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Lot 19322

Image Information

Type Currency
Title Lot 19322
Country U.S.
Grade Fine 15
Service PCGS
Description Carolina, TX - Town of Carolina $2 1844 Olson UNL Medlar UNL. PCGS Fine 15 Apparent. Texas currency specialists will be excited to see this uniquely styled 1844 Texas Republic era note from the Town of Carolina, which is unpublished in any reference and previously unknown. Engraved and printed by J. Manouvrier and Perez Snell, Lith, 36 Camp St, New Orleans; that early and exceedingly rare imprint combination is appreciated by students of Louisiana printing history. At top, between the "2" dies, is the title with bolded TWO DOLLARS across the center. The finely engraved obligation is important as the note was payable " Current Bank Notes or Promissory Notes of the Government of Texas..." The left end panel has TWO on shaded pattern. The right has the clearly stated and important REPUBLIC/ of TEXAS perpendicular on the lathe panel. A very impressive note whose condition detriments will only deter the less serious aspirants for this treasure. Noted by PCGS as "Severed and Backed; Missing UR Corner Tip; Stains," but still facing up well enough with its excellent pen accomplishment to be very charming. The town's history during that time is unclear. Today, it is referred to as Old Carolina, as that would fit the period in which it "Served as a refueling and rest station for vessels plying the Trinity River," as cited in the Handbook of Texas Online. The Rowe-Barr Collection at SMU; Bob Medlar (Texas Obsolete Notes and Scrip, 1968, SPMC), William A. "Bill" Bond (our January 2007 FUN Auction and the last major Texas Obsolete collection to come to market); and the Joseph D. Olson collections did not have this issuer nor had the owners heard of it. This trophy Texas Obsolete scrip note presents a great opportunity. Ex: Eric P. Newman Numismatic Education Society. Realized $4,465.00. Newman VI (Heritage Auctions, 4/2015), lot 19322. Description courtesy of Heritage Auctions.

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