140

Texas Currency

Currency:USD Category:Collectibles / Autographs Start Price:NA Estimated At:400.00 - 600.00 USD
Texas Currency

Bidding Over

The auction is over for this lot.
The auctioneer wasn't accepting online bids for this lot.

Contact the auctioneer for information on the auction results.

Search for other lots to bid on...
Auction Date:2011 Nov 17 @ 18:00 (UTC-5 : EST/CDT)
Location:5 Rt 101A Suite 5, Amherst, New Hampshire, 03031, United States
ALS - Autograph Letter Signed
ANS - Autograph Note Signed
AQS - Autograph Quotation Signed
AMQS - Autograph Musical Quotation Signed
DS - Document Signed
FDC - First Day Cover
Inscribed - “Personalized”
ISP - Inscribed Signed Photograph
LS - Letter Signed
SP - Signed Photograph
TLS - Typed Letter Signed
Thirty-two pieces of Government of Texas promissory notes, 30 $5.00 notes, one $10 note, and one $20 note, all dated 1838–1839. These were sometimes referred to as Interest Notes because they were payable with ten percent interest one year from the date of issue. In good condition, with fragile cancellation cuts to all, ink cancellation notes to several, moderate toning and creasing, and expected wrinkling and handling wear. A total of almost $1.2 million in these notes were issued between late 1837 and early 1839. Rather than appreciating at a ten percent annual rate, however, the notes decreased in value—to less than 50 cents on the dollar by January of 1839. The Robert Davis Collection.