Hungary

Hungary holds the record for the worst hyperinflation in history, and its banknotes are among the most sought-after in the world.

This collection covers the Austro-Hungarian korona, the inter-war pengő, the 1945-1946 milpengő and B.-pengő notes with up to twenty zeros, the adópengő tax notes and the forint introduced in August 1946.

We are based in Hungary, so many of these notes come from local sources. Each is authentic, graded honestly and photographed front and back.

History and frequently asked questions below ↓

About Hungary banknotes

Hungary used the korona of Austria-Hungary until 1927, then the pengő. The 1945–1946 hyperinflation, the worst ever recorded, forced the milpengő and B.-pengő before the forint arrived on 1 August 1946. The forint is still Hungary's currency, and the early forint notes of 1946–1947 are now among the most sought-after Hungarian notes.

See also: pengő, milpengő, B.-pengő and hyperinflation banknotes.

Collector's guide: Pengő vs milpengő vs B.-pengő – every 1946 Hungarian hyperinflation note explained.

Frequently asked questions

What is the highest Hungarian banknote?

The 100 million B.-pengő of 1946, worth 1020 pengő, the highest denomination ever issued anywhere.

Why do you have so many Hungarian notes?

We are based in Hungary and source many notes locally, which lets us offer deep stock and fair prices.

When did Hungary introduce the forint?

On 1 August 1946, replacing the pengő after the hyperinflation. The forint is still Hungary's currency today.

Are your Hungary banknotes genuine?

Yes. Every Hungary note we sell is a genuine banknote, never a copy or replica. Each listing states the grade, gives the Pick catalogue number where one exists and shows the front and back, and every order ships tracked from Hungary.