Catalog
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| Issuer | State of North Carolina |
|---|---|
| Year | 1863 |
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| In circulation to | 1866 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Fundable in Six per cent Coupon bonds of the State after Jan. 1, 1866. THE STATE OF NORTH CAROLINA Will pay to bearer TEN DOLLARS Redeemable at the Treasury on or before the first day of January 1866 RALEIGH, JAN. 1866 Receivable in payment TEN of all public dues. ISSUED UNDER ACT RATIFIED 20ᵀᴴ DECEMBER 1862. Engd & lithd by J.T.Paterson & Co Augusta GA |
| Reverse description | Blank, unprinted. |
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| Comments |
J.T. Paterson & Co. operated out of Augusta, Georgia, one of the few Southern printing firms capable of producing multi-state Confederate currency work after Federal blockades cut off access to Northern engravers. North Carolina contracted with them for multiple denominations across several 1863 emissions as the state's own resources thinned under wartime pressure.
By mid-1863, North Carolina was issuing its own currency partly to manage a growing gap between Confederate Treasury notes and local commercial demand. State notes circulated alongside — and increasingly competed with — Richmond's own paper, which the public trusted less as the war deteriorated.
Criswell CS#122 places this among the later Paterson-printed North Carolina issues.