1946 Hungary 1,000,000,000,000,000 (1 Quadrillion) PMG 64CU Pengo Banknote P-131
The Hungary 1 Quadrillion Pengő banknote (1,000,000,000,000,000 Pengő), catalogued as P-131 and issued in 1946, is a striking representation of the extreme hyperinflation that gripped Hungary following World War II. Graded PMG 64 Choice Uncirculated (CU), this note is a prized collectible in near-perfect condition, symbolizing one of the largest denominations ever printed during a period of unprecedented economic collapse.
Design and Features: The note’s design features intricate engravings typical of Hungarian banknotes from this era. The front side depicts a portrait of a regal Hungarian woman in traditional dress, framed by ornate floral patterns. The reverse side showcases complex geometric and floral designs, reflecting Hungary’s artistic legacy amidst the turmoil. The note’s vibrant purple and blue hues enhance its visual appeal, with the staggering denomination of 1 Quadrillion Pengő prominently displayed, underscoring the desperate economic situation.
Historical Significance: This banknote was issued during one of the most notorious hyperinflationary periods in world history. Hungary’s economy had spiraled into chaos by 1946, with the value of its currency plummeting daily. In response, increasingly larger denominations were printed, culminating in the issue of the Quadrillion Pengő notes. These notes, including the 1 Quadrillion Pengő, quickly became worthless in a matter of days, and the Pengő was soon replaced by the Forint. As a result, these notes serve as historical artifacts of Hungary’s brief but dramatic economic crisis.
Collector’s Value: A PMG 64 Choice Uncirculated (CU) grade signifies that this note is in outstanding condition, with sharp edges, vibrant coloring, and only minor handling flaws. Its high grade, coupled with the astronomical denomination, makes it a valuable piece for collectors of hyperinflation currency. The note’s historical significance as part of one of the most dramatic financial collapses in modern history only increases its desirability in the numismatic world.
