Catalog
1 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 1 EGY KORONA EZ AZ ÁLLAMJEGY, A MELY MAGYARORSZÁG FÜGGŐ ADÓSSÁGÁNAK RÉSZE, A TÖRVÉNY HATÁROZATAIHOZ KÉPEST MINDENKI ÁLTAL, VALAMINT MINDEN KÖZPÉNZTÁR- NÁL FIZETÉSKÉP TELJES NÉVÉRTÉKBEN ELFOGADANDÓ. BUDAPEST, 1920. ÉVI JANUÁR HÓ 1.-ÉN. AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. (Translation: One Crown This treasury note, which is a part of Hungary`s pending debt, is to be accepted at full face value by payment by everyone and in every public fund, according to the decisions of the law. Budapest, January 1, 1920 Counterfeiting treasury notes is punishable by law) |
| Reverse description | Log in to see details |
| Reverse lettering | EGY KORONA (Translation: One Crown) |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Hungary's postwar monetary situation in 1920 was chaotic. The Austro-Hungarian krone had collapsed in value following the dissolution of the empire, and the new Hungarian state was issuing notes under emergency authority while the formal central banking structure remained unresolved. This 1 Korona was produced domestically — Budapest printing capacity was strained, and the small-denomination issues from this period often show inconsistent ink distribution and sheet registration as a result.
The Ministry of Finance acting as issuing authority, rather than a bank, reflects how improvised the arrangements were. A proper national bank, the Magyar Nemzeti Bank, would not be established until 1924.