5 Korona - Francis Joseph I

Hungary's 5 Korona was introduced under the monetary reform that established the Austro-Hungarian Crown system in 1892, replacing the Gulden at a fixed rate of two Korona to one Gulden. The transition was politically charged — Magyar nationalists in Budapest had pushed hard for a distinctly Hungarian coinage, and the compromise that emerged gave Hungary its own coin designs while keeping the currency union with Vienna intact.

Dies for this type were produced at the Kremnica (Körmöcbánya) mint, the oldest continuously operating mint in Central Europe, which had been striking Hungarian royal coinage since 1328.