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Currency of the Republic of Texas 1840?

Civil War Gifts. Robert E. Lee Portrait.The Texas dollarinformally named the "Texas redback," was the paper money of the Republic of Texas. Lamar to minimize national debt during his Presidency of the Republic of Texas. Inflationdue mainly to overprinting, devalued the notes substantially, making 15 redbacks equal to one United States dollar. Many of the notes appear as orange-colored because of the quality of the ink.

Republic of Texas Notes

Bythe government of the Republic of Texas would not accept the bills for payment of taxes. The currency regained some value before Texas was annexed by the United States. However, Texans used bank notes from other states and shinplasters instead of the Texas money. With this money, Texas paid off all its debts, including the redemption of all redbacks. The redbacks and change notes were redeemed and cut-cancelled.

The notes were cut-cancelled to keep them from going out the back door and coming back in the front door to be redeemed again. These notes are highly sought after by collectors. A few notes were never redeemed or cut-cancelled; those notes are valued more highly.

Two early Republic of Texas heroes are found on redbacks. Both had died prior to the issuance of the notes.

However, not all redbacks are authentic. The original notes were hand-signed in brown ink while the reproductions all are usually in black ink. A new series of currency called exchequer bills was issued in These were similar once again to treasury bills and little use was made of them by the general public.

The Republic of Texas had little in the way of silver and gold and never minted any coins. From Wikipedia, the free encyclopedia. Texas dollar The Front of the fifty dollar note of the Republic of Texas. This infobox shows the latest status before this currency was rendered obsolete.

Money portal Numismatics portal.I just found a 5 dollar bill from the republic of Texas. If you have original note, the value is from a couple hundreds of dollars to a thousand depending on it condition. I found sa me thing mine on the back for baker In blue Can you tell me something about it. It would be easier if you can attach close up photos of your particular Republic of Texas bill both sides please. Meaning reverse and obverse.

I suggest that you post under the last thread where Simpson replied to. He is our coin and currency expert.

Do post links to this so that he will know what you are referring to. Can't see where you can see water damage. The reflection? They are old and according to PMG real. My question to you is what would they be worth?

I would like to clarify the serial numbers. Can you read it for me? Does it have the words COPY anywhere? Does it have a black overprint? There are a lot of these that are not genuine and replicas. Even if at times there is no word COPY on it, there are certain serial numbers that will reveal if its genuine or a well-known replica like including, I do t see the word copy anywhere. The front is fairly dark.

Thanks for getting back to me! A rtifact C ollectors. Republic of Texas five Marra M.I say rare but they aren't rare numerically rather, the demand always exceeds supply so they are highly sought after. They are available but you will have to pay for one.

A plate date of means that the bank received it's national bank charter in that year. Hit F5 to refresh the page and see different images. Send me your questions:. Send me your questions or comments. National Bank of Birmingham. Gainesville National Bank, Gainesville. First National Bank of Mobile. First National Bank of Tuskaloosa. Merchants National Bank of Little Rock. First National Bank of Central City.

City National Bank of Denver. Colorado National Bank of Denver. First National Bank of Denver. First National Bank of Pueblo. Peoples National Bank of Pueblo.

Ansonia National Bank, Ansonia. Birmingham National Bank, Birmingham. Bridgeport National Bank. City National Bank of Bridgeport.

Republic of Texas Currency, Feb. 26, 1839

Connecticut National Bank of Bridgeport. First National Bank of Bridgeport. Pequonnock National Bank of Bridgeport. Windham County National Bank of Brooklyn. Clinton National Bank, Clinton. Danbury National Bank.

republic of texas 2 dollar bill

National Pahquioque Bank of Danbury. Charter Oak National Bank of Hartford. City National Bank of Hartford. Farmers and Mechanics National Bank of Hartford. First National Bank of Hartford. Hartford National Bank, Hartford. National Exchange Bank of Hartford. Phoenix National Bank of Hartford. First National Bank of Litchfield. Home National Bank of Meriden. Meriden National Bank, Meriden.If we can't tunnel through the Earth, how do we know what's at its center? All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.

