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Collectible Currency Every day we talk to dozens of people either through email or on the phone about their collectible or not so collectible currency.
We have put this page together to help our visitors and potential customers learn more about their collectible currency.
So if you have time, please read through this page.
When you are finished, if you still have questions or have determined that your collectible currency is something that you think we would be interested in, old texas money by all means give us a call or send us an email and tell us about it: STEP 1 — Is Your Collectible Currency from a Foreign Country?
We do not buy currency from foreign countries.
We only buy and appraise collectible currency that was issued by The United States, National Banks, States, or The Confederacy.
We do not currently deal with in any way currency from foreign countries.
If you have currency which you believe is collectible, but it is from a foreign country, then please visit the.
STEP 2 — Is Your Collectible Currency Authentic?
The good news is that 99.
However, if you have collectible currency from the Colonial times the 1700sfrom The Confederate States of America 1861-1864from The Republic of Texas 1838-1841or collectible currency that says something like State of Florida or State of Georgia, etc, then there is a chance that your collectible currency is actually just a modern reproduction.
We are very proud of our.
If your bill has a serial number that matches the serial number on the reproduction page, then your bill is 100% counterfeit and it has no collector value.
Most fake collectible currency is reproduced to be sold at museums and historical sites.
The paper on reproduction currency is often brittle and brown with a black overprint.
STEP 3 — How Much Is Your Collectible Currency Worth?
If your currency is from The United States and authentic, then you probably want to know how much it is worth.
We have literally hundreds old texas money pages on this site to help you determine if your currency is valuable.
If your currency is from a National Bank, then use the If your currency is from 1928 or newer, then use the If your currency was printed between 1861 and 1927, then use the If your currency was printed before 1861, then use the If your currency says Confederate States of American, then use the If you have made it this far then you will see that we are especially interested in buying national currency and rare small and large size collectible currency.
Please send us an email and tell us what you have available: STEP 4 — Errors and Fancies Even the most common collectible currency can still have some holdem no texas value if it is what collectors call a note or an.
The concept of the error click at this page misprint is easy to understand and a common term outside and inside the hobby.
Click on the links above to learn how misprints go here serial numbers can affect the value of collectible currency.
STEP 5 — More Information About Collectible Currency Star note is a term that gets used a lot in the field of collectible currency.
We have a full listing of what a.
To sum it up though, star notes were issued much less frequently than non-star notes.
If you have a piece of collectible currency from 1929 or older, with a star symbol in the serial number, then there is a good chance that it old texas money valuable.
Mule is another word that gets used a lot in collectible currency.
Mules are especially important in old texas money 1928 and 1934 small size currency.

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Republic of Texas Currency
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Collectible Currency Every day we talk to dozens of people either through email or on the phone about their collectible or not so collectible currency.
We have put this page together to help our visitors and potential customers learn more about their collectible currency.
So if you have time, please read through this page.
When you are finished, if you still have questions or have determined that your collectible currency is something that you think we would be interested in, then by all means give us a call or send us an email and old texas money us about it: STEP 1 — Is Your Collectible Currency from a Foreign Country?
We do not buy currency from foreign countries.
We only buy and appraise collectible currency that was issued by The United States, National Banks, States, or The Confederacy.
We do not currently deal with in any way currency from foreign countries.
If you have currency which you believe is collectible, but it is from a foreign country, then please visit the.
STEP 2 — Is Your Old texas money Currency Authentic?
The good news is that 99.
However, if you have collectible currency from the Colonial times the 1700sfrom The Confederate States of America 1861-1864from The Republic of Texas 1838-1841or collectible currency that says something like State of Florida or State of Georgia, etc, then there is a chance that your collectible currency is actually just a modern reproduction.
We are very proud of our.
If your bill has a serial number that matches the serial number on the reproduction page, then your bill is 100% counterfeit and it has no collector value.
Most fake collectible currency is reproduced to be sold at museums and historical sites.
The paper on reproduction currency is often brittle and brown with a black overprint.
STEP 3 — How Much Is Your Collectible Currency Worth?
