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10 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
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| In circulation to | 30 June 1927 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | TÍZ KORONA EZ AZ ÁLLAMJEGY, AMELY MAGYARORSZÁG FÜGGŐ ADÓSSÁGÁNAK RÉSZE, A TÖRVÉNY HATÁROZATAIHOZ KÉPEST MINDENKI ÁLTAL, VALAMINT MINDEN KÖZPÉNZ- TÁRNÁL FIZETÉSKÉP TELJES NÉVÉRTÉKBEN ELFOGADANDÓ. BUDAPEST, 1920. ÉVI JANUÁR HÓ 1.-ÉN. AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. (Translation: TEN CROWNS This treasury note, which is a part of Hungary`s pending debt, is to be accepted at face value by payment, by everyone and in every public fund, according to the decisions of the law. Budapest, January 1, 1920 Counterfeiting treasury notes is punishable by law) |
| Reverse description | The Hungarian state arms appear at the right, while the face value TÍZ KORONA is printed in large bold text at the centre. The denomination is additionally expressed in five other languages in smaller text arranged above and below the central value, catering to the multilingual population of the former kingdom. The overall layout is framed by a guilloche border consistent with the obverse design. |
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| Comments |
Hungary's postwar financial situation in 1920 was severe enough that the Ministry of Finance — rather than a central bank — assumed direct responsibility for note issuance. This was not an institutional quirk but a reflection of how thoroughly the Austro-Hungarian monetary system had collapsed following the armistice and the subsequent territorial dismemberment under the Treaty of Trianon, signed just weeks before this series entered circulation.
The print run of just over 12 million is modest by the inflationary standards that would soon engulf Hungary. Within two years the country was producing notes in denominations that made the 10 Korona effectively worthless.