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5000 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Crown (1919-1926) |
| Composition | Log in to see details |
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| Obverse description | Central vignette at right comprises an oval portrait of Hungaria wearing a crown and royal robes, set within an ornate guilloche border. The large denomination numeral 5000 appears in each corner, with the bold title inscription ÖTEZER KORONA across the centre. A multi-line Hungarian text below states the legal tender clause, with the issue date BUDAPEST, 1923. ÉVI JULIUS HÓ 1-ÉN and the PÉNZÜGYMINISTER signature line at foot. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in brown and buff tones with an elaborate guilloche framework and large decorative rosettes at the left and right margins. The denomination is rendered in six languages across the central panel: CINCI MII COROANE (Romanian), FÜNFTAUSEND KRONENE (German), ÖTEZER KORONA (Hungarian), PÁT TISÍC KORÚN (Slovak), ПЕТ ХИЉАДА КРУНА (Serbian), and ПЯТЬТИСЯЧЪ КОРУНЪ (Russian/Ruthenian), reflecting the multilingual character of post-war Hungary. The numeral 5000 is repeated in all four corners within guilloche panels. |
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| Comments |
By 1923, Hungary was deep in the hyperinflationary spiral that followed the dissolution of the Austro-Hungarian Empire and the punishing terms of the Treaty of Trianon. The Hungarian Royal Ministry of Finance — not a central bank — was issuing currency directly, a structural abnormality that reflected just how thoroughly the old monetary architecture had collapsed. The 5000 Korona was a high denomination by prewar standards; by the time most of these notes reached circulation, it barely covered basic transactions.
Magyar Pénzjegynyomda had been established precisely to give Hungary domestic printing capacity after the break with Vienna. The korona itself would be replaced by the pengő in 1927, rendering the entire series obsolete within a few years of issue.