The highest, and most desirable, denomination of Lodz Ghetto banknotes.
Type 1 numerator with a single underline in No.
The banknote bears a PMG certificate with a PMG 65 EPQ grade.
A beautifully preserved, natural piece, in our opinion still undervalued by the market.
In German-occupied countries during World War II, the Germans established ghettos intended for the Jewish population. These were segregated and fenced-off parts of cities where the Jewish population was forcibly relocated. Among the Jewish quarters created on Polish soil, the Lodz Ghetto deserves special attention. It was one of the few such places that had its own currency. Money for the Lodz ghetto was used only for internal circulation. Possession of other currency was punishable by death. It was a way of obtaining German currency and foreign currency from ghetto residents. The money was issued by the Ghetto Bank. These were banknotes with poor graphic design limited to a simple ornamental drawing. Its purpose for ghetto residents is evidenced by the two Stars of David placed on the obverse and the menorah incorporated on the reverse.
