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| 正面描述 | Central vignette at right presents an intaglio portrait of Saint Ladislaus I, King of Hungary, wearing a crown and with a beard, set within an oval frame. The denomination "HUSZONÖTEZER KORONA" is inscribed in bold Gothic lettering across the centre, above the text of the legal tender obligation in Hungarian, dated Budapest, 1923. évi Július hó 1-én. Intricate guilloche borders frame all four corners, with the numeral "25000" repeated in each, and the engraver's initials "T. W." appear in the lower margin. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | 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. |
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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.