||Houston, TX - Republic of Texas $10 December 15, 1837 Cr. H3A Olson 449 Medlar 30. PCGS Very Fine 25 Apparent. This is from the first series of Republic of Texas notes authorized by the Texas Congress Act of June 9, 1837. Notes were payable twelve months from issue date and yielded 10% interest per their obligation. Henry Smith, Secretary Treasurer at that time, served as the first Governor of the Provisional Government of Texas in 1835. He lost the election for the first presidency of the Republic of Texas to Sam Houston, but actually garnered more votes than Stephen F. Austin. This has a secretarial signature of Sam Houston (notice the similarities of William G. Cooke's signature on the back, as he was designated the signer for Houston). There is no imprint for this series and type. At the top center, a five-pointed Texas Star is flanked by counters in cartouches wide to the side. Ornamental pattern ends and top engraving add to the appeal. This is Cross Cut Cancelled (CCC), as most often seen. A scarce type from a historically interesting series. There are several paper and printing variants known. PCGS notes some imperfections, "Edge Splits and Tears; Missing UL Corner Tip; Tape Repaired Cancellations; Stains. An attractive "White Star" note with excellent overall paper body. Ex: Eric P. Newman Numismatic Education Society.
Realized $4,700.00. Newman VI (Heritage Auctions, 4/2015), lot 19335. Description courtesy of Heritage Auctions.