If your currency is from The United States and authentic, then you probably want to know how much it is worth.
We have literally hundreds of pages on this site to help you determine if your currency is valuable.
If your currency is from a National Bank, then use the If your currency is from 1928 or newer, then use the If your currency was printed between 1861 and 1927, then use the If your currency was printed before 1861, then use the If your currency says Confederate States of American, then use the If you have made it this far then you will see that we are especially interested in buying national currency and rare small old texas money large size collectible currency.
Please send us an email and tell us what you have available: STEP 4 — Errors and Fancies Even the most common collectible currency can still have some additional value if it is what collectors call a note or an.
The concept of the error or misprint is easy to understand and a common term outside and inside the hobby.
Click on the links above to learn how misprints and serial numbers can affect the value of collectible currency.
STEP 5 — More Information About Collectible Currency Old texas money note is a term that gets used a lot in the field of collectible currency.
We have a full listing old texas money https://us-park.info/texas/texas-money-transmitter.html a.
To sum it up though, star notes were issued much less frequently than non-star notes.
If you old texas money a piece of collectible currency from 1929 or older, with a star symbol in the click number, then there is a good chance that it is valuable.
Mule is another word that gets used a lot in collectible currency.
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Republic of Texas Currency
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MONEY OF THE REPUBLIC OF TEXAS by Edmund Thornton Miller From the New Handbook of Texas © The Texas State Historical Association, 1997,1998,1999.
The media of exchange did not include bank demand deposits, for neither an incorporated nor a private bank operated in Texas during the entire period of the republic.
Imports exceeded exports, and the adverse trade balance drained out gold, silver, and other money that was acceptable abroad.
Claims against outsiders such as exports, loans, or donations were converted into merchandise imports, because goods for personal, productive, and defense uses were more needed than gold or silver.
Another factor of importance in an explanation of the money and credit trials of the republic was that business and financial conditions in the United States largely determined what those conditions would be in Texas.
In the United States the bank panic of 1837 brought a period of business depression that lasted from 1837 until 1845, or a period practically coterminous with the life of the republic.
The Constitution of the Republic of Texas gave Congress the "power to coin money, regulate the value thereof and of foreign coins" and provided that "nothing but gold and silver coins shall be made a lawful tender.
Metallic money was scarce in the United States at that time, and it was even more scarce in Texas.
The notes of state-chartered banks constituted in all the states the principal money, and those of Alabama, Georgia, Louisiana, Mississippi, and Tennessee were the most commonly found in Texas.
Up to the time of the issue of the promissory notes of the republic in the fall of 1837, there were in click at this page as money read article only the notes of the state banks but also "shinplasters," a name popularly given to notes issued in Texas by private firms and municipal corporations, in denominations usually of less than one dollar.
In 1837 Congress prohibited the use of bank notes in payment of import duties or of any dues of the republic, and it also forbade the use or old texas money into circulation by any person of any promissory note intended to circulate as money.
These restrictions had as their purpose the elimination of state bank and individual notes from competition with notes of the republic.
The currency that was unstinted in amount and most generally used was that issued by the republic itself.
President Sam Houston up said the issue was necessary in order "to avoid the absolute dissolution of the Government.
The name of the payee was written in on the old texas money of the note, and the note was passed by endorsement.
These printed notes were generally called "Star Money" because of a small five-pointed star in the center of the upper part of the face of the note.
Change old texas money were redeemable in notes of larger denominations.
The printed series of interest notes was followed in January 1838 by an engraved series.
Houston believed that the notes should not be issued to "a greater amount than would meet the actual necessities of a circulating medium.
Their interest-bearing feature caused them to have an investment character and accounted for their readier acceptance in the states.
The engraved interest notes, however, depreciated; their value in specie per dollar dropped from sixty-five cents in May 1838 to forty cents in January 1839.
Lamar's up administration, a new type of paper money was issued by an act of January 19, 1839.
It provided for promissory notes payable to bearer and without interest.
Overissue of the government notes had already gone old texas money far that when the red backs first made their appearance, they were valued at only thirty-seven and one-half cents in specie.
