{"title":"Pengő","description":"","products":[{"product_id":"copy-of-magyarorszag-10-000-000-000-000-000-pengo-1946-p-132-xf-hiperinflacios-bankjegy","title":"Hungary 100 Millió Pengő 1946 (100,000,000 Pengos) P-124","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA genuine survivor of the worst hyperinflation in history: a Hungarian 100 Millió Pengő note from 1946, worth an astonishing 100,000,000 pengő.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.6 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e 100 million pengő — the last ordinary pengő denomination before new “Milpengő” units took over.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.1\/10 (Numista rarity index 14\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 7.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 5.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 6\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1946 Hungary 100 Millió Pengő (P-124)\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eAfter World War II, Hungary suffered the worst hyperinflation ever recorded: by July 1946 prices were doubling roughly every 15 hours. The National Bank issued ever larger denominations, and to make the colossal numbers manageable introduced new units — the Milpengő (1 million pengő) and the B.-Pengő (1 billion, i.e. 10¹² pengő). On 1 August 1946 the forint replaced the pengő at a rate of 400 octillion (4×10²⁹) pengő to 1 forint. Because notes changed so quickly, people often referred to them simply by their colour.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eLike other notes of the final 1946 series, it carries a classical female portrait framed by ornate guilloche patterns, with the denomination written out in Hungarian. Please see the photographs for the colours and reverse design of this exact note.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Hyperinflation Banknote\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank (Hungarian National Bank)\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003eCondition exactly as shown in the photographs; please review the images for the precise appearance of this note.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"F - Fine","offer_id":47889606869326,"sku":null,"price":1.5,"currency_code":"USD","in_stock":true},{"title":"VF - Very Fine","offer_id":47889606902094,"sku":null,"price":2.5,"currency_code":"USD","in_stock":true},{"title":"XF - Extra Fine","offer_id":47889606934862,"sku":null,"price":3.75,"currency_code":"USD","in_stock":true},{"title":"aUNC - almost Uncirculated","offer_id":47889606967630,"sku":null,"price":9.0,"currency_code":"USD","in_stock":true},{"title":"UNC - GEM UNCIRCULATED","offer_id":47889607000398,"sku":null,"price":29.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_100_Millio_Pengo_1946_100_000_000_Pengos_P_124_main.jpg?v=1790965691"},{"product_id":"copy-of-magyarorszag-100-000-000-pengo-100-millio-milpengo-bankjegy-p-124-1946-nagyon-finom","title":"Hungary 1 Milliárd Pengő 1946 (1,000,000,000 Pengos) P-125","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA genuine survivor of the worst hyperinflation in history: a Hungarian 1 Milliárd Pengő note from 1946, worth an astonishing 1,000,000,000 (1 billion) pengő.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.8 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e A billion-pengő note that was worthless within four months of issue.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 10\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.1\/10 (Numista rarity index 14\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 5.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 6\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1946 Hungary 1 Milliárd Pengő (P-125)\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eAfter World War II, Hungary suffered the worst hyperinflation ever recorded: by July 1946 prices were doubling roughly every 15 hours. The National Bank issued ever larger denominations, and to make the colossal numbers manageable introduced new units — the Milpengő (1 million pengő) and the B.-Pengő (1 billion, i.e. 10¹² pengő). On 1 August 1946 the forint replaced the pengő at a rate of 400 octillion (4×10²⁹) pengő to 1 forint. Because notes changed so quickly, people often referred to them simply by their colour.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eLike other notes of the final 1946 series, it carries a classical female portrait framed by ornate guilloche patterns, with the denomination written out in Hungarian. Please see the photographs for the colours and reverse design of this exact note.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Hyperinflation Banknote\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank (Hungarian National Bank)\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003eCondition exactly as shown in the photographs; please review the images for the precise appearance of this note.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"F - Fine","offer_id":47889616175438,"sku":null,"price":1.5,"currency_code":"USD","in_stock":true},{"title":"VF - Very Fine","offer_id":47889616208206,"sku":null,"price":2.75,"currency_code":"USD","in_stock":true},{"title":"XF - Extra Fine","offer_id":47889616240974,"sku":null,"price":4.5,"currency_code":"USD","in_stock":true},{"title":"aUNC - almost Uncirculated","offer_id":47889616273742,"sku":null,"price":13.5,"currency_code":"USD","in_stock":true},{"title":"UNC - GEM UNCIRCULATED","offer_id":47889616306510,"sku":null,"price":45.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_1_Millia_rd_Pengo_1946_1_000_000_000_Pengos_P_125_main.jpg?v=1790965695"},{"product_id":"starter-pack-hungary","title":"Hungary Pengő Starter Pack – WWII \u0026 Inflation Era Collection","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eBegin your journey into Hungarian banknote collecting with this curated starter pack covering Hungary’s dramatic 20th-century monetary history.