1840 $20 Bank Note Republic of Texas XF/AU VERY RARE!! Signed by Mirabeau Lamar!! VERY RARE!! Start Price USD 525.00 Current Price USD 525.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Friday, August 08, 2008 End Time Friday, August 15, 2008 Location Goldthwaite, Texas See more about '1840 $20 Bank Note Republic of Texas XF/AU VERY RARE!!' Description SquareTrade © AP6.0 Christian Brothers Ltd Up for bid is a beautiful & Very Rare 1840 $20 Republic of Texas Bank Note in Extra Fine to About Uncirculated condition as pictured.  The note is protected in a flexible clear plastic currency slip.  The note is in excellant condition with super color, nice undamaged edges, no tears, no pinholes, just the normal "X" cancel showing the bill had been redeemed.  The bill was cancelled right of center and does not really show up on the scan.    I put the notes overall grade at Extra Fine to About Uncirculated.  The bill was hand signed by President Maribeau B. Lamar and the date and Treasurers signature are also hand written.  The note is numbered 1237A.  Republic of Texas currency has been red-hot for the past couple of years --  you simply cannot find it due to its scarcity and rapid appreciation in value.  Owners of these notes tend to part with them very infrequently!! This bank note is completely problem free as pictured and described.  Good luck bidding!!  SELLER ADDED 08/11/08:  LOTS OF LOOKERS!!  BUY-IT-NOW OR MAKE ME A LEGITIMATE OFFER!!  YOU MIGHT BE SURPRISED!! The following exerpt is from the New Handbook of Texas, copyrighted by the Texas State Historical Society, 1997, 1998, & 1999: In Mirabeau B. Lamar's up administration, a new type of paper money was issued by an act of January 19, 1839. It provided for promissory notes payable to bearer and without interest. Called at the time "red backs," they were in denominations of $5, $10, $20, $100, and $500, with change notes of $1, $2, and $3. The amount of the change notes was limited to $150,000, but there was no limit set on the red backs other than the amount of appropriations to be met. From January 1839 to September 1840, after which time no further new issues but only reissues were made, the net amount of original issues of the red backs was $2,780,361. A frequently quoted total is $3,552,800, but this figure includes $772,439 of notes redeemed by giving new notes for old. 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 1841-42 they had in some sections a market value of only two cents on the dollar. In the fall of 1840 the government began to pay out the notes at their market value, and in February 1842 they lost their legal tender power in the payment of taxes. After the collapse of the red backs, recognized even by the government in 1840, the people of Texas were in such sore straits for a currency that the prohibitory laws of 1837 were ignored, and state bank notes and shinplasters again came into extensive use. The mercantile firm of McKinney, Williams and Company, up of Galveston, was authorized in 1841 to issue $30,000 of its promissory notes as money. Best known of the bank notes circulated by a Texas firm were those of the defunct Northern Bank of Mississippi at Holly Springs. These were endorsed and reissued by R. and D. G. Mills (see MILLS, ROBERT) of Galveston and were called "Mills' Money." Counterfeits of state bank notes and notes of failed banks found their way into Texas and were, as Houston said in 1842, "no light evils." Buyer pays $10.00 shipping & handling cost. Insurance is now required as follows: for invoices under $50.00, delivery confirmation at 75 cents is required. For purchases over $50.00, insurance charges at the current USPS rates will be charged.  I accept payment by money order, cashiers check, or personal check. Checks are held until cleared by bank.  The only credit card I accept is American Express.  If you want to pay with this credit card, simply message me in ebay and request instructions.  I normally ship next day when paying by American Express.  I do not take paypal. I do have a return policy as follows:  WE ARE NOT RESPONSIBLE FOR LOST/DAMMAGED ITEMS THAT ARE NOT INSURED.  IF A CLAIM HAS TO BE FILED, KEEP ALL PACKAGING.  IT IS REQUIRED BY USPS.  WE WILL MAIL THE INSURANCE RECEIPT TO YOU AND YOU WILL BE RESPONSIBLE FOR FILING THE CLAIM.  WE ACCEPT RETURNS ONLY IF NOTIFIED THREE DAYS AFTER RECEIPT OF THE ITEM.  BUYER PAYS RETURN S&H PLUS INSURANCE PLUS A 10% RESTOCKING FEE.  COIN RETURNS MUST BE IN ORIGINAL SEALED CONDITION AND PACKAGING PLUS RECEIVED WITHIN 10 DAYS OF YOUR NOTICE THAT YOU ARE RETURNING THE ITEM. PAYMENT IS DUE WITHIN 10 DAYS OF THE CLOSE OF THE AUCTION! I reduce S&H by 50% on the second and subsequent auctions won. (x) Please click on my ME page button by my feedback score for updates about when I am unavailable for email (vacations or whatever) and for info concerning shipping, etc.  Please message me inside your ebay account whenever possible -- I seldom take the time to answer regular email due to the high daily volume of spam emails that I receive.  I much prefer the security of messages handled entirely within the ebay system.  Thanks!!  <Christian Brothers Ltd., PO Box 104, 1002 Fourth Street, Goldthwaite TX 76844 (325) 648-3760> WE ARE STRIVING TO BE THE NO. 1 EBAY SELLER OF HIGH QUALITY COINS AT THE BEST PRICES!!  WE WILL NEVER BE THE HIGHEST VOLUME DEALER, BUT WE WILL MAKE IT UP IN SERVICE TO OUR BIDDERS!! stwfl Powered by eBay Turbo Lister The free listing tool. List your items fast and easy and manage your active items. Place a Bid!