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20 Korona
| Issuer | Hungarian Postal Savings Bank |
|---|---|
| Year | 1920 |
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| Value | Log in to see details |
| Currency | Crown (1919-1926) |
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| Obverse description | Austro-Hungarian Bank 20 Korona note dated 2 January 1907 (Vienna), overstamped with a red oval handstamp reading 'MAGYARORSZÁG' to validate it for Hungarian circulation. The face retains the original design of the Austria-Hungary P-10 issue: a large central guilloche oval at left, a portrait vignette of a young woman in an ornate frame at right, and the denomination 'HÚSZ KORONA' in bold lettering at centre, with three manuscript signatures of the Osztrák-Magyar Bank along the lower margin. |
|---|---|
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| Reverse description | Log in to see details |
| Reverse lettering | ZWANZIG KRONEN / DIE OESTERREICHISCH-UNGARISCHE BANK ZAHLT GEGEN DIESE BANKNOTE BEI IHREN HAUPTANSTALTEN IN WIEN UND BUDAPEST SOFORT AUF VERLANGEN / IN GESETZLICHEM METALLGELDE / WIEN 2 JÄNNER 1907 / OESTERREICHISCH-UNGARISCHE BANK / DVACET-KORUN / DWADZIESCIA-KORON / ДВАДЦЯТЬ КРОНЪ / VENTI-CORONE / DVADESET-KROA / ДВАДЕСЕТ КРОНА / DOUEZECI-COROANE / SERIE |
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| Comments |
The Hungarian Postal Savings Bank stepped into currency issuance after the collapse of the Austro-Hungarian monetary system and the chaotic post-war scramble for circulating media. This 20 Korona belongs to a transitional moment when Hungary was simultaneously dealing with the aftermath of the 1919 Romanian occupation of Budapest, rampant inflation, and the political upheaval of the early Horthy regime — none of which made orderly currency management easy.
The Postal Savings Bank series was a stopgap. Inflation would render the entire korona denomination system functionally obsolete within a few years, replaced by the pengő in 1927.