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| Issuer | Hungarian Fund (Kossuth) |
|---|---|
| Year | 1852 |
| Type | Standard circulation banknote |
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| Obverse description | Central intaglio portrait vignette of Lajos Kossuth within an ornate frame, flanked by two allegorical female figures in classical robes, with guilloche rosettes bearing '100' at left and right corners. Cursive bond text below references the Independent Hungarian Government; dated at New York with Kossuth's facsimile signature at lower right. |
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| Obverse lettering | HUNGARIAN FUND / ONE HUNDRED DOLLARS / THIS A CERTIFICATE / Will entitle the holder to / With Interest at the rate of / Four per Cent per annum from this date the principal / payable in ten equal annual Installments from the date of the establishment / in fact, of the Independent Hungarian Government, and the interest thereon payable / half yearly after the last above date, and at the National Treasury of such Government, / and either of its Authorized Agencies in London or New York. / Dated at NEW YORK |
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| Comments |
Lajos Kossuth arrived in the United States in December 1851 following the collapse of the Hungarian Revolution, and these notes were issued as part of his American fundraising campaign — ostensibly to finance a future renewed uprising against Habsburg rule. The Hungarian Fund notes were never redeemable in any conventional sense; they were essentially political instruments dressed as banknotes, sold to sympathetic American donors who understood they were backing a cause, not a currency.
Danforth, Bald & Co. were among the most reputable security printers in antebellum America, lending the issue a legitimacy of appearance that far exceeded its legal standing. Kossuth signed each note personally.