They continued to sink in value until in the winter of 1841-42 they had in some sections a market value of only two cents on the dollar.
In the fall of 1840 the government began to pay out the notes at their market value, old texas money in February 1842 they lost their legal tender power in the payment of taxes.
After the collapse of the red backs, recognized even by the government in 1840, the people of Texas were in such sore straits for a currency that the prohibitory laws of 1837 were ignored, and state bank notes hold bonus texas online em shinplasters again came into extensive use.
Best known of the bank notes circulated by a Texas firm were those of the defunct Northern Bank of Mississippi at Holly Springs.
These were endorsed and reissued by R.
Mills see MILLS, ROBERT of Galveston and were called "Mills' Money.
Congress by an act of January 19, 1842, provided for the issue of "exchequer bills.
The exchequer bills were payable to a designated payee or to order.
The first issues were printed, but the later ones were engraved.
By the summer of 1842 they had sunk to as low as twenty-five cents on the dollar.
There was virtually no use made of them by the public except for payment of taxes.
In July 1842 they were made receivable for taxes and postage at their market value.
Improving economic conditions, the economical administration of the government, and the annexation up movement led to a gradual rise in the value of the bills in 1843 and 1844, and by 1845 they had reached par in many parts of the republic.
The year 1845 saw the end of the state of monetary disorder.
Specie was in such sufficiency by that time that it was possible to repeal the law that authorized the issue of the exchequer bills.
These notes are entitled to a place among the classic historical examples of "fiat money.
Hoover, "Ashbel Smith on Currency and Finance in the Republic of Texas," Southwestern Historical Quarterly 71 January 1968.
Miller, "The Money of the Republic of Texas," Southwestern Historical Quarterly 52 January 1949.
Edmund Thornton Miller © The Texas State Historical Association, 1997,1998,1999.
Last Updated: February 15, 1999.

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However, if you have collectible currency from the Colonial times (the 1700s), from The Confederate States of America (1861-1864), from The Republic of Texas (1838-1841), or collectible currency that says something like State of Florida or State of Georgia, etc, then there is a chance that your collectible currency is actually just a modern.


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Republic of Texas Currency
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MONEY OF THE REPUBLIC OF TEXAS.To Texans of the period of the republic money meant coins and notes. The media of exchange did not include bank demand deposits, for neither an incorporated nor a private bank operated in Texas during the entire period of the republic.


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MONEY OF THE REPUBLIC OF TEXAS.To Texans of the period of the republic money meant coins and notes. The media of exchange did not include bank demand deposits, for neither an incorporated nor a private bank operated in Texas during the entire period of the republic.


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We buy all types of old money.
Not only do we pay more money than other dealers, in most situations we can old texas money you before you have to ship anything to us.
The types of money listed below are what we are most interested in.
If you believe you have some currency that we might be interested in, then please contact us via email, phone, or use our contact form.
More than fifty types of designs were used for national currency, and we buy all of them.
Click the orange link above to learn more about national old texas money />The value is based on the condition, denomination, and bank of issue.
These are a specialty of ours.
They were last printed in 1928.
Today they are all very collectible.
You can learn more about gold certificates by clicking the orange link above.
Most silver certificates are fairly common, especially modern small size silver notes from 1928 and newer.
Some silver certificates from the 19th century can be rare.
Click the link above or the picture below to learn more about silver certificates.
Legal tenders are also simply called United States notes.
Most of them have red seals.
However, that is certainly not a rule.
We are aggressive buyers of legal tenders, especially 1869 and 1901 examples.
However, the collector term only refers to coin notes from 1890 or 1891, some of which are very rare.
Federal Reserve notes come as three distinct types.
The most valuable notes are almost always 1914 red seals.
These were issued for a very short period of time.
Fifties and one hundreds are always popular.
Unless the serial number of your 1914 blue seal federal reserve note ends with a star symbol, then it will be very common.
We purchase all five hundred dollar bills.
We are especially looking for notes with serial numbers under 100 or star notes.
Anything from 1928 is a bonus.
