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1000 Korona
| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1919 |
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| Shape | Rectangular |
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| Obverse description | Central vignette composed of five allegorical figures in a classical academic style: to the left, a standing female figure holds a chalice aloft alongside a male figure bearing a staff, with a seated bearded elder at centre, and to the right, a standing male figure gestures toward an older robed man. The large numeral '1000' appears in the upper right corner within a guilloche frame, with the central text block carrying the issuer name and denomination inscription dated Budapest, 1919. augusztus 15. Three signature lines for Főellenőr, Főfelügyelő, and Főpénztáros appear at the bottom. |
|---|---|
| Obverse lettering | A MAGYAR POSTATAKARÉKPÉNZTÁR BÁRKI KÍVÁNSÁGÁRA E PÉNZJEGYET EZER KORONA ÉRTÉKBEN ÁTVÁLTJA MÁS TÖRVÉNYES PÉNZNEMEKRE. BUDAPEST, 1919. AUGUSZTUS 15. MAGYAR POSTATAKARÉKPÉNZTÁR E PÉNZJEGY UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK |
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| Comments |
The Magyar Postatakarékpénztár was pressed into note-issuing duty in 1919 not by design but by crisis. Following the collapse of the Austro-Hungarian monarchy, Hungary found itself in a monetary vacuum — Austro-Hungarian banknotes were being stamped to assert national control, but supply couldn't keep pace with demand. The Postal Savings Bank, ordinarily a retail deposit institution, stepped in to fill the gap alongside the more conventional issuing authorities.
The 1000 Korona denomination was substantial for the period, but hyperinflationary pressures were already building. Within a few years the entire korona system would be swept away by the pengő reform, rendering these notes obsolete long before most wore out from handling.