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500 Forint St. Stephen

Issuer Hungarian National Bank
Year 1988
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Weight 28 g
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Obverse lettering MAGYAR NÉPKÖZTÁRSASÁG 500 FORINT BP · 1988 LEBÓ F.
(Translation: Hungarian People's Republic)
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Mintage 1988 BP. - - 5,000
1988 BP. - Proof - 15,000
Additional information

Issued the year Hungary's communist government began its terminal unraveling, this coin commemorates St. Stephen I, the king who established the Hungarian state around 1000 AD and whose crown remains the central symbol of Hungarian nationhood to this day. The Hungarian National Bank's choice to celebrate a medieval Christian monarch while the ruling socialist apparatus was still nominally in power was not incidental — cultural and historical rehabilitation of pre-communist figures was already well underway by the late 1980s as the regime's ideological grip loosened.

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