Catalog
| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1919 |
| Type | Log in to see details |
| Value | 1000 Crowns (Koronás) |
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| Obverse description | Log in to see details |
|---|---|
| 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 |
| Reverse description | The reverse is entirely typographic and ornamental, centred on a large oval guilloche medallion bearing the numeral '1000' surrounded by the multilingual denomination inscription in German, Czech, and Ukrainian. The denomination 'EZER KORONA' and '1000' appear in each corner, and the overall design is framed by intricate geometric guilloche borders with repeating scroll patterns in the side panels. |
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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.