Hottest Questions. Previously Viewed.

I just found a 5 dollar bill from the republic of Texas .bill number 1349 ....

Unanswered Questions. Coins and Paper Money. What is the value of Republic of Texas 3 dollar bill? Wiki User So it is a fake and is worthless. Whoever answered this was wrong.

The republic of Texas did print a 3 dollar bill. The problem is that it's been so widely counterfeited that it's difficult to put a value on the real ones that do exist. There are replicas of this bill in existence, so it is important to have the item authenticated. Asked in Coins and Paper Money What is the value of a three dollar bill? Actually, it depends on how old that three dollar bill is.

The Republic of Texas printed a three dollar bill in the 's. Get it authenticated! It is a replica so pretty much worthless. It's almost certainly a replica that was sold in a gift or souvenir shop. Yes, there are pictures. Asked in Coins and Paper Money What is a republic of Texas 5 dollar bill with nothing on the back serial number from worth? How much is a 5 dollar bill be Werth if its made in Asked in Coins and Paper Money What is the value of a four dollar bill? Asked in World Banknotes What is the value of a Chinese 10 dollar bill?

Asked in US Banknotes What is the value of a five dollar bill dated ? Absolutely nothing because it came from a cereal box. What is the value of Canadian four dollar bill and Canadian two dollar bill.T o Texans of the period of the republic money meant coins and notes.

The media of exchange did not include bank demand deposits, for neither an incorporated nor a private bank operated in Texas during the entire period of the republic.

republic of texas 2 dollar bill

Imports exceeded exports, and the adverse trade balance drained out gold, silver, and other money that was acceptable abroad. Claims against outsiders such as exports, loans, or donations were converted into merchandise imports, because goods for personal, productive, and defense uses were more needed than gold or silver. Another factor of importance in an explanation of the money and credit trials of the republic was that business and financial conditions in the United States largely determined what those conditions would be in Texas.

In the United States the bank panic of brought a period of business depression that lasted from untilor a period practically coterminous with the life of the republic.

The Constitution of the Republic of Texas gave Congress the "power to coin money, regulate the value thereof and of foreign coins" and provided that "nothing but gold and silver coins shall be made a lawful tender. Metallic money was scarce in the United States at that time, and it was even more scarce in Texas. The notes of state-chartered banks constituted in all the states the principal money, and those of Alabama, Georgia, Louisiana, Mississippi, and Tennessee were the most commonly found in Texas.

Up to the time of the issue of the promissory notes of the republic in the fall ofthere were in use as money not only the notes of the state banks but also "shinplasters," a name popularly given to notes issued in Texas by private firms and municipal corporations, in denominations usually of less than one dollar.

In Congress prohibited the use of bank notes in payment of import duties or of any dues of the republic, and it also forbade the use or putting into circulation by any person of any promissory note intended to circulate as money. These restrictions had as their purpose the elimination of state bank and individual notes from competition with notes of the republic.

The currency that was unstinted in amount and most generally used was that issued by the republic itself. President Sam Houston up said the issue was necessary in order "to avoid the absolute dissolution of the Government. The name of the payee was written in on the face of the note, and the note was passed by endorsement.

These printed notes were generally called "Star Money" because of a small five-pointed star in the center of the upper part of the face of the note.

Change notes were redeemable in notes of larger denominations. The printed series of interest notes was followed in January by an engraved series. Houston believed that the notes should not be issued to "a greater amount than would meet the actual necessities of a circulating medium.

Their interest-bearing feature caused them to have an investment character and accounted for their readier acceptance in the states. The engraved interest notes, however, depreciated; their value in specie per dollar dropped from sixty-five cents in May to forty cents in January In Mirabeau B. Lamar's up administration, a new type of paper money was issued by an act of January 19, It provided for promissory notes payable to bearer and without interest.

