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50 Korona
| Issuer | Hungarian Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | 50 Crowns (Koronás) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | The obverse is that of the Austro-Hungarian Bank 50 Korona note of 2 January 1914 (Austria P-15), overstruck with a red two-line handstamp reading 'MAGYARORSZÁG' to validate the note for circulation in Hungary. The underlying design retains the central oval guilloche vignette with the Hungarian coat of arms, flanked by ornate rosette underprints in blue, with the text 'ÖTVEN KORONA' and serial number at right. The original inscriptions of the Osztrák-Magyar Bank and the three facsimile signatures — Főtanácsos, Kormányzó, and Vezértitkár — remain visible beneath the overprint. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | FÜNFZIG KRONEN PADESÁT KORUN PIECDZIESIĄT KORON ПЯТЬДЕСЯТ КОПОН CINQUANTA CORONE PETDESET KRON PEDESET KRUNA ПЕДЕСЕТ КРОНА CINCZECI CORDANE DIE NACHMACHUNG DER BANKNOTEN WIRD GESETZLICH BESTRAFT DIE OESTERREICHISCH-UNGARISCHE BANK ZAHLT GEGEN DIESE BANKNOTE AN IHREN HAUPTANSTALTEN IN WIEN UND BUDAPEST SOFORT AUF VERLANGEN FÜNFZIG KRONEN IN GESETZLICHEM METALLGELDE. WIEN, 2. JÄNNER 1914. OESTERREICHISCH-UNGARISCHE BANK |
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| Comments |
Hungary's postwar fiscal collapse forced the Ministry of Finance to assume direct note-issuing responsibilities after the Austro-Hungarian Bank ceased operations following the empire's dissolution. The 50 Korona of 1920 belongs to that chaotic transitional period, when Hungary was simultaneously managing the terms of the Treaty of Trianon, a communist interlude under Béla Kun, and a currency system that had lost its institutional foundation entirely.
Inflation was already eroding the korona by the time these notes reached circulation, and the series would be rendered obsolete within a few years by the introduction of the pengő in 1927.