 State of North Carolina. Two Dollars. Raleigh. 'October 2, 1861'. Printed on the backs of Bank of the State of North Carolina $3.00 notes. Title in Gothic curved over the top, denomination in the center with dog and safe below. At the left, panel vignette of Hebe and eagle. Right panel, outlined 'TWO DOLLARS'. Imprint at the lower left of 'N.C. Inst. Deaf & Dumb, Print.'. Cr.23. Fully signed and issued. No.320.
An extremely rare and important State note issue. This is the first we have had the privilege to catalogue and is likely one of less than eight or so known. They rarely appear at public auction sale and the majority are in well held collections. This note has a wonderful pedigree that goes back to a 1958 James, Inc. mail bid sale (tag included) where it was purchased for $160.00 by Grover Criswell, Jr. That sum is fantastic when compared to what some coins would bring at the same time and probably was the record by far for any State note issue. It certainly deserved such status and the note is worthy of equal or superior attention in this day and age.
Certainly near the top of the condition census for this type. The note is fully intact and very attractive. Technically, Fine to Very Fine with softness from many folds. However, the note is very clean and bright for the grade. The back is sharp with pencil notations concealed in the note engraving of the reused notes that this note was printed on. An exceptional note and important opportunity.
Ex Grover C. Criswell, May 10, 1958; W.H. Kelly Collection (James, Inc. Mail Bid Sale, March 20, 1958, lot 3228).
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