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| 正面描述 | At left, an intaglio vignette of Ceres standing in classical drapery, holding a sheaf of grain aloft, with a classical building in the background. The centre of the note carries large letterpress denomination text '25 Cts.' and 'TWENTY-FIVE CENTS', over which a bold blue '25 Cts.' overprint is applied. A decorative floral cartouche at upper left bears the scroll legend 'By Authority of Law', while an ornate numeral '25' appears in a rococo panel at upper right, with the printer's imprint running vertically along the right border. |
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| 正面铭文 | By authority of law in scroll at top left. 25 in seal at top right. The State of North Carolina 25 Cts. Will pay to Bearer, at the Treasury on or before January 1st 1870 (Blue) 25 Cts Twenty-five cents. Raleigh Jany 1st 1864 On right border: J.T. Patterson & Co. Augusta GA. Receivable in payment of all Public dues. For Pub. Treas. |
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North Carolina's resort to fractional currency in 1864 reflected a Confederate-wide coin famine that had grown acute by mid-war. Small change had effectively vanished from circulation — hoarded, melted, or simply absent — leaving state governments to paper over the gap with their own low-denomination notes. North Carolina was among the more prolific issuers of such fractionals.
The J.T. Paterson & Co. imprint places production in Augusta, Georgia, a printing hub for Confederate and state government work after Union naval pressure made northern suppliers inaccessible years earlier. The overprint on this example distinguishes it within the CS#150 series — North Carolina applied overprints to control reissue batches or validate notes for specific purposes, though the precise administrative rationale varied by issue date.