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10 Dollars 'Redback'
| Issuer | Republic of Texas Treasury Department |
|---|---|
| Year | 1839-1841 |
| Type | Standard circulation banknote |
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| Obverse description | At left, a vignette of Hercules seated and facing left, holding a staff; at right, a vignette of the sailing ship Austin under full sail on open water. Two numeral '10' medallions flank a central allegorical female portrait vignette in the upper portion of the note, with large 'X' counters at lower left and right. The bold central legend reads 'THE REPUBLIC OF TEXAS' above 'TEN DOLLARS', with manuscript signatures of the Secretary and President of the Treasury below. |
|---|---|
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| Reverse lettering | TEXAS |
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| Comments |
The Republic of Texas issued multiple denominations of treasury notes during its brief independent existence, and the "Redback" series — named for the distinctive red ink used on the reverse — was the second major paper currency the republic produced. By the time these notes entered circulation, the Texas economy was already struggling badly: the earlier "Redback" issues had depreciated sharply against specie, and public confidence in government paper was thin. At one point the notes traded at a fraction of face value against hard coin.
Austin was designated as the place of payment, though the notes were printed in the United States. The republic's chronic insolvency meant redemption was perpetually deferred, effectively making these instruments long-term obligations that most holders never saw honored in full before annexation by the United States in 1846 rendered them void.