Coins of The Hungarian Forint - 2nd Republic Issues (1946-1948)

2nd Republic Issues (1946-1948)

After the trauma of the Second World War and the hyperinflation of the pengő the Hungarian government had to face the problems of introducing a new currency. In the case of coins this meant that they had to express stability and raise confidence in the people toward the new money. The first coins minted in 1946 were made of copper alloys in the case of the fillér coins and aluminium in the case of the 1 & 2 forint coins. Although the forint was based on gold standard, only silver coins were minted in the first 2 years: 5 forint coins made of good quality silver were put into circulation. However, the government fear of hoarding these coins convinced the national bank to lower the mass and quality of silver used for the 1947 strike. Finally, no silver 5 forint coins were minted for general circulation after 1947. The 5 & 50 fillér coins were first minted in 1948 and were made of aluminium.

Commemorative coins appeared early, the first being a series of 3 coins in 1948 to commemorate the centennial of the 1848 revolution.

2nd Republic issues - regular
Image Value Technical parameters Description Date of
Obverse Reverse Diameter Thickness Mass Composition Edge Obverse Reverse first minting issue withdrawal lapse
2 f 17.0 mm 1.7 mm 3.0 g Brass
85% copper
15% zinc		 Smooth "MAGYAR ÁLLAMI VÁLTÓPÉNZ" 1, year of minting, "Kossuth" coat of arms Value, mintmark 1946 1 November 1946 30 June 1977 31 December 1977
5 f 17.0 mm 1.4 mm 0.6 g Aluminium Smooth "MAGYAR KÖZTÁRSASÁG" 2, year of minting, young female model Value, mintmark 1948 30 January 1948 30 September 1992 31 December 1993
10 f 19.1 mm 1.5 mm 3.0 g Aluminium bronze
92% copper
8% aluminium		 Milled "MAGYAR ÁLLAMI VÁLTÓPÉNZ", year of minting, Dove carrying an olive branch Value, mintmark 1946 1 November 1946 30 June 1977 31 December 1977
20 f 21.0 mm 1.6 mm 4.0 g "MAGYAR ÁLLAMI VÁLTÓPÉNZ", year of minting, 3 ears of wheat
50 f 22.0 mm 1.6 mm 1.4 g Aluminium Smooth "MAGYAR KÖZTÁRSASÁG", year of minting, man sitting on an anvil with a hammer Value, mintmark 1948 5 May 1948 30 June 1972 30 June 1973
1 Ft 23.7 mm 1.6 mm 1.5 g Milled "MAGYAR ÁLLAMI VÁLTÓPÉNZ", mintmark, "Kossuth" coat of arms Value, year of minting 1946 1 November 1946 31 August 1951 31 March 1952
2 Ft 28.0 mm 2.0 mm 2.8 g "MAGYAR KÖZTÁRSASÁG", mintmark, "Kossuth" coat of arms 31 December 1951 31 December 1952
5 Ft 32.0 mm 2.9 mm 20.0 g 835‰ silver "MUNKA A NEMZETI JÓLÉT ALAPJA" 3 "MAGYAR KÖZTÁRSASÁG", mintmark, year of minting, value, "Kossuth" coat of arms "1802-1894 KOSSUTH", Lajos Kossuth 30 June 1977 31 December 1977
5 Ft 1.9 mm 12.0 g 500‰ silver "M Á P V" 4 and ornaments 1947 19 May 1947
2nd Republic issues - circulating commemorative
5 Ft 32.0 mm 1.9 mm 12.0 g 500‰ silver "ESKÜSZÜNK ESKÜSZÜNK" 5 "MAGYAR KÖZTÁRSASÁG", value, year of minting, mintmark "PETŐFI SÁNDOR 1848-49", Sándor Petőfi 1948 1 May 1948 30 June 1977 31 December 1977
10 Ft 36.0 mm 2.5 mm 20.0 g "A LEGNAGYOBB MAGYAR EMLÉKÉRE" 6 "MAGYAR KÖZTÁRSASÁG", value, year of minting, mintmark "SZÉCHENYI ISTVÁN 1848-49", István Széchenyi
20 Ft 40.0 mm 2.8 mm 28.0 g Ornament "MAGYAR KÖZTÁRSASÁG", value, year of minting, mintmark, "Kossuth" coat of arms "TÁNCSICS MIHÁLY 1848", Mihály Táncsics

Read more about this topic:  Coins Of The Hungarian Forint

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