PMG Very Fine 20 Net - Piece Missing - CR-H11 Medlar 45 - Feb. 2, 1838 Serial # 770 - The Republic of Texas "STAR" notes were the first formal currency that the Republic issued. Only $514,510 was issued in all denominations in late 1837 and into early 1838. The $100 Republic of Texas "STAR" note had a printing of only 2200. Medlar rated the $100 as a Rarity 4 - with a 25-50 surviving population in his 1968 book "Texas Obsolete Notes And Scrip". In the Hugh Shull book "Southern States Currency" 2007 he rates the $100 as a RARITY 9 - with a 16-50 surviving population. The CR-H11 variety has the title in error "SEC. OF TRRASY" and the rosettes in border are oval petals rather than round petals. A very scarce and seldom seen variety! PLUS this note has not been cut cancelled or ink cancelled like most. This example is missing a piece at lower left center edge partially into the Henry Smith signature. The secretarial signature of "Sam Houston" as president of Texas is clean and sharp. The first issue star notes are seldom available and very popular with Republic of Texas collectors. The last $100 example I find that Heritage sold in Nov. 2017 Lot # 28223 went for $4560. It was a CR-H9A PCGS EF 40 with Tape Repaired edge splits, Tears and cancellation cuts. Shull RARITY 8.