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Lot 19319

Image Information

Type Currency
Title Lot 19319
Country U.S.
Grade Very Fine 30PPQ
Service PCGS
Description Austin, TX - Republic of Texas $20 January 25, 1840 Cr. A6 Olson 763 Medlar 26. PCGS Very Fine 30PPQ. The iconic images of Texas historical events are familiar to the general public from their depictions in books, television and film. Texas currency often reflects that imagery, and provides tangible artifacts of the state's history, geography, and culture. This section is organized alphabetically by city, and includes notes from the Republic and Civil War eras. Notes from towns, counties, banks and private issuers show a perspective of Texas' financial history, and will appeal to the enthusiastic collecting base that has developed over many decades. The Republic of Texas notes are listed using the traditional Bradbeer-Criswell-Shull numbers by series. The fifth series, emitted from Austin, was engraved and printed by Rawdon, Wright Hatch & Edson, New Orleans with the added imprint Rawdon, Wright & Hatch, New York. These are the Orange Star back notes, and they are especially ornate. The introduction of the intaglio color backs on this series is one of the earlier uses of color backs in American security printing history and practice. At the upper left is an Indian drawing a bow. At the top right of center, Liberty and an Indian support a shield showing a small Texas Star. At the right, under the counter, is Athena as Liberty, trampling Tyranny (as used as an emblem on Virginia notes, Sic Semper Tyrranis arms motif). The orange back has the large five-pointed Texas Star with each of the letters in T E X A S in between each point, respectively. Both ends show an intricate large die and filigree details. Neither the denomination nor the type is rare, but the vast majority known are hammer cut cancelled or have cut-out cancels of various sizes. This PPQ note is not cancelled, and rare as such. An iconic intaglio engraved Obsolete and worthy of strong attention as an uncancelled note. Notes from this series are relentlessly in demand, and they only gain further in popularity since their beauty and history is unquestioned. Ex: Eric P. Newman Numismatic Education Society. Realized $587.50. Newman VI (Heritage Auctions, 4/2015), lot 19319. Description courtesy of Heritage Auctions.

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