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Location: Fargo, North Dakota
Ships to: US,
Item: 196689067640

Return shipping will be paid by:Seller
All returns accepted:Returns Accepted
Item must be returned within:60 Days
Refund will be given as:Money back or replacement (buyer’s choice)
Circulated/Uncirculated:Uncirculated
Type:Banknotes
Year:1944
Certification Number:2192176-041
Country:Hungary
Grade:40
Country/Region of Manufacture:Hungary
Certification:PMG

Hungary 20 Pengo 1944 | Pick# M6b | Russian Occupation | PMG 40 Extremely Fine | Rare WWII-Era Banknote This listing features a Hungary 20 Pengo banknote from 1944, cataloged as Pick# M6b, graded PMG 40 Extremely Fine (XF). This rare and historically significant banknote was issued during the Russian occupation of Hungary in the final years of World War II, representing a critical moment in Hungary’s economic and political history. With only 41 examples of this issue graded higher by PMG, this note is a valuable piece for collectors and investors alike. Key Features: •Denomination: 20 Pengo•Year: 1944•Country: Hungary•Pick Number: M6b•Condition: PMG 40 Extremely Fine (XF) – minimal signs of circulation wear, with strong paper quality, vibrant colors, and crisp design details.•Rarity: With only 41 examples graded higher by PMG, this note is a rare collectible, especially in such well-preserved condition. Collectibility and Appeal: This Hungary 20 Pengo (Pick# M6b) is an important collectible from the period of Russian occupation during World War II. The note was issued in 1944, a year marked by Soviet advances into Hungary and significant political upheaval. As part of the occupation series, this banknote offers a tangible connection to Hungary’s transition from Nazi control to Soviet influence. The PMG 40 XF grade ensures that this note has retained much of its original detail and color, making it a valuable addition to collections focused on WWII-era banknotes and occupation currency. Why Collect This 20 Pengo Russian Occupation Banknote? •Historical Significance: Issued during the tumultuous period of Soviet occupation in Hungary, this 20 Pengo note reflects the country’s economic instability and political changes as the Red Army advanced into Central Europe during the final stages of World War II.•Rarity: With only 41 examples graded higher by PMG, this note is particularly rare, especially in such a well-preserved Extremely Fine (XF) condition. Its scarcity adds significant value to any collection of WWII-era or occupation currency.•Investment Potential: As more collectors focus on historical banknotes from World War II and occupation periods, this Russian occupation 20 Pengo note offers strong investment potential due to its rarity, historical importance, and high grade. Additional Details: •Perfect for Collectors: Whether you specialize in Hungarian currency, WWII-era banknotes, or Soviet occupation collectibles, this note is an essential addition to any collection.•High-Grade Condition: With a PMG 40 Extremely Fine grade, this note has retained its sharp details, clear serial numbers, and strong color contrast, making it an attractive collectible. Don’t Miss Out! This Hungary 20 Pengo 1944 (Pick# M6b) Russian Occupation PMG 40 Extremely Fine is a rare opportunity to own a piece of World War II Hungarian history. With only 41 examples graded higher by PMG, this note is a scarce and valuable item for collectors of WWII-era occupation currency. Bid now to secure this rare and collectible banknote for your collection! Journey Into Hungarian Russian Occupation Banknote Collecting and Investing: 1944 The year 1944 marked a pivotal period in Hungary’s history as Soviet forces occupied the country during the final stages of World War II. This era, known as the Hungarian Russian Occupation, left a lasting impact not only on the political landscape but also on the country’s currency. Collecting Hungarian banknotes from the Russian occupation of 1944 offers a unique glimpse into the tumultuous times, where shifting control, economic instability, and the beginning of Soviet influence shaped Hungary’s post-war era. For collectors and investors, the banknotes from this period are valuable both for their historical significance and their rarity. In this guide, we’ll explore the journey into Hungarian Russian Occupation banknote collecting, highlight key issues, and discuss their potential as long-term investments. Why Collect Hungarian Russian Occupation Banknotes? 