1 Dollar State of North Carolina

North Carolina issued this note under state authority rather than Confederate federal authority — a distinction that mattered during the war, as North Carolina's treasurer maintained tighter controls over emission volumes than Richmond ever managed. J. T. Paterson & Co. operated out of Augusta, Georgia, one of the few Southern printing houses with sufficient press capacity after blockades cut off access to Northern and British printers.

Paterson notes from this period are known for inconsistent ink saturation across the run, a byproduct of wartime supply shortages affecting both ink and roller composition. The Criswell CS#132 designation places this within the 1863 state emission series, by which point North Carolina had already begun struggling to maintain confidence in its own paper against accelerating Confederate inflation.