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100 Korona

Issuer Hungarian State
Year 1920
Type Standard circulation banknote
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Obverse description The obverse reproduces the Austro-Hungarian Bank 100 Korona note (Austria P-12), overstruck with a large circular red handstamp reading MAGYARORSZÁG, applied as a provisional validation mark following Hungarian separation. The left field carries the Hungarian coat of arms vignette alongside printed serial numbers in red, while the right field presents an oval portrait of a young woman in an Art Nouveau style with elaborate guilloche borders. The denomination 100 appears in the upper corners and in a decorative panel at lower right.
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Reverse lettering HUNDERT KRONEN
OESTERREICHISCH-UNGARISCHE BANK
WIEN, 2. JÄNNER 1912
STO KORUN · STO КОРОН · STO KRON
STOWRUNA · OAP KOPOPA · СТО УРОРА
CENTO CORONE · UNA SUTA COROANE
DIE NACHMACHUNG DER BANKNOTEN WIRD GESETZLICH BESTRAFT
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Comments

Hungary's postwar currency situation in 1920 was chaotic by any measure. The Austro-Hungarian Krone had collapsed alongside the empire, and the new Hungarian state was issuing its own korona notes under severe economic strain — this 100 Korona being one of several denominations produced during that transitional period before hyperinflation made such values essentially worthless within a few years.

Josef Pfeiffer was a Viennese designer, and his involvement here reflects how deeply intertwined Hungarian and Austrian printing infrastructure remained even after the political separation of 1918.

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