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80 Pengő Provisional issue
| Issuer | Magyar Nemzeti Bank (Hungarian National Bank) |
|---|---|
| Year | 1925 |
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| Value | Log in to see details |
| Currency | Pengo (1927-1946) |
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| Obverse description | A provisional overprint issue on Hungary P-80 (the 1,000,000 Korona note of 1923), with the red overprint text 'NYOLCVAN PENGŐ' applied across the face to re-denominate the note at 80 Pengő. The underlying original note bears a central vignette of a young woman in an oval frame at right, surrounded by an elaborate guilloche border with the denomination '1,000,000' repeated in each corner. The date 'BUDAPEST, 1923. ÉVI SZEPTEMBER HÓ 4-ÉN.' and standard Hungarian legal tender text appear in the central text block. |
|---|---|
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| Reverse description | The reverse of the underlying 1,000,000 Korona note, without additional overprint, displays a symmetrical guilloche design with the denomination '1,000,000' in each corner. The central panel carries the face value inscription 'EGYMILLIÓ KORONA' in decorative lettering, flanked by multilingual denomination statements in Romanian, German, Slovak, and Serbian. |
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| Comments |
This note emerged from one of the more awkward transitional moments in Hungarian monetary history. The pengő was introduced in 1927 to replace the korona at a rate of 12,500 korona to 1 pengő, but the new currency's infrastructure — including adequate note stocks — wasn't ready at the precise moment the switchover demanded. These provisional issues filled the gap, denominations calculated and overprinted to bridge the two systems rather than represent any organic monetary unit. Eighty pengő is not a denomination that arose from economic convention.
Magyar Pénzjegynyomda had been printing Hungarian currency domestically since 1923, a deliberate policy shift away from foreign printers following postwar political sensitivities.