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200 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#29 |
| Obverse description | This Series B Hungarian emission bears the principal legend MAGYARORSZÁG across the upper field, distinguishing it as a purpose-printed domestic issue rather than an overprinted Austrian predecessor. The face presents the denomination 200 KORONA within a composed typographic layout supported by ornamental guilloche underprint work. Unlike the Series A revalidation type (P-28), which consists of an Austrian P-24 note bearing a MAGYARORSZÁG handstamp overprint, this note was printed as an independent Hungarian issue from inception. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is covered across its full surface by a finely executed guilloche underprint composed of intricate lathe-work rosette and wave patterns forming a continuous background field. The serial number appears in the upper left area, accompanied by the series letter designation. |
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| Comments |
Hungary's post-WWI financial situation was catastrophic. The 1920 200 Korona was issued by the Hungarian Royal Ministry of Finance — not a central bank — because the Austro-Hungarian Bank had ceased operations following the dissolution of the empire, leaving the Hungarian state to manage currency issuance directly through the treasury. This was a stopgap arrangement, and inflation was already eroding the korona's value faster than new denominations could be printed.
The series to which P#29 belongs was produced under severe budgetary and logistical constraints, and high-denomination notes from this transitional period were often withdrawn and reissued with overprints as the hyperinflationary spiral deepened through 1922–1924.