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3 Dollars State of North Carolina
| Issuer | State of North Carolina |
|---|---|
| Year | 1863 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 181 × 75 mm |
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| Obverse description | Central vignette presents two allegorical female figures in a pastoral landscape: Libertas (Liberty) stands at right, holding a staff, while Ops (Plenty) reclines at left, her left hand resting on a cornucopia. The denomination THREE DOLLARS is set in bold letterpress text across the lower centre, flanked by the words THREE vertically along the left border and THREE along the right border within a guilloche-patterned surround. Manuscript signatures appear at the lower left and lower right, with the issuing authority and redemption date inscribed in script above the denomination block. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Blank. |
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| Comments |
North Carolina financed a substantial portion of its Confederate-era operations through direct state emissions rather than relying solely on Confederate Treasury notes. This 1863 issue was part of an aggressive wartime borrowing program authorized by the General Assembly, with notes printed locally by Raleigh's John Spelman — one of the few Southern printers capable of sustaining output as Union blockades choked off access to Northern and European suppliers.
By 1863, depreciation was already severe. State notes circulated alongside Confederate currency in a crowded, confidence-starved market, and the $3 denomination was a deliberate attempt to reduce the need for fractional coinage, which had nearly vanished from circulation entirely.