Description:
This 1 pengő coin, minted in 1926, belongs to the early years of post–World War I Hungary — a nation rebuilding after the collapse of the Austro-Hungarian Empire. On the obverse, the coin bears the Hungarian coat of arms with the Holy Crown of St. Stephen, symbolizing the nation’s Christian heritage and sovereignty. The reverse features the denomination surrounded by elegant laurel branches, a common decorative motif of the interwar period.

Historical Insight:
Introduced in 1925, the pengő replaced the hyperinflated korona as part of Hungary’s major monetary reform. The 1926 issue reflects the government’s effort to stabilize the economy and restore public confidence after years of turmoil and territorial losses following the Treaty of Trianon (1920).
This was a time of national recovery, when Hungary sought to reaffirm its cultural identity and economic independence under the regency of Miklós Horthy.

Collecting Note:
Early pengő coins like this one are treasured by collectors for their historical depth and fine craftsmanship. The 1926 issue — being one of the first in the new monetary system — marks the symbolic rebirth of Hungary’s economy and remains a sought-after piece for those tracing Central Europe’s turbulent 20th century.