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.9 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e A starter set of Hungarian pengő from WWII and the 1945–46 hyperinflation — the worst ever recorded.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 5\/10 (our estimate)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 6\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003eA curated selection of Hungarian Pengő banknotes from the inter-war, WWII and 1945–46 hyperinflation era — please see the photographs for the exact notes included\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eThe pengő was introduced in 1927 as one of Europe’s most stable currencies, but World War II and its aftermath destroyed it. By 1946 Hungary was experiencing the worst hyperinflation in recorded history, with denominations reaching 100 quintillion pengő before the forint replaced it on 1 August 1946. This pack lets you hold that story in your hands — from elegant pre-war issues to the astronomical denominations of the hyperinflation.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe notes in this set range from finely engraved pre-war designs with allegorical portraits to the simpler, hastily printed hyperinflation issues, often recognised by their bold colours.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Banknote Set\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003eCondition exactly as shown in the photographs; please review the images for the precise appearance of this note.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":52885118124366,"sku":"","price":39.85,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/starter-pack-hungary-bundle-composite.jpg?v=1791030621"},{"product_id":"hungary-100-000-pengo-1945-p-121a-aunc","title":"Hungary 100 000 Pengő 1945 P-121a AUNC","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA near-new Hungary 100,000 Pengő from 1945.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.8 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e Hungarian pengő from the 1945–46 hyperinflation — the worst ever recorded, with prices doubling roughly every 15 hours.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.2\/10 (Numista rarity index 15\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1945 Hungary 100,000 Pengő (P-121a)\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eThe pengő was introduced in 1927 and was for years one of Central Europe’s most stable currencies, until World War II and the hyperinflation of 1945–46 destroyed it. This 1945 note was one of the first of the post-war hyperinflation, which within a year produced notes of 100 quintillion pengő.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe obverse shows Valéria Rudas in folk costume. The reverse shows the national coat of arms.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 177 × 80 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Standard Circulation Banknote\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eAUNC (About Uncirculated).\u003c\/strong\u003e Looks new at first glance, with only a trace of light handling such as a faint corner bend or a single light crease.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54505944088910,"sku":null,"price":11.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_100_000_Pengo_1945_P_121a_AUNC_main.jpg?v=1790966222"},{"product_id":"hungary-1-billion-pengo-1946-1-000-000-000-pengos-p-125-consecutive-pair","title":"Hungary 1 billion Pengő 1946 (1,000,000,000 Pengos) P-125 AUNC CONSECUTIVE PAIR","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA pair of 1946 Hungary 1 Billion (Milliárd) Pengő notes with consecutive serial numbers.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.8 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e One billion pengő as a consecutive pair — from history’s worst hyperinflation.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.1\/10 (Numista rarity index 14\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 5.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1946 Hungary 1 Milliárd Pengő (P-125) – consecutive pair\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eAfter World War II, Hungary suffered the worst hyperinflation ever recorded: by July 1946 prices were doubling roughly every 15 hours. The National Bank issued ever larger denominations, and to make the colossal numbers manageable introduced new units — the Milpengő (1 million pengő) and the B.-Pengő (1 billion, i.e. 10¹² pengő). On 1 August 1946 the forint replaced the pengő at a rate of 400 octillion (4×10²⁹) pengő to 1 forint. Because notes changed so quickly, people often referred to them simply by their colour. Consecutive serial numbers are prized by collectors because the notes come from the same printing sheet sequence and are rarely kept together.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe obverse shows Lucia Lendvay, a young woman from Székesfehérvár. Please see the photographs for the full design.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 174 × 84 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Consecutive Pair\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eAUNC (About Uncirculated).\u003c\/strong\u003e Looks new at first glance, with only a trace of light handling such as a faint corner bend or a single light crease.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54506030563662,"sku":null,"price":15.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/IMG_2177.jpg?v=1753872743"},{"product_id":"hungary-1-000-000-pengo-1945-p-122-unc","title":"Hungary 1 000 000 Pengő 1945 P-122 UNC","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA crisp uncirculated Hungary 1,000,000 Pengő from 1945.