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1 Pengő *
| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Reference(s) | P#114 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EGY PENGŐ BUDAPEST, 1938 ÉVI JANUÁR HÓ 15-ÉN MAGYAR NEMZETI BANK (Translation: One Pengo Budapest, 15th of January, 1938 Hungarian National Bank) |
| Reverse description | The central field carries the bold inscription EGY PENGŐ above an ornate stylised crown motif within a guilloche surround. At left, a circular monogram medallion bearing the interlaced letters MNB is enclosed within a fine engine-turned border, while the numeral 1 appears in a large outlined panel at right. Multilingual value inscriptions run vertically along the outer border. |
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| Comments |
The 1938 1 Pengő was issued just as Hungary's economic position was deteriorating under the weight of rearmament spending and the territorial ambitions encouraged by the First and Second Vienna Awards. The Pengő itself had been a stable currency since 1927, pegged during the interwar period with League of Nations backing after the catastrophic inflation of the Korona years — but by the late 1930s that stability was increasingly notional.
The asterisk variant designation in dealer and catalog usage typically signals a specimen or replacement note within this Pick series, though documentation on the precise print run distinctions for P#114 remains inconsistent across major references. Franke Rupert's involvement places this firmly within the Hungarian domestic design tradition of the period.