Hungary Százezer (100.000) Milpengő 1946. Pick 127

Item Information

Dimensions (mm) 0 x 0 x 0mm
Weight (carats) 0 carats
Year 1946
Gold Coin
Silver Coin
Platinum Coin
Mint/Proof Coin
Uncirculated Coin
Certified Coin
Bi Metalic Coin
Coin Collection

Százezer (100.000) Milpengo 29 April 1946 Budapest (number: B 238 005855) A/0054

size: 180*82 mm

 

Hungarian pengo

The pengo was the currency of Hungary between 1 January 1927, when it replaced the korona, and 31 July 1946,

when it was replaced by the forint. The Pengo was subdivided into 100 fillér. Although the introduction of the

pengo was part of a post-World War I stabilisation program, the currency survived only for 20 years and experienced

the most serious hyperinflation ever recorded.

Hiperinflation

The peng�‘ lost value after World War II, suffering the highest rate of hyperinflation ever recorded. There were several

attempts to break down inflation, such as a 75% capital levy in December 1945. Howewer, this did not stop the

hyperinflation and prices continued spiralling out of control, With ever higher denominations introduced. The deniminations milpengo (1,000,000 pengo) and b.-pengo (Pronunciation: bilpengo) (1,000,000 milpengo, 1,000,000,000,000 pengo

or one billion pengo (long scale) were used to alleviate calculations, cut down the number of zeros and enable the reuse of banknote designs with only the colour and denomination name changed.

 

End of the pengo

The Hungarian economy could only be stabilized by the introduction of a new currency, and therefore, on 1 August 1946, the forint was introduced at a rate of 400 000 000 000 000 000 000 000 000 000 (400 octillion) Therefore the total amount of ciculating pengo notes had a value of less than 0.1 fillér.

The product is like in the photo.

All Feedback

Recent Customer Feedback

closed

0 bids placed so far
Add to Watch List Ask a Question * All prices in AUD

Audit Information

This auction has not been audited by a Coin Sheriff

Request Audit

Pricing & Details

Bid Increment $1.00
Starting Bid $2.00
Auction ID 7606
Watchers 0 watching
Viewed 668 times
Starts 11th Apr 2012 9:00am PDT
Ends 13th Apr 2012 12:00pm PDT

Shipping & Insurance

Provider Shipping Transit
Standard Shipping $2.00 21 Days
Shipping Insurance all providers $0.00 (optional)

Seller Details

Visit worldcoins Store Add to Favourites