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1 Dollar State of North Carolina
| Issuer | State of North Carolina |
|---|---|
| Year | 1862 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | At left: 'By Authority of the Law' Center: THE STATE OF NORTH CAROLINA Will pay to Bearer One Dollar at the Treasury on or before 1st. Jany 1866 ONE DOLLAR Raleigh Sept 1'' 1862 (Signature) For Pub. Treasr. At right: ONE Receivable in Payment of all Public Dues ONE |
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| Reverse lettering | Log in to see details |
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| Protection type | Watermark |
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| Comments |
North Carolina was among the most prolific issuers of state-level paper currency during the Civil War, printing heavily from 1861 onward to fund militia, infrastructure, and supply procurement as federal Confederate notes remained scarce and unevenly distributed. By 1862 the state treasury was issuing in denominations as low as one dollar specifically to address the collapse of small-coin circulation — hoarding had stripped everyday commerce of functioning change.
The watermark security was a holdover from antebellum banking practice, increasingly irrelevant given that counterfeiting of state issues was rampant and detection nearly impossible under wartime conditions.