Catalog
25 Korona
| Issuer | Magyar Nemzeti Bank (Hungarian National Bank) |
|---|---|
| Year | 1919 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | A MAGYAR NEMZETI BANK E BANKJEGYÉRT KÍVÁNATÁRA FIZET HUSZONÖT KORONA TÖRVÉNYES ÉRCZPÉNZT. — Budapest, 1919 május 2-án A MAGYAR NEMZETI BANK... A BANKJEGYEK UTÁN ZÁSA A TÖRVÉNY SZE RINT BÜNTETTETIK FŐTANÁCSOS KORMÁNYOS VEZÉRTITKÁR |
| Reverse description | The reverse is printed in a subdued grey-blue tone without additional colour overlays, reproducing the same design layout as the obverse: a central oval guilloche vignette with the stylized mask motif, flanked by rosette corner panels bearing the numeral '25', and identical lateral warning cartouches. The lower field repeats the full denomination and issuer inscription in letterpress, with the Budapest date line, but the signature area is blank, consistent with a trial or proof impression. |
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| Comments |
The Magyar Nemzeti Bank's 25 Korona of 1919 appeared during one of the most turbulent monetary periods in Hungarian history — the collapse of the Austro-Hungarian dual monarchy had severed Budapest from the joint currency apparatus in Vienna, and the new Hungarian state was improvising its note issue under severe political pressure. The year itself saw three distinct governments in rapid succession: the post-war democratic republic under Károlyi, the short-lived Hungarian Soviet Republic under Béla Kun, and finally the counter-revolutionary regime that would eventually stabilize into the Horthy era.
Pick 48 was printed locally in Budapest rather than relying on the Austro-Hungarian Bank's Vienna facilities — a logistical and political necessity by that point.