Extreme Banknotes
Hungary 1 Pengő 1944 Red Army P-M2c F – Rare Serial Number Variety
Hungary 1 Pengő 1944 Red Army P-M2c F – Rare Serial Number Variety
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Red Army occupation money for Hungary from 1944, in the scarce variety with a printed serial number.
Our collector score for history, scarcity, curiosity, age & condition — see the breakdown in the description. Not a valuation.
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📸 Please Note: This listing is for the exact banknote shown in the photographs.
A 1 Pengő note issued in 1944 by "A Vöröshadsereg Parancsnoksága", the Command of the Red Army, as Soviet troops fought their way into Hungary. This example is the scarce variety with a printed red serial number (BP 286470); most of these notes have none.
⚡ Extreme Index: 7.0 / 10
Why it's extreme: Red Army occupation money for Hungary from 1944, in the scarce variety with a printed serial number.
- History & drama (30%): 8/10
- Scarcity (25%): 6.3/10 (Numista rarity index 54/100)
- Wow factor (20%): 7.5/10
- Age (15%): 7/10
- Condition (10%): 4.5/10
The Extreme Index is Extreme Banknotes' own collector score based on history, scarcity, curiosity, age and condition — it is not a valuation or investment rating.
📦 Included Banknote:
1944 Hungary 1 Pengő, Red Army Command (P-M2c, with serial number)
📖 History and Significance:
When the Soviet Red Army entered Hungary in autumn 1944, its command issued its own pengő notes in denominations from 1 to 1000 Pengő to pay for supplies and troops. The text on the front states that acceptance is compulsory in all payments and that counterfeiting is punished under martial law. These notes circulated alongside regular Hungarian money during the last months of the war and the start of the 1945–46 hyperinflation, and they were withdrawn in 1946. The 1 Pengő exists in several varieties; the standard notes have no serial number, while the variety with a serial number is catalogued separately as P-M2c, and only about 2% of Numista members who own this note have that variety.
🎨 Design Details:
Front: "A Vöröshadsereg Parancsnoksága – EGY PENGŐ" with large "1" numerals in an ornate frame and two rosettes, the compulsory-acceptance and martial-law text, and the red serial number BP 286470 printed twice.
Back: "A Vöröshadsereg Parancsnoksága – EGY PENGŐ" in a central panel, large "1" numerals in ovals and the date 1944.
🔍 Numismatic Features:
- Material: Paper
- Type: Military occupation note
- Currency: Hungarian pengő
- Country: Hungary
- Issuing Authority: Command of the Red Army (A Vöröshadsereg Parancsnoksága)
- Date: 1944
- Variety: P-M2c, with serial number (BP 286470)
✅ Condition Guide:
F (Fine) / Circulated. A well-circulated note with multiple folds and creases, softer paper and some edge wear or light staining, but complete, with all design elements clearly visible.
🛡️ Why Shop with Us?
🛡️ Why Shop with Us?
100% Guaranteed Authenticity: Every single note is individually verified by our banknote experts.
Secure Shipping: Shipped securely and flat in archival-safe protective sleeves and hard cardboard envelope to avoid any transit bending.
Tracked Premium Dispatch: Dispatched fast from Hungary, using Spring GDS, a worldwide trusted Dutch postal service, with a full door-to-door international tracking.
⭐ Customer Reviews (Etsy)
⭐ Customer Reviews (Etsy)
4.8 / 5 stars from 189 reviews and 697 sales on our Etsy shop.
⭐⭐⭐⭐⭐ "Love my order! Thank you for the quick shipping from so far away. You are a wonderful seller!" – Sharon, Sep 2026
⭐⭐⭐⭐⭐ "Was uncirculated as described. Would like to do business with you again." – Joseph, Sep 2026
⭐⭐⭐⭐⭐ "Beautiful set, perfect UNC as described. Nice and colourful." – Róbert, Sep 2026
⭐⭐⭐⭐⭐ "Pretty good shape for a note from that period." – Joseph, Sep 2026
⭐⭐⭐⭐⭐ "Every thing is good as mentioned keep shopping here." – Gurvinder, Sep 2026
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📜 Shop Policies & Disclaimers
📜 Shop Policies & Disclaimers
Products: All items sold by us are vintage, numismatic collectibles for historical study, collecting and display. They are not sold as current legal tender for circulation, nor do they constitute financial investments or investment instruments.
Authenticity Guarantee: Unless explicitly stated otherwise in the listing title or description:
- All banknotes are guaranteed to be 100% genuine and authentic.
- PMG-graded notes are third-party authenticated and graded by Paper Money Guaranty (PMG).
- Raw (ungraded) notes are meticulously inspected and authenticated by our in-house numismatic experts.
- Any replica, reproduction, or novelty item will always be clearly and prominently labeled.
Images & Descriptions: Our product photography aims to represent each item with maximum accuracy. However:
- Slight color variations may occur due to studio lighting, camera settings, or individual screen displays.
Returns & Refunds:
- To receive a full or partial refund, the buyer must return the item(s) in question to our shop.
- Unless otherwise agreed upon in writing, returned items must be securely shipped back within 30 days of the return request approval.
- The buyer is responsible for taking reasonable care of the item(s) to ensure they arrive in their original condition.
- Return shipping arrangements (including prepaid labels, if applicable under policies) will be clearly communicated at the time of the return request.
📩 Contact Us
📩 Contact Us
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CONDITION GUIDE
Gem Uncirculated
A note that is flawless, with the same freshness, crispness and bright color as when first printed. It
must be perfectly centered, with full margins, and free of any marks, blemishes or traces of handling.
About Uncirculated
A bright, crisp note that appears new but upon close examination shows a trace of very light use, such as a corner fold or faint crease. 'About Uncirculated' is a borderline condition, applied to a note which may not be quite uncirculated, but yet is obviously better than an average Extra Fine note. Such notes command a price only slightly below a new note and are highly desirable.
Extra Fine
A note that shows some faint evidence of circulation, although it will still be bright and retain nearly full crispness. It may have two or three minor folds or creases but no tears or stains and no discolorations.
Very Fine
A note that has been in circulation, but not actively or for long. It still retains some crispness and is still choice enough in its condition to be altogether desirable. It may show folds or creases, or some light smudges from the hands of a past generation. Sometimes, Very Fine notes are the best available in certain rare issues, and they should accordingly be cherished just as much as uncirculated notes.
Fine
A fine note shows evidence of much more circulation, has lost its crispness and very fine detail, and creases are more pronounced, although the note is still not seriously soiled or stained.
SHIPPING
Tracking information will be provided!
Your banknote will be packaged between two sturdy pieces of cardboard to safeguard its condition during transit, guaranteeing it arrives to you exactly as described. Should you have any inquiries, please don't hesitate to reach out - we're here to assist you!