1775 Colonial Pennsylvania note

Mike K. writes: I have a 40 shilling bill of credit issued in Pennsylvania on 07/20/1775. I am trying to find out how many were printed, if there is anything unique about this issue, and approximate value. Thanks in advance for your help.

This is a late Colonial Pennsylvania issue. This note was a the second issue for the “Jail and Correctional Institution Construction”. Original notes are printed in black on paper with mica flakes and blue fibers. They were printed with plate letter “A” (Pensilvania) or “B” (Pensylvania) by Hall and Sellers. The number printed is unknown.

These notes are frequently found in the colonial paper money market and sell between $25 and $100+ depending on grade (condition).