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25 Kreuzers Miskolc

Issuer Miskolcz városa hatósága (Municipality of Miskolc)
Year 1860
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Value 25 Krajcár (0.25)
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Obverse description The note is framed by a fine typographic border of repeated decorative elements. The central text, set in a combination of larger and smaller letterpress typefaces, states the municipal treasury voucher title, the denomination in words and numerals, and the conditions of redemption, with the issuing authority and date printed at lower right. A manuscript serial number appears at upper right, and a blue official stamp of the municipality of Miskolc is visible at lower left. The printer's imprint reads 'Misk. nyomt. Rácz Á.' at the bottom margin.
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Protection description Blue circular official stamp of the Municipality of Miskolc applied at lower left on both sides
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Comments

Municipal fractional notes of this kind proliferated across Hungary in the early 1860s as small-denomination coinage effectively vanished from circulation — hoarded by a public rattled by the economic disruptions following the 1848–49 revolution and subsequent Austrian fiscal policy. Miskolc was among the northern Hungarian market towns that took the practical step of authorizing local scrip rather than letting retail commerce seize up entirely.

Printed by the local firm Rácz Á. rather than any specialist security printer, the note's authentication relied entirely on its official municipal stamp — a fragile arrangement that made forgery relatively straightforward and redemption politically complicated once central authority reasserted itself.