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50 Korona
| Issuer | Hungarian Ministry of Finance |
|---|---|
| Year | 1920 |
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| Shape | Rectangular |
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| Obverse description | The obverse is that of the Austro-Hungarian Bank 50 Korona note of 2 January 1914 (Austria P-15), overstruck with a red two-line handstamp reading 'MAGYARORSZÁG' to validate the note for circulation in Hungary. The underlying design retains the central oval guilloche vignette with the Hungarian coat of arms, flanked by ornate rosette underprints in blue, with the text 'ÖTVEN KORONA' and serial number at right. The original inscriptions of the Osztrák-Magyar Bank and the three facsimile signatures — Főtanácsos, Kormányzó, and Vezértitkár — remain visible beneath the overprint. |
|---|---|
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| Reverse description | The reverse of the underlying Austria P-15 note retains its original design, with the left panel bearing the German denomination 'FÜNFZIG KRONEN' in large serif lettering above concentric guilloche rosettes in red-brown. The right panel presents a central portrait vignette of a young woman in a decorative oval frame surrounded by intricate guilloche scrollwork in blue and violet, with the denomination numeral '50' at upper right and the multilingual text panel of the Oesterreichisch-Ungarische Bank at centre. The Vienna date of 2 January 1914 and the facsimile signatures of the Generalrat and Gouverneur-Generalsekretär appear at the base. |
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| Comments |
Hungary's postwar fiscal collapse forced the Ministry of Finance to assume direct note-issuing responsibilities after the Austro-Hungarian Bank ceased operations following the empire's dissolution. The 50 Korona of 1920 belongs to that chaotic transitional period, when Hungary was simultaneously managing the terms of the Treaty of Trianon, a communist interlude under Béla Kun, and a currency system that had lost its institutional foundation entirely.
Inflation was already eroding the korona by the time these notes reached circulation, and the series would be rendered obsolete within a few years by the introduction of the pengő in 1927.