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Colonial Currency > Pennsylvania

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PA-176 5 Pounds April 10, 1775
Grade: PCGS XF 45    

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This red and black printed note is the famed workhouse note. The notes were issued in order to raise money to build jails and correctional institutions. Philadelphia's city jail, Walnut Street Workhouse, newly built to alleviate crowding at the existing city jail, is illustrated on the back. Fully margined examples from this issue are actually quite scarce as there is usually a very tight margin at the top or bottom. There was only a printing of 1,667 for this note which is why Newman pegs this at $350 in XF and $700 in UNC.

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