From time to time Texas Republic notes show up at the auction house. And from what I notice allot of them are punched or redeemed. One time a 50 dollar note was on the table and it was not redeemed. To me I kinda feel that it would be difficult for a note to not be redeemed especially considering how much 50 dollars was worth back then? In other words fake.
Is this a valid concern?
In addition are unredeemed notes worth more than redeemed ones?
Thank you in advance