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 \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28223, realized $4560. Image and description courtesy of Heritage Auctions, https://ha.com.
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