||Houston, TX - Republic of Texas $3 March 10, 1838 Cr. H27 Olson 515 Medlar 53. PCGS Very Fine 30 Apparent. A second denomination from the "Medallion" series and very attractive. This engraved type shows only one imprint: Childs, Clark & Co, New Orleans. A choice example with excellent paper body, with old back hinges that protect the cut-cancels from tearing. At the top center is a small vignette of a river god spilling water while a ship sails in the far distance. At the left is a perpendicular oval die with steamboat. Jefferson is at the far right. On the back is a penned endorsement showing to the face. Listed also as Rarity-9 in the Shull-Criswell Southern States book. For this type and series, barely "Apparent." "Cross-Cut Cancelled," and noted with "Hinge Repaired Cancellations." A very attractive note and, unlike many, not fettered by ill-advised repairs. We recently auctioned a PCGS Fine 12 example at the 2015 FUN Sale, Lot 18837, realizing $5,052.50. This is ample evidence of strong activity in the collection of Texas notes. The Newman note has strong paper body and is generally well margined. This is another excellent type note and a nice representative of the "Medallion." Ex: Eric P. Newman Numismatic Education Society.
Realized $4,230.00. Newman VI (Heritage Auctions, 4/2015), lot 19341. Description courtesy of Heritage Auctions.