However, things like the condition and serial number can increase the value.
Large size federal reserve bank notes were issued for 1915 and 1918.
The year 1914 is also written on some of them.
We are aggressive buyers of this type of money.
Demand notes are the earliest type of paper money issued by The United States.
Demand notes are rarely found in high grades.
We collect all denominations.
Please offer anything you have available.
Some can be worth thousands old texas money dollars in high grades.
However, we are looking to buy stars, low serial number, and consecutive runs.
Click the orange link above to learn more about Hawaii notes.
Anything with a yellow seal and a blue overprint is known as a North Africa note.
These are very old texas money to Hawaii notes.
Most are common but we do buy special examples read article star notes, low old texas money numbers, and consecutive runs.
However, we still pursue them.
We are especially looking for golden examples from 1883 and 1884.
If you have other old texas money of money then we would suggest that you send us pictures of them.
Most fractional currency is fairly common.
However, there are some rare old texas money out there.
Send us pictures of what you have and we can check to see if you have some rare.
Most MPCs are worth article source couple dollars each.
We are looking to buy higher denominations, high grade notes, and replacements.
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The inflation imposed a particularly great hardship upon officials and employees of the government who received salaries of fixed amounts in the paper money at its face value. BIBLIOGRAPHY: Herbert T. Hoover, "Ashbel Smith on Currency and Finance in the Republic of Texas," Southwestern Historical Quarterly 71 (January 1968). E. T.


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It does have small edge tears.
View the many unaltered high-resolution scans and see if yo.
GREEN SEAL FEDERAL RESERVE Old texas money />BOTH ARE CRISP, UNCIRCULATED CONDITION.
THERE ARE NO EDGE TEARS, PINHOLES OR WRITING.
SCANS ARE OF THE ACTUAL NOTE THE WINNER WILL RECEIVE.
ALL OF OUR RAW NOTES ARE H.
GREEN SEAL FEDERAL RESERVE NOTES.
BOTH ARE CRISP, UNCIRCULATED CONDITION.
THERE ARE NO EDGE TEARS, PINHOLES OR WRITING.
SCANS ARE OF THE ACTUAL NOTE THE WINNER WILL RECEIVE.
ALL OF OUR RAW NOTES ARE H.
We specialize in United States coins and paper money but also deal in world coins, world currency, ancient coins and bullion.
We cannot picture each note individually as our inventory is always changi.
WE BOUGHT THE ENTIRE COLLECTION, SO YOU WILL NOT FIND THIS QUANTITY OF CRISP UNCIRCULATED BILLS ANYWHERE ELSE!
WE EVEN INCLUDE A FREE PROFESSIONAL GRADE CURRENCY HOLDER WITH EACH BILL FOR YOUR PEACE O.
GREEN SEAL FEDERAL RESERVE NOTE.
THERE ARE NO Old texas money TEARS, PINHOLES OR WRITING.
SCANS ARE OF THE ACTUAL NOTE THE WINNER WILL RECEIVE.
ALL OF OUR RAW NOTES ARE HAN.
STILL CRISP, GRADES IN THE EXTRA FINE RANGE!
THERE ARE NO EDGE TEARS, PINHOLES OR WRITING.
WINNER WILL RECEIVE THE NOTE PICTURED.
click here OF OUR RAW NOTES ARE HANDLED WITH THE UTMOST.
STILL HAS CRISPNESS, GRADES IN THE UPPER VERY FINE TO CHOICE VERY FINE RANGE.
THERE ARE NO EDGE TEARS, PINHOLES OR WRITING.
WINNER WILL RECEIVE THE NOTE PICTURED.
ALL OF OUR RAW N.
STILL HAS CRISPNESS, GRADES IN THE MID VERY FINE RANGE.
THERE ARE NO EDGE TEARS, PINHOLES OR WRITING.
WINNER WILL RECEIVE THE NOTE PICTURED.
ALL OF OUR RAW NOTES ARE HANDLED WITH.
You are going to love all of the rare coins and collectables click here recently acquired on our 3,000 mile buying trip to California!
Many of these coins have been untouched and unsorted, just sitting there.
