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100 Korona

Issuer Hungarian State
Year 1920
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Composition Paper
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Obverse lettering SZÁZ KORONA
MAGYARORSZÁG
AZ OSZTRAK-MAGYAR BANKE BANKJEGYÉRT
KIRÁLYI KIVÁNSÁGÁRA BÁRKINAK FIZET
BÉCSI ÉS BUDAPESTI FŐPÉNZTÁRAINÁL
TÖRVÉNYES
BANKJEGYEK
OSZTRÁK
A BANKJEGYEK UTÁNZÁSA A
TÖRVÉNY SZERINT BÜNTETTETIK
(Translation: HUNDRED KORONA / HUNGARY / The Austro-Hungarian Bank pays to anyone at its Vienna and Budapest main offices / LEGAL / BANKNOTES / AUSTRIAN / Counterfeiting banknotes is punishable by law)
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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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