Catalog
10 Dollars
| Issuer | Independent Hungarian Government - National Treasury |
|---|---|
| Year | 1852 |
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| Reference(s) | P#138A |
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|---|---|
| Obverse lettering | HUNGARIAN FUND On demand, one year after the establishment in fact of the INDEPENDENT HUNGARIAN GOVERNMENT, the holder hereof shall be entitled to TEN DOLLARS payable at the National Treasury or at either of its agencies at London or New York, or to exchange the same in sums of Fifty Dollars or over for certificates bearing five per Cent interest payable in two equal annual installments from one year after said event. Dated at New York, 2nd February 1852 |
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| Reverse lettering | HUNGARIAN FUND |
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| Comments |
Kossuth's exile issue. After the failed 1848–49 revolution, Lajos Kossuth traveled to the United States and arranged the printing of these notes in New York — not as a functioning currency, but as a fundraising and propaganda instrument intended to finance a future insurrection against Habsburg rule. The "Independent Hungarian Government" had no territory, no treasury, and no legal standing at the time of printing.
Danforth, Bald & Co. were among the most reputable security printers in antebellum America, which lent the notes a convincing institutional appearance. The U.S. government ultimately warned that issuing such instruments might violate neutrality laws, and the scheme collapsed before the notes ever circulated in Hungary.