A 50 mark 1940 Lodz Ghetto banknote - no series designation, numbered in 6 digits in orange.
A rare highest denomination banknote of this issue, and in bank condition like the one in the auction - extremely rare.
A very attractive piece, confirmed by a high PMG grading note, plus an EPQ annotation attesting to the exceptional quality of the paper.
Literature : Miłczak L7b