diff --git a/lib/blockchain/chain.js b/lib/blockchain/chain.js
index 3b19b0bf..2eae7eec 100644
--- a/lib/blockchain/chain.js
+++ b/lib/blockchain/chain.js
@@ -605,13 +605,15 @@ Chain.prototype.verifyInputs = co(function* verifyInputs(block, prev, state) {
     }
 
     // Verify sequence locks.
-    valid = yield this.verifyLocks(prev, tx, view, state.lockFlags);
+    if (i > 0 && tx.version >= 2) {
+      valid = yield this.verifyLocks(prev, tx, view, state.lockFlags);
 
-    if (!valid) {
-      throw new VerifyError(block,
-        'invalid',
-        'bad-txns-nonfinal',
-        100);
+      if (!valid) {
+        throw new VerifyError(block,
+          'invalid',
+          'bad-txns-nonfinal',
+          100);
+      }
     }
 
     // Count sigops (legacy + scripthash? + witness?)
@@ -644,6 +646,14 @@ Chain.prototype.verifyInputs = co(function* verifyInputs(block, prev, state) {
   if (historical)
     return view;
 
+  // Make sure the miner isn't trying to conjure more coins.
+  if (block.getClaimed() > block.getReward(view, height, this.network)) {
+    throw new VerifyError(block,
+      'invalid',
+      'bad-cb-amount',
+      100);
+  }
+
   // Verify all txs in parallel.
   valid = yield co.every(jobs);
 
@@ -654,14 +664,6 @@ Chain.prototype.verifyInputs = co(function* verifyInputs(block, prev, state) {
       100);
   }
 
-  // Make sure the miner isn't trying to conjure more coins.
-  if (block.getClaimed() > block.getReward(view, height, this.network)) {
-    throw new VerifyError(block,
-      'invalid',
-      'bad-cb-amount',
-      100);
-  }
-
   return view;
 });