1946 HUNGARY 100 Million B-PENGO Banknote (100 Quintillion) PMG 64CU VERY RARE P-136 Hyperinflation 1946 UNC
The 1946 Hungary 100 Million B-Pengő banknote (equivalent to 100 Quintillion in standard Pengő), catalogued as P-136, is an extraordinary artifact from the height of Hungary’s post-war hyperinflation. This specific note is graded PMG 64 Choice Uncirculated (CU), making it a very rare and sought-after collectible for currency enthusiasts, especially in such pristine condition.
Design and Features: This remarkable note features detailed engravings typical of Hungary’s intricate post-war banknote designs. The front side prominently displays a striking portrait of a woman dressed in traditional Hungarian attire, framed by elaborate floral and geometric patterns. The reverse continues with intricate design elements, displaying classic Hungarian motifs and fine detailing, which were hallmarks of this hyperinflation era. Printed in vibrant shades of green and brown, the note stands out for its bold use of color, despite the economic turmoil it represents.
Historical Significance: The 100 Million B-Pengő note is one of the highest denominations ever issued globally, as Hungary’s economy spiraled into hyperinflation following World War II. At the time, the Pengő was devaluing so rapidly that new, astronomical denominations were printed weekly. This note reflects the country’s extreme economic conditions, where the currency became virtually worthless. The Hungarian government eventually replaced the Pengő with the Forint to stabilize the economy, making the B-Pengő series a poignant reminder of one of the worst hyperinflationary episodes in history.
Collector's Value: The combination of its high denomination, PMG 64 CU grade, and historical importance makes this note an exceptional piece for collectors. Its "Choice Uncirculated" grade signifies that the note remains in excellent condition, with only minor imperfections typical of new banknotes. As an extremely rare example from one of the most infamous hyperinflationary periods, this 100 Million B-Pengő note holds immense value in the numismatic community, especially in this pristine condition.
