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100 Pengő
| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1939 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Pengo (1927-1946) |
| Composition | Log in to see details |
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| Obverse description | A red letterpress overprint of '100 PENGŐ' applied over the face of the P#106 5 Pengő note, which retains its original green underprint and guilloche work. The underlying note carries a vignette of a young woman in traditional Hungarian dress at right, with the 'MAGYAR NEMZETI BANK' inscription across the upper portion. A red overprint text block at top announces the provisional nature of the issue, dated Budapest, 1939 október hó 25-én. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse retains the original design of the 5 Pengő note (P#106), with a central vignette of a standing robed female figure holding a lute, set within an elaborate architectural frame with radiating guilloche patterns. A decorative floral rosette element appears at the far right. The lower border carries the denomination inscription in multiple languages. |
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| Comments |
Hungary's 1939 100 Pengő was issued by the Magyar Nemzeti Bank as the country was being drawn into Germany's economic and political orbit. The Pengő had been a stable currency since its introduction in 1927, replacing the hyperinflation-wrecked Korona, but the war years would erode that stability rapidly — by 1945 the system had begun its collapse into what became the worst hyperinflation in recorded history, rendering notes of this denomination essentially worthless within a few years of issue.
Pick 107 was printed by the Hungarian state printing works in Budapest. Serial number placement and overprint variants within the series are worth examining closely.