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25 Cents State of North Carolina
| Issuer | State of North Carolina |
|---|---|
| Year | 1862-1863 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse carries a vignette of an allegorical female figure to the left, holding a branch, rendered in the engraved style typical of Civil War-era Southern fractional currency. The central field displays the denomination figure '25' in large numerals, flanked by the state title and payment obligation text. The lower margin bears the imprint of the Augusta printer J.T. Paterson & Co., with the issue date and treasury authorization inscribed across the face. |
|---|---|
| Obverse lettering | STATE OF NORTH CAROLINA 25 CTS. Will pay to Bearer, at the Treasury on or before January 1st 1866 TWENTY-FIVE CENTS RALEIGH, JANY 1. 1863. FOR PUB. TREAS. RECEIVABLE IN PAYMENT OF ALL PUBLIC DUES J.T. PATERSON & Co, AUGUSTA Ga. |
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| Comments |
North Carolina turned to J.T. Paterson & Co. in Augusta because the blockade had severed access to Northern printers — Rawdon, Wright, Hatch & Edson among them — who had handled antebellum Southern state work. Paterson was one of a handful of Confederate-era firms that expanded rapidly to fill that vacuum, taking on government and state contracts across multiple seceding states simultaneously.
The fractional denomination reflects a specific problem: coin hoarding accelerated so quickly after secession that small-change transactions became genuinely difficult by mid-1862. State-issued fractional notes were a stopgap, not a financial strategy.