Coins of the Hungarian forint


Coins of the Hungarian forint

Hungarian forint coins (Hungarian: forint érmék) are part of the physical form of current Hungarian currency, the Hungarian forint. Modern forint coins (this name is used to distinguish them from pre-20th century forint coinage) are stroke since 1946 and reflect the changes of the post-WWII Hungarian history.

Contents

Republic issues (1946-1948)

After the trauma of the Second World War and the hyperinflation of the pengő the Hungarian government had to face the problems of introducing a new currency. In the case of coins this meant that they had to express stability and raise confidence in the people toward the new money. The first coins minted in 1946 were made of copper alloys in the case of the fillér coins and aluminium in the case of the 1 & 2 forint coins. Although the forint was based on gold standard, only silver coins were minted in the first 2 years: 5 forint coins made of good quality silver were put into circulation. However, the government fear of hoarding these coins convinced the national bank to lower the mass and quality of silver used for the 1947 strike. Finally, no silver 5 forint coins were minted for general circulation after 1947. The 5 & 50 fillér coins were first minted in 1948 and were made of aluminium.

Commemorative coins appeared early, the first being a series of 3 coins in 1948 to commemorate the centennial of the 1848 revolution.

Republic issues - regular
Image Value Technical parameters Description Date of
Obverse Reverse Diameter Thickness Mass Composition Edge Obverse Reverse first minting issue withdrawal lapse
HUFf 2 1946 obverse.JPG HUFf 2 1946 reverse.JPG 2 f 17.0 mm 1.7 mm 3.0 g Brass
85% copper
15% zinc
Smooth "MAGYAR ÁLLAMI VÁLTÓPÉNZ" 1, year of minting, "Kossuth" coat of arms Value, mintmark 1946 1 November 1946 30 June 1977 31 December 1977
HUFf 5 1948 obverse.JPG HUFf 5 1948 reverse.JPG 5 f 17.0 mm 1.4 mm 0.6 g Aluminium Smooth "MAGYAR KÖZTÁRSASÁG" 2, year of minting, young female model Value, mintmark 1948 30 January 1948 30 September 1992 31 December 1993
HUFf 10 1946 obverse.JPG HUFf 10 1946 reverse.JPG 10 f 19.1 mm 1.5 mm 3.0 g Aluminium bronze
92% copper
8% aluminium
Milled "MAGYAR ÁLLAMI VÁLTÓPÉNZ", year of minting, Dove carrying an olive branch Value, mintmark 1946 1 November 1946 30 June 1977 31 December 1977
HUFf 20 1946 obverse.JPG HUFf 20 1946 reverse.JPG 20 f 21.0 mm 1.6 mm 4.0 g "MAGYAR ÁLLAMI VÁLTÓPÉNZ", year of minting, 3 ears of wheat
HUFf 50 1948 obverse.JPG HUFf 50 1948 reverse.JPG 50 f 22.0 mm 1.6 mm 1.4 g Aluminium Smooth "MAGYAR KÖZTÁRSASÁG", year of minting, man sitting on an anvil with a hammer Value, mintmark 1948 5 May 1948 30 June 1972 30 June 1973
HUFcoin 1 1946 obverse.JPG HUFcoin 1 1946 reverse.JPG 1 Ft 23.7 mm 1.6 mm 1.5 g Milled "MAGYAR ÁLLAMI VÁLTÓPÉNZ", mintmark, "Kossuth" coat of arms Value, year of minting 1946 1 November 1946 31 August 1951 31 March 1952
HUFcoin 2 1946 obverse.JPG HUFcoin 2 1946 reverse.JPG 2 Ft 28.0 mm 2.0 mm 2.8 g "MAGYAR KÖZTÁRSASÁG", mintmark, "Kossuth" coat of arms 31 December 1951 31 December 1952
HUFcoin 5 1946 obverse.JPG HUFcoin 5 1946 reverse.JPG 5 Ft 32.0 mm 2.9 mm 20.0 g 835 silver "MUNKA A NEMZETI JÓLÉT ALAPJA" 3 "MAGYAR KÖZTÁRSASÁG", mintmark, year of minting, value, "Kossuth" coat of arms "1802-1894 KOSSUTH", Lajos Kossuth 30 June 1977 31 December 1977
HUFcoin 5 1947 obverse.JPG HUFcoin 5 1947 reverse.JPG 5 Ft 1.9 mm 12.0 g 500‰ silver "M Á P V" 4 and ornaments 1947 19 May 1947
Republic issues - commemorative
HUFcoin 5 1948 szabharc obverse.JPG HUFcoin 5 1948 szabharc reverse.JPG 5 Ft 32.0 mm 1.9 mm 12.0 g 500‰ silver "ESKÜSZÜNK ESKÜSZÜNK" 5 "MAGYAR KÖZTÁRSASÁG", value, year of minting, mintmark "PETŐFI SÁNDOR 1848-49", Sándor Petőfi 1948 1 May 1948 30 June 1977 31 December 1977
HUFcoin 10 1948 szabharc obverse.JPG HUFcoin 10 1948 szabharc reverse.JPG 10 Ft 36.0 mm 2.5 mm 20.0 g "A LEGNAGYOBB MAGYAR EMLÉKÉRE" 6 "MAGYAR KÖZTÁRSASÁG", value, year of minting, mintmark "SZÉCHENYI ISTVÁN 1848-49", István Széchenyi
HUFcoin 20 1948 szabharc obverse.JPG HUFcoin 20 1948 szabharc reverse.JPG 20 Ft 40.0 mm 2.8 mm 28.0 g Ornament "MAGYAR KÖZTÁRSASÁG", value, year of minting, mintmark, "Kossuth" coat of arms "TÁNCSICS MIHÁLY 1848", Mihály Táncsics
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

