granbury, and an XF specimen from the First National Bank of San Marcos. Listen for a slight buzz when this great Texas National prize comes up for sale"