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    First Series Texas White "Lone Star" $100 Note

    Houston, TX - Republic of Texas $100 Dec. 15, 1837 Cr. H9A, Olson 481, Medlar 41var. PCGS Extremely Fine 40 Apparent.
    The first series Republic of Texas "Star" notes are very popular and difficult to obtain in higher grades. The series was authorized by the Texas Congress Act of June 9, 1837. Notes were payable twelve months from issue date and yielded 10% interest per their obligation. Henry Smith, Secretary Treasurer at that time, served as the first Governor of the Provisional Government of Texas in 1835. He lost the election for the first presidency of the Republic of Texas to Sam Houston, but actually garnered more votes than Stephen F. Austin. This has a secretarial signature of Sam Houston (notice the similarities of William G. Cooke's signature on the back, as he was designated the signer for Houston). There is no imprint for this series and type.

    At the top center, a five-pointed Texas Star is flanked by counters in octagonal, ornamental cartouches. The denomination ONE HUNDRED DOLLARS is wide. Ornamental pattern ends and top engraving add to the appeal. At lower left is "Treas'y." This is Cross-Cut Cancelled (CCC), as most often seen. A scarce type from a historically interesting series. There are several paper and printing variants known. Plate A. Serial number 1392. PCGS notes "Tape Repaired Edge Splits, Tears, and Cancellations." Scattered glassine tape repairs, observed from the plain back, strengthen the note which from the face is very bold. The note is full and has strong edges without chips out as often seen on this fragile paper. This is a handsome example and represents the issue perfectly.
    Ex: Eric P. Newman Numismatic Education Society

    Auction Info

    Auction Dates
    November, 2017
    1st-2nd Wednesday-Thursday
    Bids + Registered Phone Bidders: 15
    Lot Tracking Activity: N/A
    Page Views: 564

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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