1.Historical Significance: The banknotes issued during the Soviet occupation of Hungary in 1944 reflect one of the most volatile periods in European history. With Soviet forces in control of Hungary, the country underwent a complete political, social, and economic transformation, which is captured through these unique currency issues.2.Rarity and Scarcity: Many of the banknotes from the 1944 Russian occupation were issued for short periods or in limited numbers due to the instability in Hungary at the time. This makes them rarer and harder to find, especially in higher grades.3.Transition from Nazi Occupation to Soviet Control: In 1944, Hungary was transitioning from Nazi influence to Soviet domination, and the currency reflects this change. The combination of political upheaval and hyperinflation in the following years makes these banknotes highly desirable for collectors of WWII-era or occupation currency.4.Investment Potential: Due to their scarcity and historical context, Hungarian Russian Occupation banknotes from 1944 are increasingly sought after by collectors and investors. As demand for rare WWII-era notes grows, these banknotes offer long-term investment potential. Key Themes in Hungarian Russian Occupation Banknotes 1.Transition from Pengő to Forint:Hungary’s currency during the Soviet occupation was still the Pengő, but the country was facing mounting hyperinflation as World War II drew to a close. Banknotes from this period showcase the start of inflationary pressures that would lead to the eventual replacement of the Pengő with the Forint in 1946. The 1944 Pengő notes, often featuring Soviet symbols or political motifs, are reflective of Hungary’s shift toward Soviet influence.2.Hyperinflation Notes:While true hyperinflation peaked after 1944, the seeds of it were sown during the occupation. Collectors can find high-denomination Pengő banknotes from this period that foreshadow the massive inflation Hungary would face by 1945-1946. These notes offer both a historical and economic narrative, illustrating the effects of war and occupation on the nation’s economy.3.Soviet Influence in Design:Soviet occupation brought with it a change in the iconography of Hungary’s currency. Earlier banknotes depicted national heroes and Hungarian symbols, but occupation notes began incorporating Soviet imagery, such as workers, soldiers, and socialist motifs, signaling Hungary’s forced alignment with the USSR.4.War-Era Emergency Issues:Banknotes from the Russian occupation period often show signs of being hastily produced under wartime conditions. This includes lower-quality printing or emergency issues printed locally in occupied areas. These emergency issues are particularly valuable due to their scarcity and the circumstances under which they were created. Notable 1944 Hungarian Russian Occupation Banknotes 1.Pengő Notes with Soviet Overprints:One of the most interesting aspects of Hungarian banknotes from the Soviet occupation is the overprints added to existing Pengő notes. These overprints were often used to assert Soviet control or to issue emergency currency during the occupation.2.High-Denomination Inflationary Pengő:By late 1944, Hungary was experiencing inflation due to the war, and high-denomination Pengő notes were printed to keep up with rising prices. Collectors often seek out these high-denomination notes, such as the 1000 Pengő or 10,000 Pengő, issued toward the end of the war.3.Emergency Local Currency:Some regions of Hungary, particularly those under immediate Soviet military control, issued local emergency currency. These notes are extremely rare and offer collectors a tangible piece of history from a brief but important period. Collecting and Investing in Hungarian Russian Occupation Banknotes 1.Focus on Condition and Rarity:As with most historical banknotes, condition plays a major role in the value of Hungarian Russian Occupation notes. Look for well-preserved, high-grade notes, preferably graded by a professional service like PMG or PCGS. Notes in UNC (Uncirculated) or Choice Very Fine (CVF) condition are particularly desirable.2.Rarity of Overprints:Overprinted banknotes from the Soviet occupation can be particularly scarce. These notes were often used in limited quantities or for a brief period, making them more difficult to find. High-quality overprint notes hold significant value in the collector’s market.3.Historical Value:Collectors are increasingly drawn to notes that offer historical significance. Banknotes that clearly depict the Soviet influence, transition of power, or emergency issues created during occupation will always be in demand, especially as interest in WWII memorabilia grows.4.Diversify Your Collection:To build a robust collection, consider acquiring a range of notes from the period, including both standard Pengő notes and emergency issues. Incorporating a mix of high-denomination hyperinflation notes, Soviet-overprinted notes, and locally issued currency will provide a comprehensive view of Hungary’s economic history during this time. Essential Keywords for Search Optimization: •Hungarian Russian Occupation banknotes•1944 Hungarian banknotes•WWII-era Hungarian currency•Soviet occupation banknotes•Hyperinflation Pengő notes•Hungary emergency issues 1944•Soviet overprint banknotes Hungary•PMG-graded Hungarian banknotes•Rare WWII-era banknotes•Investment in historical banknotes Final Thoughts on Collecting Hungarian Russian Occupation Banknotes The 1944 Hungarian Russian Occupation banknotes offer a fascinating window into a time of great upheaval. For collectors and investors, these banknotes are prized for their historical significance, scarcity, and the vivid stories they tell about Hungary’s transition from Nazi control to Soviet occupation. Whether you’re seeking high-denomination hyperinflation notes, rare Soviet-overprinted currency, or emergency local issues, these notes provide an exciting collecting and investment opportunity. As more collectors become aware of the value of Hungarian WWII-era banknotes, these items are likely to appreciate in value, making them not only a fascinating addition to any collection but also a wise long-term investment. Journey Into Hungarian Banknote Collecting and Investing: Pre-1946 Era Collecting and investing in Hungarian banknotes from the pre-1946 era offers a unique opportunity to explore a rich and complex history. Hungary’s banknotes from this period reflect the country’s political, social, and economic challenges, particularly in the wake of World War I, the interwar years, and World War II. For collectors and investors, these notes not only provide artistic and historical value but also hold significant investment potential as demand grows for rare and well-preserved examples. Why Collect Pre-1946 Hungarian Banknotes? 