| Author |
 Replies: 14 / Views: 5,520 |
|
|
Pillar of the Community
Mexico
1304 Posts |
Ok, I tried finding the information the good ol fashon way and got nothing...so, back when Texas was it's own country I know they made their own money...but was it paper or coin? Any refrence material on that?
Thanks!
|
|
|
|
New Member
United States
28 Posts |
|
|
Pillar of the Community
Poland
3201 Posts |
|
|
New Member
United States
28 Posts |
My apologies. I didn't know linking to images wasn't allowed. Thank you, DL for the corrected link.
|
|
Pillar of the Community
United States
532 Posts |
Pretty sure they did both in the early 1800s. try looking for Republic of Texas and it should bring a wealth of info.
|
|
New Member
United States
28 Posts |
|
|
Pillar of the Community
United States
532 Posts |
Learned something new. No coins. But what about those little 1/8 or 1/10 silver coins you sometimes see bearing the Republic of Texas? Fantasy pieces maybe.
Thanks for the link.
|
|
Bedrock of the Community
United States
12437 Posts |
|
|
Pillar of the Community
 Mexico
1304 Posts |
Biokemist, that's great!! Just what I was wondering...there is legal tender coins struck for the Texas "area". (Though not when it was it's own country) With such an independent attitude in TX...I'm surprised someone hasn't suggested they secede from the union and make their own money now!  |
|
Moderator
 Australia
16817 Posts |
I don;t actively collect banknotes, but I do try to pick up one note from countries that never got around to issuing coins. Here's my Texas note:   Independent Texas was too poor to issue coinage; there was basically no bullion in the country. The government had no hard coin to back up it's note issues, and as a result, the Texas dollar suffered from serious inflation, though not quite as bad as the Confederate dollar some years later. By the time Texas joined the US and Texan dollars were redeemed and withdrawn, one Texas dollar was only worth 7 US cents. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Pillar of the Community
Mexico
1304 Posts |
Sap, that makes sense. Kind of makes you wonder what their long term plan was for the financing. What is the market value on a note like that?
|
|
Moderator
United States
16679 Posts |
|
|
Moderator
Australia
16817 Posts |
Quote:
Kind of makes you wonder what their long term plan was for the financing. I don't think "financial planning" was a priority - any more than it was a priority for the rebel colonists in 1776. If anything, I suppose they were hoping that once they owned all the land, they'd be able to explore and find precious metals or other valuable resources. Quote:
What is the market value on a note like that? I paid a couple hundred for this one from forum member TraderNick back in 2006. As with most surviving Texas notes, mine has been "cut-cancelled". When the notes were finally withdrawn, and as was common practice back then, the bank in New York that received most of them slashed them to cancel them before putting them in storage. Fortunately, though the knife hit his note of mine a total of five times (it has old tissue-tape repairs holding it together), it didn't actually cut any pieces completely off. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
|
|
Valued Member
United States
258 Posts |
All fiat (government mandated) money eventually gets to the point of being worthless.  Even the US dollar will get to the point of being worthless eventually. A dollar from 1913 is now worth 7 cents (approximately). We will see what it is worth in another 10 years or so.  Sincerely, John Leckrone |
|
Valued Member
United States
199 Posts |
Believe me,secession is alive and well in Texas right now...
Cheers,Brewzz
|
| |
Replies: 14 / Views: 5,520 |
|
Posted 12/14/2009 3:13 pm
