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50 Cents State of North Carolina

Uitgever State of North Carolina Treasury
Jaar 1862
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In omloop tot Yes
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Opschrift voorzijde 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.
Beschrijving keerzijde Blank, unprinted reverse.
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Opmerkingen

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.

MISSCHIEN OOK INTERESSANT