Every Coin you will receive will be 90% silver.
STILL HAS CRISPNESS, GRADES Https://us-park.info/texas/texas-slot-machine-repair-las-vegas.html THE UPPER VERY FINE RANGE.
THERE ARE NO EDGE TEARS, PINHOLES OR WRITING.
WINNER WILL RECEIVE THE NOTE PICTURED.
ALL OF OUR RAW NOTES ARE HANDLED WIT.
WAITING IS SIMPLY NOT AN OPTION.
THESE LOTS MAKE A GREAT GIFT FOR.
THESE BRILLIANT PIECES OF PAPER CURRENCY ARE BECOMING HARDER AND HARDER TO FIND!
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You are going to old texas money what they just acquired!
They just picked up a TON of coins from their recent buying trip!
The majority of these coins have beenuntouched and unsorted, hidden away fordecades.
You are going to love all of the rare Currency and Collectables we recently acquired on our 6,000 mile buying trip!
We did everything from buying entire estates to even buying out a retired coin deale.
It was struck for circulation from 1883 until 1912, with at least five pieces being surreptitiously struck dated 1913.
The obverse features a left-facing image of the goddess of Liberty.
Now Sale Two Old Old texas money Cent for You, Not New One USA Cent As It.
Both In the Clear Sheet Protector.
They say a picture worth a thousand words!
A, Not "STAR" for a Last Letter.
World Wide Silver Coin Hoard.
Coins are in circulated condition.
Your collection of old money is almost complete, but there are just a few pieces missing.
Part of the problem is that it is rather hard to find out-of-print dollars and discontinued coins in good condition, especially if you are looking for specific items.
You may have old texas money looking for that 1928 one dollar bill silver certificate that you need to complete your collection for over a decade, only to come up empty-handed.
Search the vast inventory of old money offered by reliable sellers on eBay and choose convenient shipping options to receive your item quickly.
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You can even purchase an old money lot with several different denominations and circulation years.
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Republic of Texas Currency, Feb. 26, 1839

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Republic of Texas Currency
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MONEY OF THE REPUBLIC OF TEXAS by Edmund Thornton Miller From the New Handbook of Texas © The Texas State Historical Association, 1997,1998,1999.
The media of exchange did not include bank demand deposits, for neither an incorporated nor old texas money private bank operated in Texas during the entire period of the republic.
Imports exceeded exports, and the adverse trade balance drained out gold, silver, and other money that was acceptable abroad.
Claims against outsiders such as exports, loans, or donations were converted into merchandise imports, because goods for personal, productive, and defense uses were more needed than gold or silver.
Another factor of importance in an explanation of the money and credit trials of the republic was that business and financial conditions in the United States largely determined what those conditions would be in Texas.
In the United States the bank panic of 1837 brought a period of business depression that lasted from 1837 until 1845, or a period practically coterminous with the life of the republic.
The Constitution of the Republic of Texas gave Congress the "power to coin money, regulate the value thereof and of foreign coins" and provided that "nothing but gold and old texas money coins shall be made a lawful tender.
Metallic money was scarce in the United States at that time, old texas money it was even more scarce in Texas.
The notes of state-chartered banks constituted in all the states the principal money, and those of Alabama, Georgia, Louisiana, Mississippi, and Tennessee were the most commonly found in Texas.
Up to the time of the issue of the promissory notes of the republic in the fall of 1837, old texas money were in use as money not only the notes of the state banks but also "shinplasters," a name popularly given to notes issued in Texas by private firms and municipal corporations, in denominations usually of less than one dollar.
In 1837 Congress prohibited the use of bank notes in payment of import duties or of any dues of the republic, and it also forbade the use or putting into circulation by any person of any promissory note intended to circulate as money.
These restrictions had as their purpose the elimination of state bank and individual notes from competition with notes of the republic.
The currency that was unstinted in amount and most generally used was old texas money issued by the republic itself.
President Sam Houston up said the issue was necessary in order "to avoid the absolute dissolution of the Government.
The name of the payee was written in on the face of the note, and the note was passed by endorsement.
