1946 Hungary 100,000 B-Pengo PMG 64 CU P-133 Hyperinflation Note (100 Quadrillion) UNC
The 1946 Hungary 100,000 B-Pengő banknote, catalogued as P-133, is a prominent artifact from one of the most intense periods of hyperinflation in world history. This specific note, graded PMG 64 Choice Uncirculated (CU), represents a denomination equivalent to 100 Quadrillion Pengő, making it a symbol of Hungary’s economic turmoil post-World War II. The note’s rarity, astronomical face value, and pristine condition make it highly desirable for collectors of hyperinflation currency.
Design and Features: The 100,000 B-Pengő note is designed with the intricate detail characteristic of Hungary’s hyperinflation-era banknotes. On the obverse, it features a detailed portrait of a Hungarian woman in traditional attire, framed by complex, ornamental flourishes. The reverse side continues with intricate floral patterns and a geometric guilloche design, embodying Hungary’s rich artistic heritage despite the nation’s economic struggles. The note’s violet and brown tones enhance its striking appearance, while the massive denomination is prominently displayed both in numbers and words, underscoring the extreme inflationary environment.
Historical Significance: Issued in 1946, the 100,000 B-Pengő note was among the highest denominations in the B-Pengő series, which itself was introduced as a desperate measure to combat the hyperinflation that followed Hungary’s war-torn economy. At the height of the crisis, the Pengő’s value was plummeting at an unprecedented rate, requiring the printing of increasingly larger denominations. The astronomical value of this banknote—100 Quadrillion Pengő—is a stark reminder of the economic collapse that resulted in Hungary eventually replacing the Pengő with the Forint later that year.
Collector's Value: This 100,000 B-Pengő note, graded PMG 64 Choice Uncirculated (CU), is a remarkable piece for collectors due to its high denomination, rarity, and excellent condition. The "Choice Uncirculated" grade indicates a well-preserved note with sharp edges, vivid coloring, and minimal signs of handling, enhancing its appeal to numismatists. As one of the highest-denomination banknotes from Hungary’s hyperinflation period, it holds great historical significance and remains a sought-after item for those specializing in hyperinflation currency or post-World War II economic artifacts.
