1 Krone Theresienstadt Concentration Camp

The Theresienstadt ghetto scrip was ordered by the SS and issued under the name of "The Elder of the Jews" — Jacob Edelstein at the time of the design's approval, Benjamin Murmelstein by the time most notes circulated. The currency was a fiction from the start: prisoners could not spend it on anything of real value, and the internal "shops" it nominally served were themselves a prop, maintained largely for Red Cross inspection visits in 1944. The Nazis needed the currency to make Theresienstadt legible as a functioning Jewish town rather than what it was.

Production was handled by prisoners within the camp itself, which accounts for the relatively crude printing. The entire monetary system was coercive theater, and the scrip was worthless the moment the Reich collapsed.