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    Raleigh, NC- State of North Carolina 5¢ Aug. 4, 1824 Cr. 018 PMG Very Good 8.
    Authorized by the state legislature under the terms of the Act of 1823, Chapter 7, $100,000 in these notes was paid out to various third parties with the proceeds earmarked for the purchase of stock in the State Bank of North Carolina, the Bank of Cape Fear, and the Bank of Newbern between 1824 and 1826. The 5¢ note, printed by Fairman, Draper, Underwood & Co., features a vignette of a horse flanked by two dies containing 5s. Shull estimated a surviving population of 2-4 notes in 2004, and this is only the second example of this design that we have handled in recent memory. PMG notes a minor repair on this intact rarity.

    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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