People's Republic issues (1949-1989)

In 1949 the communist party took power in every field of politics and economy. The country's name was changed to Hungarian People's Republic (Magyar Népköztársaság) which replaced the former name on the coins. The Kossuth's coat of arms was replaced with the Rákosi's one (see: coat of arms of Hungary). The 2, 10 and 20 fillér coins were made of aluminium after 1950.

As a consequence of the Hungarian Revolution of 1956 the coat of arms was changed again, this version was used from 1957 until 1989.

People's Republic issues - regular
Image Value Technical parameters Description Date of
Obverse Reverse Diameter Thickness Mass Composition Edge Obverse Reverse first minting issue withdrawal lapse
HUFf 2 1963 obverse.JPG HUFf 2 1963 reverse.JPG 2 f 18.0 mm 1.1 mm 0.65 g Aluminium Smooth "MAGYAR NÉPKÖZTÁRSASÁG" 7, year of minting Value, mintmark 1950 27 March 1950 30 September 1992 31 December 1993
HUFf 5 1965 obverse.JPG HUFf 5 1965 reverse.JPG 5 f 17.0 mm 1.4 mm 0.6 g Aluminium Smooth "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, young female model 1953 31 March 1953
HUFf 10 1950 obverse.JPG HUFf 10 1950 reverse.JPG 10 f 19.1 mm 1.4 mm 0.85 g Aluminium Milled "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, Dove carrying an olive branch 1950 15 December 1950 30 September 1996 31 December 1997
HUFf 10 1976 obverse.JPG HUFf 10 1976 reverse.JPG 10 f 18.5 mm 1.2 mm 0.6 g 96% aluminium
4% magnesium
Smooth 1967 12 May 1967
HUFf 20 1961 obverse.JPG HUFf 20 1961 reverse.JPG 20 f 21.0 mm 1.6 mm 1.25 g Aluminium "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, 3 ears of wheat 1953 31 March 1953
HUFf 20 1987 obverse.JPG HUFf 20 1987 reverse.JPG 20 f 20.4 mm 1.4 mm 0.9 g 96% aluminium
4% magnesium
Milled 1967 12 May 1967
HUFf 50 1966 obverse.JPG HUFf 50 1966 reverse.JPG 50 f 22.0 mm 1.6 mm 1.4 g Aluminium Smooth "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, man sitting on an anvil with a hammer 1953 31 March 1953 30 June 1972 30 June 1973
HUFf 50 1987 obverse.JPG HUFf 50 1987 reverse.JPG 50 f 21.5 mm 1.2 g 96% aluminium
4% magnesium
"MAGYAR NÉPKÖZTÁRSASÁG", Erzsébet Bridge Value, year of minting, mintmark 1967 12 May 1967 30 September 1999 30 September 2000
HUFcoin 1 1949 obverse.JPG HUFcoin 1 1949 reverse.JPG 1 Ft 23.7 mm 1.6 mm 1.5 g Aluminium Milled "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, "Rákosi" coat of arms Value, mintmark 1949 15 November 1949 30 June 1995 31 December 1995
