||Houston, TX - Government of Texas $5 April 1, 1838 Cr. H16 Olson 545 Medlar 59. PCGS Extremely Fine 45 Apparent. A second denomination from this series of Government of Texas interest bearing notes emitted from Texas. Another well engraved note by Draper, Toppan, Longacre & Co. At top center is a Plains Indian hunter closing in on a bison. At the left is tall statue of Faith. The secretarial signature of Sam Houston is at lower right. Like the others, Cross-Cut Cancelled and noted as having "Hinge Repaired Cancellations," which were performed lightly and neatly. This type becomes quite rare above Very Fine, and is thus a four-figure note. At the January 2015 FUN show sale, we sold a finer PCGS Extremely Fine 58 Apparent at $2,820 (Lot 18841). This is always a popular series of notes, and this example has the eye appeal of higher grade. Ex: Eric P. Newman Numismatic Education Society.
Realized $1,527.50. Newman VI (Heritage Auctions, 4/2015), lot 19338. Description courtesy of Heritage Auctions.