A Guide Book to United States Paper Money (Friedberg) does not list a red seal for notes printed with the Word "Hawaii" on it. So I'm not quite sure it's real. You might check with Paper Money Guaranty, a company that certifies and grades US paper money.
"Hawaii" notes were printed with brown seals. If that's what you have, as of 12/2014 retail prices are in the range of $45 to $75 for a bill in average condition, while a nice uncirculated one might sell for as much as $275.
"Hawaii" overprint bills were actually printed in Washington DC like all US bills at the time, but they were distributed in Hawaii during WWII.
The reason for brown ink and overprint was so the bills could be easily identified and declared worthless if the Japanese invaded Hawaii.
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