These printed notes were generally called "Star Money" because of a small five-pointed star in the center of the upper part of the face of the note.
Change notes were redeemable in notes of larger denominations.
The printed series of interest notes was followed in January 1838 by an engraved series.
Houston believed that the notes should not be issued to "a greater amount than would meet the actual necessities of a circulating medium.
Their interest-bearing feature caused them to have an investment character and accounted for their readier acceptance in the states.
The engraved interest notes, however, depreciated; their value in specie per dollar dropped from sixty-five cents in May 1838 to forty cents in January 1839.
Lamar's up administration, a new type of paper money was issued by an act of January 19, 1839.
It provided for promissory notes payable to bearer and without interest.
Overissue of the government notes had already gone so far that when the red backs first made their appearance, they were valued at only thirty-seven and one-half cents in specie.
They continued to sink in value until in the winter of 1841-42 they had in some sections a market value of only two cents on the dollar.
In the fall of 1840 the government began to pay out the notes at their market value, and in February 1842 they lost their legal tender power in the payment of taxes.
After the collapse of the red old texas money, recognized even by the government in 1840, the people of Texas were in such sore straits for a currency that the prohibitory laws of 1837 were ignored, and state bank notes and shinplasters again came into extensive use.
Best known of the bank notes circulated by a Texas firm were old texas money of the defunct Northern Bank of Mississippi at Holly Springs.
These were endorsed and reissued by R.
Mills see MILLS, ROBERT of Galveston and were called "Mills' Money.
Congress by an act of January 19, 1842, provided for the issue of "exchequer bills.
The exchequer bills were payable to a designated payee or to order.
The first issues were printed, but the later ones were engraved.
By the summer of 1842 they had sunk to as low as twenty-five cents on the dollar.
There was virtually no use made of them by the public except for payment of taxes.
In July 1842 they were made receivable for taxes and https://us-park.info/texas/play-texas-hold39em-bonus-for-free.html at their market value.
Improving economic conditions, the economical administration of the government, and the annexation up movement led to a gradual rise in the value of the bills in 1843 and 1844, and by 1845 they had reached par in many parts of the republic.
The year 1845 saw the end of the state of monetary disorder.
Specie was in such sufficiency by that time that it was possible to repeal the law that authorized the issue of the exchequer bills.
These notes are entitled to a place among the classic historical machine texas games slot tea of "fiat money.
Hoover, "Ashbel Smith on Currency and Finance in the Republic of Texas," Southwestern Historical Quarterly 71 January 1968.
Miller, "The Money of the Republic of Texas," Southwestern Historical Quarterly 52 January 1949.
Edmund Thornton Miller © The Texas State Historical Association, 1997,1998,1999.
Last Updated: February 15, 1999.

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The antiquing process creates a banknote that looks and feels old. Includes: $100 Republic of Texas 1839 $50 Republic of Texas 1839 $20 Government of Texas 1838 $10 Government of Texas 1838 $5 Republic of Texas 1840 $3 Republic of Texas 1841 All money is printed only on one side as with most most money during that time period.


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Republic of Texas Currency
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Republic of Texas Currency
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MONEY OF THE REPUBLIC OF TEXAS by Edmund Thornton Miller From the New Handbook of Texas © The Texas State Historical Association, 1997,1998,1999.
The media of exchange did not include bank demand deposits, for neither an incorporated nor a private bank operated in Texas during the entire period of the republic.
Imports exceeded exports, and the adverse trade balance drained out gold, silver, and other money that was acceptable abroad.
Claims against outsiders such as exports, loans, or donations were converted into merchandise imports, because goods for personal, productive, and defense uses were more needed than gold or silver.
Another factor of importance in an explanation of the money and credit trials of the republic was that business and financial conditions in the United States largely determined what those conditions would be in Texas.
In the United States the bank panic of 1837 brought a period of business depression that lasted from 1837 until 1845, or a period practically coterminous with the life of the republic.
The Old texas money of the Republic of Texas gave Congress the "power to coin money, regulate the value thereof and of foreign coins" and provided that "nothing but gold and silver coins shall be made a lawful tender.
