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20 Fillér - Miklós Horthy
| Issuer | Hungarian Royal Mint |
|---|---|
| Year | 1926-1940 |
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| Composition | Copper-nickel |
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| Reverse description | The large numeral '20' dominates the centre of the field in bold relief, flanked on either side by symmetrical decorative foliate scrollwork. The denomination legend FILLÉR curves along the lower periphery in raised Latin letters, while the mint mark 'BP.' for Budapest is inscribed at the top of the field within a small cartouche, separated from the central design by the decorative scrolls. The overall design is clean and typographic in style, with a plain inner border and a milled outer rim. |
| Reverse script | Latin |
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| Additional information |
Hungary's interwar coinage was rebuilt almost from scratch after hyperinflation destroyed the korona, with the pengő system introduced in 1926 as a stabilization measure backed partly by a League of Nations loan. This 20 filléres piece entered circulation at the very launch of that reformed currency, giving it an unusually long run through the entire Horthy régime's stable period before the economics of wartime brass shortages ended production in 1940.
Copper-nickel was a deliberate policy choice over silver for the subsidiary denominations — a signal of fiscal conservatism at a moment when Hungary had little margin for error.