Hungary 20000 Forint (István Széchenyi)

Hungary 20000 Forint (István Széchenyi)

$24.00

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Description

The forint is the official currency of Hungary. The official currency symbol; Ft. The name forint, comes from Florence, where gold coins known as fiorino d’oro have been struck since 1252. From 1325 under Charles Robert, Hungary adopted florentinus (later forint), a gold-based currency, with several other countries following Hungary’s lead. The forint was the name used for the currency of the Austro-Hungarian Empire between 1868 and 1892. The introduction of the forint in 1946 was a critical step in stabilizing the Hungarian economy following World War II, as the pengõ had become nearly unusable due to significant hyperinflation between 1945 and 1946. Consequently, of the currency introduction, the Hungarian government authorized issuing coins notes in denominations of 2, 10, 20 fillérs and 1, 2, 5 forints, followed by 5 and 50 fillérs in 1948, the 5 and 10 forint in 1971 and 20 forint in 1982. A new series of coins with denominations of 1, 2, 5, 10, 20, 50, 100, and 200 forints was launched in 1992. The 2 and 5 fillér coins production halted in 1992, and by 1999, all fillér coins had been removed from circulation. A 100 forint coin was introduced in 1996 to replace the 1992 edition. The silver coins worth 200 forints were phased out in 1998, followed by the 1 and 2 forint coins in early 2008. The 200 forint note was replaced with a new 200 forint coin in 2009.

The 20000 forint commemorative coin front design features the statue in front of the building of Hungarian Academy of Sciences of Count István Széchenyi de Sárvár-Felsővidék (1791 – 1860), who was a Hungarian politician considered one of the greatest statesmen in the nation, known by many as “the Greatest Hungarian,” and also the founder of the Hungarian Academy of Sciences. The design is completed with the denomination and the issue date.  The reverse of the coin shows the portrait of István Széchenyi on a background that presents a part of the timetable for the first Hungarian railway line and a sketch of a steam locomotive. This coin is part of the 2016 series ‘’225th anniversary of István Széchenyi’s birth’’. Its rim is fluted, and its color is silver.

Text: MAGYARORSZÁG, MNB, ÉRTÉKEK, FEJLŐDÉS, TRADÍCIÓ, IDŐTÁLLÓSÁG, STABILITÁS, 20000 BP, FORINT, 2016, HETVENÉVES A FORINT, 1946.

Additional information

Series

Current Hungarian Forint Coins

Product Currencies

Hungarian Forints

Country

Hungary

Tender Types

Coins

Country coin denominations

1, 10, 100, 10000, 2, 20, 200, 2000, 20000, 5, 50

Colour

Silver

Composition material

Silver

Diameter

52.5 mm

Shape

Round

Orientation

Medal alignment ↑↑

Weight

77.76 g

Person

István Széchenyi de Sárvár-Felsővidék

Profession

Politician

Place

Academy of Sciences

Years

2016

Object

Building, Landscape, Monument, Statue, Tree

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