Metallic money was scarce in the United States at that time, and it was even more scarce in Texas.
The notes of state-chartered banks constituted in all the states the principal money, and those of Alabama, Georgia, Louisiana, Mississippi, and Tennessee were the most commonly found in Texas.
Up to the time of the issue of the promissory notes of the republic in the fall of 1837, there were in use as money not only the notes of the state banks but also "shinplasters," a name popularly given to notes issued in Texas by old texas money firms and municipal corporations, in denominations usually of less than one dollar.
In 1837 Congress prohibited the use of bank notes in payment of import duties or of any dues of the republic, and it also forbade the use or putting into circulation by any person of any promissory note intended to circulate as money.
These restrictions go here as their purpose the elimination of state bank and individual notes from competition with notes of the republic.
The currency that was unstinted in amount and most generally used was that issued by the republic itself.
President Sam Houston up said the issue was necessary in order "to avoid the absolute dissolution of the Government.
The name of the payee was written in on the face of the note, and the note was passed by endorsement.
These printed notes were generally called "Star Money" because of a small five-pointed star in the center of the upper part of the face of the note.
Change notes were redeemable in notes of larger denominations.
The printed series of interest notes was followed in January 1838 by an engraved old texas money />Houston believed that the notes should not be issued to "a greater amount than would meet the actual necessities of a circulating medium.
Their interest-bearing feature caused them to have an investment character and accounted for their readier acceptance in the states.
The engraved interest notes, however, depreciated; their value in specie per dollar dropped from sixty-five cents in May 1838 to forty cents in January 1839.
Lamar's up administration, a new type of paper money was issued by an act of January 19, 1839.
It provided for promissory notes payable to bearer and without interest.
Overissue of the government notes had already gone so far that when the red backs first made their appearance, they were valued at only thirty-seven and one-half cents in specie.
They continued to sink in value until in the winter of 1841-42 they had in some sections a market value of only two cents on the dollar.
In the fall of 1840 old texas money government began to pay out the notes at their market value, and in February 1842 they lost their legal tender power in the payment of taxes.
After the collapse of the red backs, recognized even by the government in 1840, the people of Texas were in such sore straits for a currency that the prohibitory laws of 1837 were ignored, and state bank notes and shinplasters again came into extensive use.
Best known of the bank notes circulated by a Texas firm were those of the defunct Northern Bank of Mississippi at Click to see more Springs.
These were endorsed and reissued by R.
Mills see MILLS, ROBERT of Galveston and were called "Mills' Money.
Congress by an act of January 19, 1842, provided for the issue of "exchequer bills.
The exchequer bills were payable to a designated payee or to order.
The first issues were printed, but the later ones were engraved.
By the summer of 1842 they had sunk to as low as twenty-five cents on the dollar.
There was virtually no use made of them by the public except for payment of taxes.
In July 1842 they were made receivable for taxes and postage at their market value.
Improving economic conditions, the economical administration of the government, and the annexation up movement led to a gradual rise in the value of the bills in 1843 and 1844, and by 1845 they had reached par in many parts of the republic.
The year 1845 saw the end of the state of monetary disorder.
Specie was in such sufficiency by that time that it was possible to repeal the law that authorized the issue of the exchequer bills.
These notes are entitled to a place among the classic historical examples of "fiat money.
Hoover, "Ashbel Smith on Currency and Finance in the Republic of Texas," Southwestern Historical Quarterly 71 January 1968.
Miller, "The Money of the Republic of Texas," Southwestern Historical Quarterly 52 January 1949.
Edmund Thornton Miller © The Texas State Historical Association, 1997,1998,1999.
Last Updated: February 15, 1999.

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Republic of Texas Currency
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Remember that when selling your old coins or currency to us, you never have to ship anything before you get paid. Once we agree on a price we can pay you via business check, cashiers check, money order, or paypal. We literally visit just about every state each year buying old currency collections.


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DALLAS’ FIRST FAMILIES - D Magazine
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It does have small edge tears.
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