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50 Korona

Issuer Magyar Nemzeti Bank
Year 1919
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Composition Paper
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Obverse description The obverse is executed in an intaglio-style design with a radiating sunburst guilloche pattern at centre, flanked on the left by a large ornamental vase overflowing with flowers and fruit, and on the right by a standing male figure rendered in classical style. The denomination '50' appears in bold numerals at the upper left and upper right corners, with the central text block carrying the issuing authority and value inscriptions in Hungarian. Three signature lines with role designations appear along the lower margin.
Obverse lettering A MAGYAR NEMZETI BANK
E BANKJEGYÉRT BÁRKI KÍVÁNSÁGÁRA AZONNAL FIZET BUDAPESTI FŐINTÉZETÉNÉL
ÖTVEN KORONA
TÖRVÉNYES ÉRCPÉNZT
MAGYARNEMZETIBANK
BUDAPEST 1919 MÁRC. 15.
KORMÁNYZÓ FŐTANÁCSOS VEZÉRTITKÁR
A BANKJEGY UTÁNZÁSA TÖRVÉNY SZERINT BÜNTETTETIK
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Comments

The Magyar Nemzeti Bank issued this 50 Korona in the chaotic interval between the collapse of the Habsburg monarchy and the consolidation of interwar Hungarian authority — a period that saw at least three successive governments in Budapest within months. Notes from this brief window were printed locally rather than in Vienna, a deliberate break from the Austro-Hungarian imperial printing apparatus that had supplied Hungarian currency for decades.

Overprinting and restamping of existing Austro-Hungarian stock was common practice across successor states in 1919, and distinguishing genuinely new Magyar Nemzeti Bank issues from overstamped carryovers requires close attention to printing details. P#46 is a clean domestic issue, not a stamp job.