Hungary 10,000 Pengő 1945 – Allegorical Woman & Coat of Arms – Early Hyperinflation Note

Lilac-brown and green 10,000 Pengő Hungarian banknote dated 15 July 1945: obverse with profile portrait of an allegorical Hungarian woman (with tiara) at right, crowned coat of arms below, ornate borders, denomination “TÍZEZER PENGŐ”, date “BUDAPEST, 1945. ÉVI JULIUS HÓ 15-ÉN”, signatures (e.g., Thaly / Propper / others); reverse with floral/geometric design frame, large “10,000” denomination, and promise text; some variants with adhesive revenue stamp.

Price:

$ 15

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Aram Razzaghi

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Description

Issued 15 July 1945 by Magyar Nemzeti Bank (Hungarian National Bank) during the Provisional Government era, amid escalating post-WWII hyperinflation (which peaked in 1946 as the worst in history). Printed on paper. Size approx. 168 × 82 mm. Main colors: lilac-brown/green/multicolor underprint.

Obverse: Profile portrait of allegorical woman at right, Hungarian coat of arms (crowned shield) below, denomination “TÍZEZER PENGŐ” (Ten Thousand Pengő), date “BUDAPEST, 1945. ÉVI JULIUS HÓ 15-ÉN”, signatures (e.g., Thaly Kálmán / Propper Sándor variants).
Reverse: Imitation of Hungarian folk/floral design frame, large “10,000” in center, bank promise text.
Features: Running serial numbers; no watermark reported; some issues with brown/green adhesive revenue stamp (P-119b variant for validation during shortages). Demonetized/withdrawn 31 July 1946 (replaced by forint); not legal tender – vintage collectible symbolizing early stages of Hungarian hyperinflation.

Price: 10000 Pengo

Country: Hungary

Year of Issue: 1945

Circulation: Circulated

(Portrait woman at right)