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25 000 Korona

Issuer Hungarian Royal Ministry of Finance
Year 1923
Type Standard circulation banknote
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Reverse description The reverse is printed in violet-brown on uncoloured paper, with an elaborate interlocking guilloche pattern filling the entire border, the numeral "25000" in each corner. A central oval panel bears the inscription "HUSZONÖTEZER KORONA" in bold letterpress, surrounded by further guilloche rosettes. The denomination is also rendered in six languages — Romanian, German, Slovak, Czech, Bulgarian, and Russian — arranged in two columns above and below the central panel.
Reverse lettering HUSZONÖTEZER KORONA
DOUĂZECI ȘI CINCI MII COROANE.
FÜNFUNDZWANZIGTAUSEND KRONEN.
DVADSATPÄTTISÍC KORUN.
ДВАДЕСЕТ И ПЕТ ХИЉАДА КРУНА.
ДВАДЦЯТЬ П'ЯТЬ ТИСЯЧА КОРОНЪ.
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Comments

Hungary's post-WWI hyperinflationary spiral forced the Royal Ministry of Finance into a series of increasingly large denominations through the early 1920s — this 25,000 Korona being among the higher values issued before the entire korona system was abandoned in favour of the pengő in 1927, by which point the korona had become effectively worthless. The commission going to Orell Füssli in Zurich was a pragmatic decision: domestic printing capacity was inadequate for the volume and quality required.

Traugott Willi's engraving work for Orell Füssli during this period was consistently precise, and his name appears on several central European emergency issues of the same decade.

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