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5 Cents State of North Carolina
| Issuer | State of North Carolina |
|---|---|
| Year | 1863 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette of two allegorical female figures: one seated and holding a liberty pole topped with a Phrygian cap, the other standing and holding stalks of grain, set against a maritime background with a sailing vessel on the water. The denomination and serial number appear below the vignette, with the full statutory text and issuer inscriptions arranged around the note in letterpress. |
|---|---|
| Obverse lettering | RALEIGH, JANʸ 1, 1863 STATE ᴼᶠ NORTH CAROLINA Will pay to Bearer at the Trea-sury on or before January 1ˢᵗ, 1866 FIVE CENTS. BY AUTHORITY OF LAW. FOR PUB. TREAS. FIVE CENTS RECEIVABLE PAYMENT OF ALL PUBLIC DUES J.T. PATERSON & Co, AUGUSTA Ga. |
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| Comments |
North Carolina was unusual among Confederate states in issuing its own fractional currency rather than relying solely on Richmond. By 1863 the Confederate small-change shortage had become acute — hoarding of coins was near-total — and state governments stepped in to fill the gap. J.T. Paterson & Co. operated out of Augusta throughout the war, supplying multiple Southern states when Northern suppliers were no longer an option.
These small-denomination state issues circulated hard and wore out fast. Survivors in any decent condition are less common than the catalogue numbers suggest.