Catalog
10 000 Korona
| Issuer | Hungarian Post Office Savings Bank (Magyar Postatakarékpénztár) |
|---|---|
| Year | 1920 |
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| Currency | Crown (1919-1926) |
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| Obverse description | The obverse of the Austro-Hungarian Bank 10,000 Korona note (Austria P-25) overprinted with a circular red handstamp reading MAGYARORSZÁG for Hungarian state validation. The central area carries the large denomination legend TIZEZER KORONA in bold letterpress, flanked by the Hungarian coat of arms vignette at left and an oval portrait of a young woman with a floral headdress at right, all set against a fine guilloche underprint in violet tones. Two manuscript signatures of Osztrák-Magyar Bank officials appear in the lower centre, with the issue date 2. november 1918 printed below. |
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| Obverse lettering | TIZEZER KORONA AZ OSZTRÁK-MAGYAR BANK E BANKJEGYÉRT BÁRKI KÍVÁNSÁGÁRA A BÉCSI FŐINTÉZETNÉL ÉS BUDAPESTI FŐINTÉZETEINÉL MAGYAR BANK MAGYARORSZÁG (Translation: TEN THOUSAND CROWNS / THE AUSTRO-HUNGARIAN BANK WILL PAY THE BEARER OF THIS BANKNOTE ON DEMAND AT ITS HEAD OFFICES IN VIENNA AND BUDAPEST / HUNGARIAN BANK / HUNGARY) |
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| Comments |
The Magyar Postatakarékpénztár stepped into banknote issuance by necessity, not design. Following the collapse of the Austro-Hungarian monarchy, Hungary found itself without a functioning central bank, and the Post Office Savings Bank became one of several institutions pressed into filling that void. The 10,000 Korona denomination reflects the inflationary pressure already building by 1920 — a face value unthinkable in peacetime Habsburg finance just years earlier.
P#32 belongs to a transitional period before the Hungarian National Bank was established in 1924, after which the korona itself was abandoned entirely in favor of the pengő.