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.8 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e Hungarian pengő from the 1945–46 hyperinflation — the worst ever recorded, with prices doubling roughly every 15 hours.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.1\/10 (Numista rarity index 14\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1945 Hungary 1,000,000 Pengő (P-122)\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eIn 1945 Hungary’s post-war hyperinflation was gathering pace; within a year notes reached 100 quintillion pengő before the forint replaced the pengő in August 1946.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe obverse features Lajos Kossuth, hero of the 1848 revolution. The reverse shows the painting “At the Shores of Lake Balaton” by Géza Mészöly.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 169 × 83 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Standard Circulation Banknote\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eUNC (Uncirculated).\u003c\/strong\u003e A crisp, clean note with no folds, creases or signs of handling — it looks exactly as it left the printing press.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54506912514382,"sku":null,"price":20.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_1_000_000_Pengo_1945_P_122_UNC_main.jpg?v=1790966226"},{"product_id":"hungarian-adopengo-set","title":"Hungary Adópengő Set","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA set of five genuine Hungarian adópengő (“tax pengő”) notes from 1946 — the extraordinary emergency currency of the world’s worst hyperinflation.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.7 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e Hungarian Adópengő “tax pengő” notes — an emergency indexed unit created in 1946 when the pengő lost all value.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 5\/10 (our estimate)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 4\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 6\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\n\u003cli\u003e1946 Hungary 10,000 Adópengő (P-143)\u003c\/li\u003e\n\u003cli\u003e1946 Hungary 50,000 Adópengő (P-138)\u003c\/li\u003e\n\u003cli\u003e1946 Hungary 100,000 Adópengő (P-144)\u003c\/li\u003e\n\u003cli\u003e1946 Hungary 500,000 Adópengő (P-139)\u003c\/li\u003e\n\u003cli\u003e1946 Hungary 1,000,000 Adópengő (P-140)\u003c\/li\u003e\n\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eIn January 1946, as the pengő collapsed, Hungary introduced the adópengő (“tax pengő”), an indexed unit whose value against the pengő was set daily, to protect tax revenues. Adópengő notes were later issued for general use, but they too were swept away by the hyperinflation before the forint arrived on 1 August 1946.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eSimple, hastily printed notes issued by the Ministry of Finance. Please see the photographs for the full design.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Banknote Set\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Adópengő (1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Ministry of Finance (Pénzügyminisztérium)\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003eCondition exactly as shown in the photographs; please review the images for the precise appearance of this note.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54881385054542,"sku":null,"price":14.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/hungarian-adopengo-set-bundle-composite.jpg?v=1791030669"},{"product_id":"hungary-50-pengo-1945-p-110-f","title":"Hungary 50 Pengő 1945 P-110 F","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA circulated Hungary 50 Pengő from 1945 — the \u003cstrong\u003efirst banknote of the hyperinflation series\u003c\/strong\u003e. Only 50 pengő in face value, but it was the first note of the hyperinflation period that ended a year later with the 100 quintillion pengő note.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.8 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e The very first note of Hungary’s hyperinflation series — only 50 pengő, but it opened the 1945–46 hyperinflation, the worst ever recorded, with prices doubling roughly every 15 hours.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 8.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 5.7\/10 (Numista rarity index 46\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 4.5\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1945 Hungary 50 Pengő (P-110)\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eThe pengő was introduced in 1927 and destroyed by the post-war hyperinflation of 1945–46. This 50 pengő is the first note of the hyperinflation series: a modest denomination that marked the start of the collapse, which within about a year ended with the 100 quintillion (100,000,000,000,000,000,000) pengő note.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe obverse features Prince Ferenc II Rákóczi. The reverse shows Károly Lotz’s painting “Horses in a Storm” (Ménes a zivatarban).\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 175 × 90 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Standard Circulation Banknote\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eF (Fine).\u003c\/strong\u003e A well-circulated note with multiple folds, softer paper and visible wear, but complete and with all main design elements clearly visible.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54881418871118,"sku":null,"price":2.25,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_50_Pengo_1945_P_110_F_main.jpg?v=1790966306"},{"product_id":"hungary-10-million-pengo-1945-p-123-aunc","title":"Hungary 10 million Pengő 1945 P-123 AUNC","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA near-new Hungary 10 Million Pengő from 1945.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.8 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e Hungarian pengő from the 1945–46 hyperinflation — the worst ever recorded, with prices doubling roughly every 15 hours.