HUFcoin 1 1966 obverse.JPG HUFcoin 1 1966 reverse.JPG 1 Ft "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, "Kádár" coat of arms 1957 10 October 1957
HUFcoin 1 1989 obverse.JPG HUFcoin 1 1989 reverse.JPG 1 Ft 22.8 mm 1.8 mm 1.4 g 96% aluminium
4% magnesium
1967 12 May 1967
HUFcoin 2 1952 obverse.JPG HUFcoin 2 1952 reverse.JPG 2 Ft 25.0 mm 1.4 mm 5.0 g Cupronickel
75% copper
25% nickel
Ornaments "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, "Rákosi" coat of arms 1950 20 January 1950 30 June 1971 30 June 1972
HUFcoin 2 1960 obverse.JPG HUFcoin 2 1960 reverse.JPG 2 Ft "MAGYAR NÉPKÖZTÁRSASÁG", year of minting, "Kádár" coat of arms 1957 10 October 1957
HUFcoin 2 1965 obverse.JPG HUFcoin 2 1965 reverse.JPG 2 Ft 58% copper
18% nickel
24% zinc
1962 9 December 1962
HUFcoin 2 1977 obverse.JPG HUFcoin 2 1977 reverse.JPG 2 Ft 22.4 mm 1.6 mm 4.44 g Brass
72% copper
28% zinc
Smooth "MAGYAR NÉPKÖZTÁRSASÁG", "Kádár" coat of arms Value, year of minting, mintmark 1970 1 July 1970 30 June 1995 31 December 1995
HUFcoin 5 1967 obverse.JPG HUFcoin 5 1967 reverse.JPG 5 Ft 27.5 mm 1.7 mm 7.4 g 60% copper
21% nickel
19% zinc
Milled "MAGYAR NÉPKÖZTÁRSASÁG", mintmark, year of minting, value, "Kádár" coat of arms "1802-1894 KOSSUTH", Lajos Kossuth 1967 12 May 1967 30 June 1972 30 June 1973
HUFcoin 5 1979 obverse.JPG HUFcoin 5 1979 reverse.JPG 5 Ft 24.3 mm 1.7 mm 5.73 g Nickel "MAGYAR NÉPKÖZTÁRSASÁG" "KOSSUTH", Lajos Kossuth Value, mintmark, year of minting, "Kádár" coat of arms 1971 2 August 1971 30 June 1995 31 December 1995
HUFcoin 5 1989 obverse.JPG HUFcoin 5 1989 reverse.JPG 5 Ft 23.4 mm 1.6 mm 5.0 g Cupronickel
75% copper
25% nickel
1983 18 April 1983
HUFcoin 10 1972 obverse.JPG HUFcoin 10 1972 reverse.JPG 10 Ft 28.0 mm 1.9 mm 8.83 g Nickel Ornaments "MAGYAR NÉPKÖZTÁRSASÁG", mintmark, the Liberty Statue in Budapest Value, year of minting, "Kádár" coat of arms 1971 1 June 1971 31 March 1987 31 December 1988
HUFcoin 10 1985 obverse.JPG HUFcoin 10 1985 reverse.JPG 10 Ft 25.4 mm 1.7 mm 6.1 g 92% copper
6% aluminium
2% nickel
Ornaments "MAGYAR NÉPKÖZTÁRSASÁG", mintmark, the Liberty Statue in Budapest Value, year of minting, "Kádár" coat of arms 1983 18 April 1983 30 June 1995 31 December 1995
HUFcoin 20 1989 obverse.JPG HUFcoin 20 1989 reverse.JPG 20 Ft 26.8 mm 1.8 mm 7.06 g Cupronickel
75% copper
25% nickel
Milled "MAGYAR NÉPKÖZTÁRSASÁG", György Dózsa Value, year of minting, mintmark, "Kádár" coat of arms 1982 18 April 1983 30 June 1995 31 December 1995
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

