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NC One-Dollar Note
Lithographic date "Sept. 1st, 1862."
Lithographic date "Sept. 1st, 1862."
| Today United States currency in the form of federal reserve notes is declared by our national government to be legal tender. This status requires citizens to use and accept these notes as payment for all debts, both public and private. This 1862 dollar and other issues during the Civil War were not assigned such legal-tender status by North Carolina's government. Like other Confederate currencies, North Carolina's paper money did not rely on legal force; instead, the state's money relied solely on the public's faith in their government and on public confidence in the South's war effort. Notice the inscription (right) "Receivable in Payment of all Public Dues" on this note. While the government would accept this money from citizens in payment of taxes and other official "dues," this currency's use for satisfying public debts and use in private financial transactions were not mandatory. |
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