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5 Korona Metro Vízmérőgyár Rt., Budapest

Issuer Metro Vízmérőgyár Rt., Budapest
Year 1920
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In circulation to 15 December 1920
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Obverse description The obverse presents a plainly composed utalvány (voucher) with a large central numeral '5' set within a lightly printed underprint vignette, enclosed by a simple decorative border with corner digit repeaters. The principal legend 'UTALVÁNY' arcs across the upper field, below which the written denomination 'Öt, azaz 5 koronáról' appears, followed by the redemption clause referencing the Metro Vízmérőgyár Rt. főpénztára, the place name 'BUDAPESTEN', and the validity date '1920. december 16-ig' towards the lower margin.
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Reverse description The reverse is elaborately composed in a folk-art inspired style, with two putti figures flanking a central circular vignette bearing the bold numeral '5' surrounded by six-pointed stars. A richly worked floral and foliate border in warm yellows and reds frames the entire composition, while the issuer's name 'METRO VÍZMÉRŐGYÁR R.-T. BUDAPEST' is inscribed within a rectangular panel at the lower centre.
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Metro Vízmérőgyár Rt. — the Metro Water Meter Factory — was among the dozens of Hungarian industrial firms that issued their own emergency scrip during the severe coin shortage that followed the collapse of the Austro-Hungarian monarchy. These Notgeld-style factory notes circulated as internal currency, typically redeemable only at the issuing company's canteen or cashier window, and were never legal tender in any formal sense.

The 1920 date places this squarely in Hungary's most chaotic monetary interval — after the dissolution of the krone zone but before the introduction of the korona as a stabilized national currency. Factory scrip from this period was often printed in very small runs, used hard, and discarded once redeemable, which accounts for the rarity of surviving examples in any condition.

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