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Coin and Paper Money Collecting/Thw Republic of Texas & Government of Texas paper bills

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Expert: - 5/28/2011


Question
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I have a Government of Texas promissory note for $10.00 dated Nov 1 1838 and a Republic of Texas for $5.00 dated the same. Just wondering if they are worth anything...they are both in good shape.

Answer
Hi Kim:

Thanks for your question.

When asking a question, always provide as much information as possible. Things like the wording, signatures, numbers, and of course the condition go into trying to establish what you have as well as the value. I'm not familiar with Texas Currency, but from the limited description you gave, and the photos, I'd say you likely have well circulated replica notes. In any case, the notes should be looked at by a professional.

Some of the Republic bills are known as "redbacks" because of the red printing on the reverse and were printed by Rowdon, Wright, Hatch and Edson in New Orleans. They advertised their name on all the bills they printed. Does yours have their name on the side that is printed? (check the bottom right above the margin) You did not mention if the reverse of your notes are printed.

I found several sites with information on Texas Currency and dealers who sell this material. You may want to check them out.
Information: http://www.tsl.state.tx.us/treasures/republic/currency-01.html and http://www.texasbob.com/texdoc19.html
Dealers: http://www.crutchwilliams.com/RepublicOfTexas.htm and http://www.numismondo.com/pm/itx/

You may want to check eBay listings under US currency to see if your notes are listed and what they  are going for. If you live close to a local shop, they should offer an opinion as to the value and if they are authentic at no charge.  Always try and get at least two opinions and try and deal with PNG dealers if possible. Here's a link to find one in your area: http://www.pngdealers.com/dealersearch.php

Please remember to go to the experts site to rate this answer. Check the nomination box on the rating page below any comments you may have.

Thank You and Good Luck in your collecting.
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Ronald Fern

Expertise

I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.

Experience

Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributer to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency currently at my space in the Pomona Antique Center. Past "Errorscope" Editor. Presently CONECA Examiner.

Organizations
ANA, CONECA, CWTS, NLG

Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News

Education/Credentials
AA Degree LBCC pre Engineering, 1964 BS Degree CSULB Ind Technology, 1968

Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.

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