1939 Hungary 5 Pengo - Coin Community Forum

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Author	Replies: 6 / Views: 1,559
Ken_3567 Pillar of the Community United States 651 Posts	Posted 07/03/2007 7:08 pm I bought my very first coin from Hungary last week. I purchased this for two reasons with the primary one being that this was a silver European coin from WWII and the second being the reverse design. I have the Krause info on this coin: KM#517, Obv is Admiral Miklos Horthy and has a mintage of 408,000 but does anyone have some additional info on this? Thanks, Ken Report this Post to the Staff

echizento Moderator United States 23731 Posts	Posted 07/03/2007 10:42 pm Nice coin, I have the one in alum. Would like to find the silver one also. Admirals 75th birthday issue. KOCT#56 Report this Post to the Staff
Ken_3567 Pillar of the Community United States 651 Posts	Posted 07/04/2007 05:55 am Thanks, I was taken back by how affordable they are and couldn't pass it up. The dealer didn't have a grade on it but I'd place somewhere around AU Report this Post to the Staff
Sap Moderator Australia 16806 Posts	Posted 07/04/2007 09:25 am A bit of background information / trivia for you. Admiral Horthy was Regent of Hungary in between the World Wars. Prior to and during WWI, he was an Admiral in the Navy of the Austro-Hungarian Empire. When the Empire was broken up after WWII, his Hungarian homeland became landlocked. After successfully suppressing a Communist revolt there, he became that country's leader, an "Admiral without a navy in charge of a kingdom without a king". Being an old-school conservative (and having had first-hand experience with troublesome Communists), he was decidedly pro-Nazi and sided with the Axis during WWII. The unit of currency on your coin, the pengo, suffered severely after the Allied victory in WWII. It still holds the record for the worst hyperinflation the planet has ever seen. At the end, one US dollar was worth just under 4,700,000,000,000,000,000,000,000,000,000 pengo. Needless to say, they stopped printing all those zeroes on the notes well before the crisis ended. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
Ken_3567 Pillar of the Community United States 651 Posts	Posted 07/04/2007 09:47 am Thanks Sap, I was hoping you'd chime in as your always a wealth of knowledge Report this Post to the Staff
chasinva69 Valued Member United States 259 Posts	Posted 07/04/2007 3:35 pm Here's my only Hungary proof - a 1970 50 forint. The 100 forint is really cool, but can't seem to find one anywhere for salehttp://i207.photobucket.com/albums/...DSC00534.jpg Report this Post to the Staff
Eurocoin Valued Member Finland 294 Posts	Posted 07/05/2007 1:59 pm When I visited in Hungary couple of years ago,I tried to find coins like that at a low price but all I saw were overpriced tourist stuff Report this Post to the Staff
	Replies: 6 / Views: 1,559

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