Catalog
2 Pengő Provisional issue
| Issuer | Magyar Királyi Pénzügyminisztérium (Hungarian Royal Ministry of Finance) |
|---|---|
| Year | 1925 |
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| Engraver(s) | Traugott Willi |
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| Obverse description | The face of the underlying 25,000 Korona note (P#78) printed by Orell Füssli, Zurich, retains its original design centred on an intaglio vignette of a crowned medieval king in profile at right, framed by intricate guilloche borders with denomination numerals '25000' repeated at each corner. A rectangular overprint in letterpress reads 'KÉT PENGŐ' across the upper centre, converting the note's stated value, while the original Hungarian text block and dated Budapest 1923 inscription remain visible below. The serial number prefix and series letter appear in the upper left, with the minister's facsimile signature at lower centre. |
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| Obverse lettering | 25000 PENGŐ KÉT PENGŐ HUSZONÖTEZER KORONA EZ AZ ÁLLAMJEGY A MELY MAGYARORSZÁG FÜGGŐ ADÓSSÁGÁNAK TÖRLESZTÉSÉRE HATÁROZATAHOZ KÉPEST MINDENKI ÁLTAL VALAMINT MINDEN KÖZPÉNZTÁRNÁL FIZETÉSKÉPTELJES NÉVÉRTÉKBEN ELFOGADANDÓ BUDAPEST 1923. ÉVI JULIUS HÓ 1-ÉN KÉT PENGŐ PÉNZÜGYMINISTER AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK T. WILLI ORELL FUSSLI ZURICH |
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| Comments |
Hungary's post-WWI hyperinflation had rendered the korona essentially worthless by 1924, prompting the League of Nations-supervised stabilization that introduced the pengő as the new monetary unit. This provisional 2 pengő was issued as a bridging instrument before the permanent series could be completed — Orell Füssli in Zurich handling the contract, with engraving credited to Traugott Willi, a staff engraver whose work appeared across several Central European stabilization-era commissions.
The provisional designation is key: these notes were intended for short-term use only, and relatively few survived official withdrawal.