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.2\/10 (Numista rarity index 15\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1945 Hungary 10 Million Pengő (P-123)\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eAfter World War II, Hungary suffered the worst hyperinflation ever recorded: by July 1946 prices were doubling roughly every 15 hours. The National Bank issued ever larger denominations, and to make the colossal numbers manageable introduced new units — the Milpengő (1 million pengő) and the B.-Pengő (1 billion, i.e. 10¹² pengő). On 1 August 1946 the forint replaced the pengő at a rate of 400 octillion (4×10²⁹) pengő to 1 forint. Because notes changed so quickly, people often referred to them simply by their colour.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe obverse features Lajos Kossuth with the Hungarian coat of arms. The reverse shows a dove with an olive branch.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 180 × 85 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Hyperinflation Banknote\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eAUNC (About Uncirculated).\u003c\/strong\u003e Looks new at first glance, with only a trace of light handling such as a faint corner bend or a single light crease.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54881522090318,"sku":null,"price":23.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_10_million_Pengo_1945_P_123_AUNC_main_4847069f-93a5-443e-99f3-7d10a3adebfa.jpg?v=1790967684"},{"product_id":"hungary-10-million-pengo-1945-p-123-a-unc-consecutive","title":"Hungary 10 million Pengő 1945 P-123 A\/UNC consecutive","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e10 Million Pengő notes from 1945 with consecutive serial numbers.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.8 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e Hungarian pengő from the 1945–46 hyperinflation — the worst ever recorded, with prices doubling roughly every 15 hours.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.2\/10 (Numista rarity index 15\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1945 Hungary 10 Millió Pengő (P-123) – consecutive serial numbers\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eAfter World War II, Hungary suffered the worst hyperinflation ever recorded: by July 1946 prices were doubling roughly every 15 hours. The National Bank issued ever larger denominations, and to make the colossal numbers manageable introduced new units — the Milpengő (1 million pengő) and the B.-Pengő (1 billion, i.e. 10¹² pengő). On 1 August 1946 the forint replaced the pengő at a rate of 400 octillion (4×10²⁹) pengő to 1 forint. Because notes changed so quickly, people often referred to them simply by their colour. Consecutive serial numbers are prized by collectors because the notes come from the same printing sheet sequence and are rarely kept together.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe obverse features Lajos Kossuth with the Hungarian coat of arms. The reverse shows a dove with an olive branch.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 180 × 85 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Consecutive Set\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eAUNC–UNC (About Uncirculated to Uncirculated).\u003c\/strong\u003e Crisp, bright notes that look new, with at most a trace of light handling.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54881535852878,"sku":null,"price":80.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/IMG_2928.jpg?v=1758811510"},{"product_id":"hungary-1000-pengo-1945-p-118a-unc","title":"Hungary 1000 Pengő 1945 P-118a UNC","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA crisp uncirculated Hungary 1000 Pengő from 1945.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.7 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e Hungarian pengő from the 1945–46 hyperinflation — the worst ever recorded, with prices doubling roughly every 15 hours.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 8.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.1\/10 (Numista rarity index 14\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 7.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1945 Hungary 1000 Pengő (P-118a)\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eIn 1945 Hungary’s post-war hyperinflation was gathering pace; within a year notes reached 100 quintillion pengő. Signatures: Zs. Thaly, I. Oltványi and L. Faragó.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe obverse shows an allegorical woman wearing flowers with the Hungarian coat of arms. Please see the photographs for the full design.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 182 × 88 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Standard Circulation Banknote\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eUNC (Uncirculated).\u003c\/strong\u003e A crisp, clean note with no folds, creases or signs of handling — it looks exactly as it left the printing press.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54920291385678,"sku":null,"price":21.25,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_1000_Pengo_1945_P_118a_UNC_main.jpg?v=1790966326"},{"product_id":"hungary-10-000-pengo-1945-p-119a-unc","title":"Hungary 10 000 Pengő 1945 P-119a UNC","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA crisp uncirculated Hungary 10,000 Pengő from 1945.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.8 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e Hungarian pengő from the 1945–46 hyperinflation — the worst ever recorded, with prices doubling roughly every 15 hours.