Overissue of the government notes had already gone so far that when the red backs first made their appearance, they were valued at only thirty-seven and one-half cents in specie. They continued to sink in value until in the winter of they had in some sections a market value of only two cents on the dollar. In the fall of the government began to pay out the notes at their market value, and in February they lost their legal tender power in the payment of taxes.

After the collapse of the red backs, recognized even by the government inthe people of Texas were in such sore straits for a currency that the prohibitory laws of were ignored, and state bank notes and shinplasters again came into extensive use.

Best known of the bank notes circulated by a Texas firm were those of the defunct Northern Bank of Mississippi at Holly Springs.

republic of texas 2 dollar bill

These were endorsed and reissued by R. Congress by an act of January 19,provided for the issue of "exchequer bills. The exchequer bills were payable to a designated payee or to order.

republic of texas 2 dollar bill

The first issues were printed, but the later ones were engraved. By the summer of they had sunk to as low as twenty-five cents on the dollar. There was virtually no use made of them by the public except for payment of taxes. In July they were made receivable for taxes and postage at their market value. Improving economic conditions, the economical administration of the government, and the annexation up movement led to a gradual rise in the value of the bills in andand by they had reached par in many parts of the republic.

The year saw the end of the state of monetary disorder. Specie was in such sufficiency by that time that it was possible to repeal the law that authorized the issue of the exchequer bills.Get this week's most popular Handbook of Texas articles delivered straight to your inbox Sign me up! While our physical offices are closed until at least April 13 due Austin's COVID "shelter-in-place" order, the Handbook of Texas will remain available at no-cost for you, your fellow history enthusiasts, and all Texas students currently mandated to study from home.

To Texans of the period of the republic money meant coins and notes. The media of exchange did not include bank demand deposits, for neither an incorporated nor a private bank operated in Texas during the entire period of the republic. Imports exceeded exports, and the adverse trade balance drained out gold, silver, and other money that was acceptable abroad. Claims against outsiders such as exports, loans, or donations were converted into merchandise imports, because goods for personal, productive, and defense uses were more needed than gold or silver.

Another factor of importance in an explanation of the money and credit trials of the republic was that business and financial conditions in the United States largely determined what those conditions would be in Texas.

In the United States the bank panic of brought a period of business depression that lasted from untilor a period practically coterminous with the life of the republic.

The Constitution of the Republic of Texas gave Congress the "power to coin money, regulate the value thereof and of foreign coins" and provided that "nothing but gold and silver coins shall be made a lawful tender. Metallic money was scarce in the United States at that time, and it was even more scarce in Texas.

The notes of state-chartered banks constituted in all the states the principal money, and those of Alabama, Georgia, Louisiana, Mississippi, and Tennessee were the most commonly found in Texas.

Up to the time of the issue of the promissory notes of the republic in the fall ofthere were in use as money not only the notes of the state banks but also "shinplasters," a name popularly given to notes issued in Texas by private firms and municipal corporations, in denominations usually of less than one dollar.

In Congress prohibited the use of bank notes in payment of import duties or of any dues of the republic, and it also forbade the use or putting into circulation by any person of any promissory note intended to circulate as money.

These restrictions had as their purpose the elimination of state bank and individual notes from competition with notes of the republic. The currency that was unstinted in amount and most generally used was that issued by the republic itself. President Sam Houston said the issue was necessary in order "to avoid the absolute dissolution of the Government.

The name of the payee was written in on the face of the note, and the note was passed by endorsement. These printed notes were generally called "Star Money" because of a small five-pointed star in the center of the upper part of the face of the note.

Change notes were redeemable in notes of larger denominations. The printed series of interest notes was followed in January by an engraved series. Houston believed that the notes should not be issued to "a greater amount than would meet the actual necessities of a circulating medium. Their interest-bearing feature caused them to have an investment character and accounted for their readier acceptance in the states.


Republic of texas 2 dollar bill

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