Republic of Texas Currency

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The Republic of Texas

Republic of Texas Currency

In the early days of Texas, a variety of currencies served as cash, including Spanish and Mexican money, bank notes from various U.S. states, and currency issued by private companies (call shinplasters). The Republic of Texas first issued paper money in 1837. This currency was called "star money" for the small star on the face of the bill. The star money was not face value currency, but rather interest-bearing notes (similar to a treasury bill) that circulated by being endorsed over to the next payee. In 1838, Texas issued change notes with elaborate designs on the front and blank backs.

The so-called Texas "redbacks" were issued in 1839. The government printed over two million dollars in redbacks, which were initially worth about 37 cents to a U.S. dollar.

Texas change note, 1838

 https://www.tsl.texas.gov/treasures/republic/currency-01.html

(See the other notes)