1950 Greece 50,000 Drachmai & 1946 Hungary 100,000,000 B.-Pengö Banknote Set PMG 40 EF/55 AU

1950 Greece 50,000 Drachmai & 1946 Hungary 100,000,000 B.-Pengö Banknote Set PMG 40 EF/55 AU

Set Overview

A rare paired offering of two high-denomination, post-war inflation notes—certified and encapsulated by PMG—showcasing Greece’s and Hungary’s most dramatic monetary crises.

Note 1: 1950 Greece, Bank of Greece – 50,000 Drachmai (Pick 185a)

Certification & Grade
PMG 40 Extremely Fine, holder 2004504-001

Historical Context
Issued December 1, 1950, as Greece struggled with post–World War II reconstruction and rampant inflation, this 50,000 drachmai note exemplifies the economic turmoil that preceded the currency reforms of the mid-1950s.

Design & Features

• Obverse: Bust of Apollo in classical style, flanked by Corinthian pilasters.

• Reverse: Temple of Poseidon at Cape Sounion, rendered in olive-brown tones.

• Security: Apollo’s head watermark, microprinted guilloché, and sunburst rosette embossing.

Note 2: 1946 Hungary, National Bank – 100,000,000 B.-Pengö (Pick 136)

Certification & Grade
PMG 55 About Uncirculated, holder 2004504-037

Historical Context
Dated June 3, 1946, amid the worst hyperinflation in history, the 100 million B.-pengő bill marks Hungary’s final stages before replacing the pengő with the forint later that year.

Design & Features

• Obverse: Portrait of a young Hungarian woman in folk dress, within floral scrollwork.

• Reverse: Majestic Hungarian Parliament on the Danube, engraved in deep ultramarine.

• Security: Dual-tone serials, intricate guillochés, and fine-line border patterns.

Collector’s Value

Together, these PMG-graded gems capture two of Europe’s most extreme inflationary episodes. Their high denominations, classic iconography, and certified preservation make this duo a centerpiece for any specialist in post-war and hyperinflationary paper money.