1946 Hungary 1,000,000,000,000,000 Pengő PMG 65 GEM UNC P-131 (1 Quadrillion) Hyperinflation
Description for PMG 65 GEM Uncirculated:
This 1946 Hungary 1 Quadrillion Pengő banknote (1,000,000,000,000,000 Pengő), catalogued as P-131 and graded PMG 65 GEM Uncirculated, is a superb specimen from the height of Hungary’s post-war hyperinflation. With its flawless condition, this banknote is a standout item for collectors, representing one of the highest denominations ever printed during one of the worst economic crises in history.
Design and Features: This banknote features elegant and intricate designs characteristic of Hungarian banknotes from this period. On the obverse, a detailed portrait of a Hungarian woman in traditional attire is framed by intricate patterns of flowers and scrollwork. The reverse displays a highly ornate arrangement of geometric shapes and floral motifs, rendered in rich purples and blues, making this note visually stunning. The astronomical 1 Quadrillion Pengő denomination is boldly displayed, symbolizing the severity of the hyperinflationary crisis.
Historical Significance: Issued during Hungary’s hyperinflation crisis in 1946, the 1 Quadrillion Pengő note stands as a testament to the country’s economic turmoil. By this time, the value of the Pengő had fallen so drastically that denominations in the quadrillions were required to meet basic economic demands. The currency devalued so rapidly that notes like this became nearly worthless shortly after they were issued. The 1 Quadrillion Pengő note is a historical reminder of this extreme economic collapse, which was resolved by the introduction of the Forint later that year.
Collector’s Value: A PMG 65 GEM Uncirculated grade is the highest standard of preservation, signifying that the note is in pristine condition, with no visible handling marks, sharp edges, and brilliant colors. This note’s high grade, combined with its historical importance and rarity, makes it a highly desirable piece for collectors. Owning a GEM Uncirculated 1 Quadrillion Pengő note is a rare opportunity for those fascinated by hyperinflationary currency and post-war economic history.