Recent issues (1990-)

In 1992, a new series of coins was introduced with denominations of 1, 2, 5, 10, 20, 50 and 100 forint [1]. Production of the 2 and 5 fillér ceased in 1992, with all fillér coins withdrawn from circulation by 1999. From 1996, a bimetallic 100 forint coin was minted to replace the 1992 version, since the latter was considered to be too big and ugly, and could be easily mistaken with the 20 forint coin.

A 200 forint coin was made of .500 fine silver. From 1994, mass minting of the 200 Ft coin was stopped, since the price of the metal was getting higher than the face value of the coin. However, small issues for collector purposes were minted until 1998, when both the 1992 type 100 forint and the 200 forint coins were withdrawn from circulation.

The 1 forint denomination was illegally exported to Canada in significant amounts, as the tiny coin could be used in place of genuine tokens for entry at the underground railway's automatic gates. Considering the minimal value of 1Ft coins, this was a highly profitable venture that lasted until the machines were reprogrammed.[citation needed] The 50 forint coin is confused with the UK 50 pence coin by some vending machines in the UK.[citation needed]

The 1 and 2 forint coins have been withdrawned on March 1, 2008. This was announced by the Hungarian National Bank in September 2007, because the cost of minting them is too large: approximately 4 times their face value. When paying with cash, the total will have to be rounded to 5 forints. [2] [3]

The National Bank has announced that the 200 forint notes have been replaced with a new 200 forint coin in 2009.[1] The Chain Bridge was chosen in an internet poll between October 13 and October 26, 2008 to be on the coin.[2] The coin entered circulation on 15 June 2009.

