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50 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
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| Composition | Log in to see details |
| Size | 148 × 95 mm |
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| Obverse description | The note is enclosed within an ornate decorative border with a vignette of Ferenc Rákóczi II positioned to the right, rendered in a fine portrait style typical of early twentieth-century intaglio work. The central field carries the principal text block in Hungarian detailing the legal tender status of the note, set against a lightly guilloche-patterned underprint. The printer's imprint of Orell Füssli Zurich appears at the lower portion of the design. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | ÖTVEN KORONA (Translation: Fifty Crowns) |
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| Comments |
Hungary's postwar financial situation in 1920 was severe enough that the government contracted Orell Füssli in Zurich to produce notes domestically impossible to print in sufficient quantity or security. The Austro-Hungarian krone had collapsed with the empire, and the new Hungarian state was issuing its own korona series under the Ministry of Finance rather than a central bank — a telling sign of how provisional the entire monetary arrangement was.
Orell Füssli had been printing securities and banknotes since the nineteenth century and was a logical choice for a landlocked neutral country's printer. The Swiss origin is occasionally misread as a mark of stability; in practice these notes circulated into rapid inflation that made the 50 korona denomination nearly worthless within a few years of issue.