||Austin, TX - Republic of Texas $500 May 29, 1839 Cr. A9 Olson 772 Medlar 29. PCGS Extremely Fine 40 Apparent. This is the highest denomination from the Austin-emitted fifth series engraved by Rawdon, Wright Hatch & Edson, New Orleans/Rawdon, Wright & Hatch, New York imprint. This example has excellent eye appeal and is in choice condition. At the upper left is seated Commerce and Plenty (also referred to as "Industry") with a Texas Star shown on a small shield (vignette signed by Geo. Hatch), and to its right, a "D" die. At far left is "500" on a wide lathe work panel. At the far right, between "500" counters in the corners, is seated Liberty with an eagle. Like the other denominations on the orange back, it has the large five-pointed Texas Star with each letter of T E X A S in between a star point respectively. A desirable highest denomination note from the series; many of those known have unsightly cancellations or ill-advised repairs. This note is cleanly hammered cancelled and is cited with "Hinge Repaired Cancellations" that are neatly performed. This example is broadly margined on the face and has an especially vibrant appearance on both sides. Recent auction records from our January 2015 FUN sale indicate strong demand for the type continuing unabated. This will fit into the finest high grade denomination set very well, and have the added cachet of a distinguished pedigree. Ex: Eric P. Newman Numismatic Education Society.
Realized $4,465.00. Newman VI (Heritage Auctions, 4/2015), lot 19320. Description courtesy of Heritage Auctions.