Austin, TX- Republic of Texas 25¢ May 1, 1843 Cr. A11 Medlar UNL. ...
Excessively Rare 25¢ Republic of Texas Exchequer NoteAustin, TX- Republic of Texas 25¢ May 1, 1843 Cr. A11 Medlar UNL
The Exchequer notes are in a class by themselves, one which is on every Texas collector's wish list. Exchequer notes were the last paper money of the Republic and were issued from 1842-45. They were closely controlled and diligently destroyed when redeemed due to their being backed by gold. These important notes were also actually signed by President Sam Houston. Only $14,600 of Exchequer notes were issued in total. In fact, the total census of all denominations combined is probably in the range of a mere 20 to 25 survivors, many of which are low grade or impaired in some fashion. This 25¢ note is evenly circulated and fully margined all the way around. The signatures are bold and dark, and the note is uncancelled and unmolested, and comes without a single negative comment on the third party holder. This denomination is unlisted in Medlar, showing that he did not even know of its existence through 1968, when his Texas reference was published. PMG Very Fine 20, a fabulous Texas rarity which will likely make our estimate appear conservative.
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