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50 Cents State of North Carolina
| Issuer | State of North Carolina Treasury |
|---|---|
| Year | 1862 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Yes |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | STATE OF NORTH CAROLINA 50 CENTS Will pay to Bearer, at the Treasury on or before January 1st 1866 FIFTY CENTS RALEIGH, Sep. 1st 1862. For Pub. Treas. RECEIVABLE IN PAYMENT OF ALL PUBLIC DUES J.T. PATERSON & Co, AUGUSTA Ga. |
| Reverse description | Blank, unprinted reverse. |
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| Comments |
North Carolina turned to J.T. Paterson & Co. in Augusta because by mid-1862 the state's usual printing options had been severely disrupted. Northern engravers were obviously unavailable, and the few capable Southern firms were already overwhelmed with Confederate government work. Paterson was a practical choice, not an inspired one.
Small-denomination fractional notes like this one circulated hard and fast — coin had vanished almost entirely from everyday commerce by the second year of the war, hoarded by a public that had no faith paper would hold its value. Survival rates for heavily handled 50-cent issues are correspondingly poor.