15 Kreuzers Treasury Note

Hungary issued these small-denomination Kincstári utalvány notes in 1849 to fund the revolutionary government's war effort against Habsburg forces — a currency born entirely of military necessity. The Hungarian Treasury had almost no established printing infrastructure, so production was handled domestically in Buda under improvised conditions, which is why the printing quality across the series varies considerably from sheet to sheet.

At 15 krajcár, this was the lowest circulating value in the revolutionary issue, used for everyday transactions when silver coinage had largely vanished from circulation. After the Russian intervention and the collapse of the revolution in August 1849, Austrian authorities declared all Kossuth-era paper void — rendering these notes worthless almost simultaneously with their peak circulation.