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1 Dollar State of North Carolina
| Issuer | State of North Carolina |
|---|---|
| Year | 1862 |
| Type | Log in to see details |
| Value | 1 Dollar |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | At the left border, an ornate cartouche with a decorative banner and a guilloche-style numeral '1' enclosed within a circular wreath at the lower left. Central text panel carries the full treasury obligation legend in letterpress. At the upper right, a plain numeral '1' in matching typeface, and at the right margin, a vertical panel with a decorated rectangular frame bearing the denomination inscription 'ONE' and its receivability clause. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Reverse is blank, printed on plain unadorned paper. On heavily circulated or worn examples, faint impressions of the obverse design may show through the paper as a ghost image. |
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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.