Don’t miss your chance to own North Carolina notes from the special purchase of an old-time group – all in Crisp Unused condition! In the South during the Civil War, U.S. coins were hoarded and “real” money was in short supply, so both the states themselves and the Confederate government began issuing paper money. Backed by bond sales or pledges that they were redeemable for goods or services, these notes could be used for anything from taxes and dues to public land purchases.
Each note was issued for North Carolina – a state that was originally divided on the idea of secession, but one that voted to secede in May of 1861. Through a total of 14 acts by the state’s General Assembly, an estimated $7.8 million in North Carolina Treasury Notes (like these issues from Raleigh) was issued between 1861 and 1865. The detailed design on this ornate note depicts a central vignette featuring Governor Zebulon Vance surrounded by battle flags and arms. A hornet’s nest is at right.
- Year: 1863
- Product Type: Single Products
- Denomination: $20