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 3.1\/10 (Numista rarity index 14\/100)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 9\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\u003cli\u003e1945 Hungary 10,000 Pengő (P-119a)\u003c\/li\u003e\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eIn 1945 Hungary’s post-war hyperinflation was gathering pace; within a year notes reached 100 quintillion pengő.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe obverse shows an allegorical woman with the Hungarian coat of arms. Please see the photographs for the full design.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 168 × 88 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Standard Circulation Banknote\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003e\u003cstrong\u003eUNC (Uncirculated).\u003c\/strong\u003e A crisp, clean note with no folds, creases or signs of handling — it looks exactly as it left the printing press.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":54920320418126,"sku":null,"price":9.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_10_000_Pengo_1945_P_119a_UNC_main.jpg?v=1790966330"},{"product_id":"hungary-pengo-f-vf-hyperinflationary-banknote-bundle","title":"Hungary Pengő 1945–1946 F-VF – Hyperinflation Bundle","description":"\u003cp\u003e🇺🇸 \u003cstrong\u003eAttention US Customers:\u003c\/strong\u003e We offer a seamless shopping experience! All orders shipped to the United States are sent \u003cstrong\u003eDDP (Delivered Duty Paid)\u003c\/strong\u003e. This means all customs duties and import taxes are paid upfront by us—you will not face any hidden fees, delays, or unexpected charges upon delivery.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📸 \u003cstrong\u003ePlease Note:\u003c\/strong\u003e We have many of these banknotes in stock. The exact serial numbers and specific wear patterns will vary from the photographs, but the described condition and overall quality remain exactly the same.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA set of eight genuine Hungarian pengő notes showing the hyperinflation of 1945–46 step by step.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e⚡ \u003cstrong\u003eExtreme Index: 8.9 \/ 10\u003c\/strong\u003e\u003cbr\u003e\u003cem\u003eWhy it’s extreme:\u003c\/em\u003e A set of Hungarian notes from the 1945–46 hyperinflation — the worst ever recorded, with prices doubling roughly every 15 hours.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eHistory \u0026amp; drama (30%):\u003c\/strong\u003e 9.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eScarcity (25%):\u003c\/strong\u003e 5\/10 (our estimate)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWow factor (20%):\u003c\/strong\u003e 8.5\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eAge (15%):\u003c\/strong\u003e 7\/10\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCondition (10%):\u003c\/strong\u003e 4.5\/10\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cem\u003eHyperinflation note — minimum index 8.0.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Extreme Index is Extreme Banknotes’ own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.\u003c\/em\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📦 \u003cstrong\u003eIncluded Banknote(s):\u003c\/strong\u003e\u003c\/p\u003e\u003col\u003e\n\u003cli\u003e500 Pengő 1945 P-117\u003c\/li\u003e\n\u003cli\u003e1000 Pengő 1945 P-118\u003c\/li\u003e\n\u003cli\u003e10 000 Pengő 1945 P-119\u003c\/li\u003e\n\u003cli\u003e100 000 Pengő 1945 P-121\u003c\/li\u003e\n\u003cli\u003e1 000 000 Pengő 1945 P-122\u003c\/li\u003e\n\u003cli\u003e10 000 000 Pengő 1945 P-123\u003c\/li\u003e\n\u003cli\u003e100 000 000 Pengő 1946 P-124\u003c\/li\u003e\n\u003cli\u003e1 000 000 000 Pengő 1946 P-125\u003c\/li\u003e\n\u003c\/ol\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e📖 \u003cstrong\u003eHistory and Significance:\u003c\/strong\u003e\u003cbr\u003eAfter World War II, Hungary suffered the worst hyperinflation ever recorded: by July 1946 prices were doubling roughly every 15 hours. The National Bank issued ever larger denominations, and to make the colossal numbers manageable introduced new units — the Milpengő (1 million pengő) and the B.-Pengő (1 billion, i.e. 10¹² pengő). On 1 August 1946 the forint replaced the pengő at a rate of 400 octillion (4×10²⁹) pengő to 1 forint. Because notes changed so quickly, people often referred to them simply by their colour.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🎨 \u003cstrong\u003eDesign Details:\u003c\/strong\u003e\u003cbr\u003eThe notes progress from 500 to 1,000,000,000 pengő, many featuring allegorical portraits or Lajos Kossuth. Please see the photographs for the full design.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e🔍 \u003cstrong\u003eNumismatic Features:\u003c\/strong\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 158 × 78 mm – 177 × 88 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMaterial:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eType:\u003c\/strong\u003e Banknote Set\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e Pengő (1927–1946)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCountry:\u003c\/strong\u003e Hungary\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing Authority:\u003c\/strong\u003e Magyar Nemzeti Bank\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e✅ \u003cstrong\u003eCondition Guide:\u003c\/strong\u003e\u003cbr\u003eCondition exactly as shown in the photographs; please review the images for the precise appearance of this note. Notes are in Fine to Very Fine condition, perfect for handling and display.\u003c\/p\u003e","brand":"Extreme Banknotes","offers":[{"title":"Default Title","offer_id":55113585983822,"sku":null,"price":21.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0805\/8647\/3806\/files\/Hungary_Pengo_1945_1946_F_VF_Hyperinflation_Bundle_main.jpg?v=1790966394"}],"url":"https:\/\/extremebanknotes.com\/collections\/pengo.oembed?page=2","provider":"Extreme Banknotes","version":"1.0","type":"link"}