Recent issues - regular
Image Value Technical parameters Description Date of
Obverse Reverse Diameter Thickness Mass Composition Edge Obverse Reverse first minting issue withdrawal lapse
HUFf 2 1990 obverse.JPG HUFf 2 1990 reverse.JPG 2 f 18.0 mm 1.1 mm 0.65 g Aluminium Smooth "MAGYAR KÖZTÁRSASÁG", year of minting Value, mintmark 1990 1 April 1990 30 September 1992 31 December 1993
HUFf 5 1990 obverse.JPG HUFf 5 1990 reverse.JPG 5 f 17.0 mm 1.4 mm 0.6 g "MAGYAR KÖZTÁRSASÁG", year of minting, young female model
HUFf 10 1990 obverse.JPG HUFf 10 1990 reverse.JPG 10 f 18.5 mm 1.2 mm 96% aluminium
4% magnesium
"MAGYAR KÖZTÁRSASÁG", year of minting, Dove carrying an olive branch 30 September 1996 31 December 1997
HUFf 20 1990 obverse.JPG HUFf 20 1990 reverse.JPG 20 f 20.4 mm 1.4 mm 0.9 g Milled "MAGYAR KÖZTÁRSASÁG", year of minting, 3 ears of wheat
HUFf 50 1990 obverse.JPG HUFf 50 1990 reverse.JPG 50 f 21.5 mm 1.6 mm 1.2 g Smooth "MAGYAR KÖZTÁRSASÁG", Erzsébet Bridge Value, year of minting, mintmark 30 September 1999 30 September 2000
1fiorinoungherese2002front.jpg HUF 1 1992 reverse.jpg 1 Ft 16.3 mm 1.1 mm 2.05 g 75% copper
21% zinc
4% nickel
Smooth "MAGYAR KÖZTÁRSASÁG", year of minting, coat of arms Value, mintmark 1992 29 March 1993 1 March 2008 1 March 2013
[4] HUF 2 1992 reverse.jpg 2 Ft 19.2 mm 1.5 mm 3.1 g Cupronickel
75% copper
25% nickel
Milled "MAGYAR KÖZTÁRSASÁG", year of minting, Hungarian Colchicum (Colchicum Hungaricum) Value, mintmark 1992 29 March 1993 1 March 2008 1 March 2013
[5] [6] 5 Ft 21.2 mm 1.3 mm 4.2 g 75% copper
21% zinc
4% nickel
Smooth "MAGYAR KÖZTÁRSASÁG", year of minting, Great Egret (Egretta alba) Value, mintmark 1992 21 June 1993 Current
[7] [8] 10 Ft 24.8 mm 1.3 mm 6.1 g Cupronickel
75% copper
25% nickel
Alternately smooth and milled "MAGYAR KÖZTÁRSASÁG", year of minting, coat of arms Value, mintmark 1992 21 June 1993 Current
[9] [10] 20 Ft 26.3 mm 1.9 mm 6.9 g 75% copper
21% zinc
4% nickel
Milled "MAGYAR KÖZTÁRSASÁG", year of minting, Stool Iris (Iris aphylla) Value, mintmark 1992 29 March 1993 Current
[11] [12] 50 Ft 27.4 mm 1.7 mm 7.7 g Cupronickel
75% copper
25% nickel
Smooth "MAGYAR KÖZTÁRSASÁG", year of minting, sitting Saker Falcon (Falco cherrug) Value, mintmark 1992 21 June 1993 Current
HUFcoin 100 1995 obverse.JPG HUFcoin 100 1995 reverse.JPG 100 Ft 29.2 mm 1.9 mm 9.4 g 75% copper
21% zinc
4% nickel
Ornaments "MAGYAR KÖZTÁRSASÁG", year of minting, coat of arms Value, mintmark 1992 21 June 1993 31 December 1998 31 December 1999
[13] [14] 100 Ft 23.8 mm 2.2 mm 8 g Steel
Ring: Ni plated
Center: 75% Cu
25% Zn plated
Milled "MAGYAR KÖZTÁRSASÁG", year of minting, coat of arms Value, mintmark 1996 21 October 1996 Current
HUFcoin 200 1992 obverse.JPG HUFcoin 200 1992 reverse.JPG 200 Ft 32 mm 1.7 mm 12 g 500‰ silver Milled "MAGYAR KÖZTÁRSASÁG", year of minting, value, mintmark, the Széchenyi Chain Bridge, coat of arms The building of the Hungarian National Bank, signatures of its governor and four vice-governors 1992 1 December 1992 3 April 1998 3 April 1999
HUFcoin 200 1994 obverse.JPG HUFcoin 200 1994 reverse.jpg 200 Ft Portrait of Ferenc Deák 1994 29 April 1994
200 Ft Bimetallic Interrupted milled "MAGYAR KÖZTÁRSASÁG", year of minting, Széchenyi Chain Bridge Value, mintmark 2009 15 June 2009
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

Remarks

  1. "MAGYAR ÁLLAMI VÁLTÓPÉNZ" = "Hungarian state token coin" - váltópénz literally means "small change"; here it stands to express that the metal of which the coin is made is worth less than the face value of the coin itself
  2. "MAGYAR KÖZTÁRSASÁG" = "Hungarian Republic"
  3. "MUNKA A NEMZETI JÓLÉT ALAPJA" = "Labour is the ground of national welfare"
  4. "M Á P V" = "Magyar Állami Pénzverde" = "Hungarian State Mint"
  5. "ESKÜSZÜNK ESKÜSZÜNK" = "We vow, we vow" (from the refrain of the Nemzeti dal by Sándor Petőfi)
  6. "A LEGNAGYOBB MAGYAR EMLÉKÉRE" = "To commemorate the greatest Hungarian" (Lajos Kossuth designated István Széchenyi as such)
  7. "MAGYAR NÉPKÖZTÁRSASÁG" = "Hungarian People's Republic"

References

  1. ^ Coins to replace 200 forint banknotes, MNB press release, June 23, 2008
  2. ^ http://www.forint.hu/Engine.aspx (in Hungarian)

Further reading

  • Károly Leányfalusi, Ádám Nagy (1998). Magyarország fém- és papírpénzei 1926-1998 (Coins and paper money of Hungary 1926-1998). Magyar Éremgyűjtők Egyesülete, Budapest. ISBN 963036060233. 


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