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Three-Dollar Change Note: Republic of Texas 1840

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  • Title: Three-Dollar Change Note
  • Author: Republic of Texas
  • Date: 1840
  • Medium: Original currency
  • Condition: Very Good - cut-cancelled, minimal paper loss in margins, surface dirt and toning
  • Inches: 7 1/8 x 3 1/8 [Paper]
  • Centimeters: 18.1 x 7.94 [Paper]
  • Product ID: 314023

Cut-cancelled three-dollar bill issued by the Republic of Texas in 1840 signed by Treasury Secretary James W. Simmons.

These notes were the smallest monetary issue of paper money by the Republic of Texas up to that time. Depending on the quantities of each denomination, only an estimated 5,000 notes circulated at any one time. The Treasurer was required to place an equal portion of the $150,000 previous issue in reserve in order to make them freely exchangeable for the larger denomination star notes. Similar to the jolas of a generation before, these small bills were produced for the sole purpose of making change from larger denominations.