1.Historical Significance: Hungary’s pre-1946 banknotes are deeply tied to key historical events, including the dissolution of the Austro-Hungarian Empire after World War I, the rise of inflation in the interwar period, and the devastation of World War II. These notes offer a tangible link to these transformative moments in Hungarian and European history.2.Rarity: Many pre-1946 Hungarian banknotes are becoming increasingly rare, especially in high grades. With hyperinflation and the frequent changes in currency designs, finding well-preserved notes from this period adds significant value to a collection.3.Artistic Appeal: Hungarian banknotes from the early 20th century are known for their intricate designs, vibrant colors, and fine engraving. The artistry reflects both national pride and the influence of various European artistic movements, making them not only valuable historical items but also aesthetically pleasing.4.Investment Potential: As the interest in world banknote collecting continues to grow, pre-1946 Hungarian banknotes offer strong investment potential. Rarity, historical context, and condition drive their value, with certain issues commanding high prices at auctions. Key Themes in Pre-1946 Hungarian Banknotes 1.Post-Austro-Hungarian Empire (1919-1920):After the end of World War I and the dissolution of the Austro-Hungarian Empire, Hungary began issuing its own banknotes under the newly formed Hungarian government. These early notes, issued by the Hungarian National Bank, reflect the early years of independence and the struggle to stabilize the economy.•Notable Issues: The 1920 Korona notes, including 500 and 1000 Korona banknotes, are highly sought after for their historical value and elaborate designs.2.Interwar Period (1920s-1930s):The 1920s and 1930s were characterized by a fragile political landscape, economic challenges, and increasing nationalism. During this time, Hungary issued notes in the Pengő currency, which replaced the Korona in 1927. The Pengő era is marked by beautiful, high-denomination notes and rising inflation.•Notable Issues: The early Pengő banknotes (10, 50, 100, and 1000 Pengő notes) showcase Hungary’s artistic heritage, with intricate portraits, landscapes, and national symbols.•Inflationary Notes: As the economy became increasingly unstable, higher denomination notes were printed to reflect inflationary pressures, such as the 10,000 Pengő and 100,000 Pengő issues.3.World War II and Hyperinflation (1940-1946):The period following World War II saw Hungary grappling with extreme hyperinflation—the largest the world had ever seen. The Pengő became nearly worthless, and the Milpengő and Adópengő were introduced in the later stages of the war and post-war recovery efforts. These notes, some printed with denominations as high as 100,000,000,000,000 Pengő, serve as stark reminders of the economic turmoil of the time.•Notable Issues: The Pengő hyperinflation notes from 1945-1946, including the 100 Million Bilpengő and the Billion Milpengő, are particularly fascinating and rare in uncirculated condition.4.Transition to the Forint (1946):In 1946, the Forint was introduced to replace the hyperinflated Pengő, marking the beginning of economic stabilization. The early Forint notes are significant for collectors as they represent Hungary’s post-war recovery and the birth of the modern Hungarian economy.•Notable Issues: Early Forint banknotes from 1946, such as the 10 Forint and 100 Forint issues, are particularly valuable in high grades due to their historical context. Investment Tips for Pre-1946 Hungarian Banknotes 1.Focus on Condition: As with all banknotes, condition is a major factor in determining the value of pre-1946 Hungarian notes. Look for uncirculated (UNC) or choice very fine (CVF) notes, as these tend to fetch higher prices at auction. Notes graded by reputable services like PMG or PCGS are especially desirable.2.Scarcity and Demand: Certain high-denomination Pengő notes, especially from the hyperinflation period, are rare and increasingly in demand. Collectors should focus on notes with low print runs or those that were used for a very short period.3.Historical Context: Banknotes with significant historical ties, such as those issued during hyperinflation or before major political changes, tend to appreciate in value due to their connection to important events.4.Diverse Collection: A well-rounded Hungarian banknote collection might include a variety of denominations and periods, from the post-Austro-Hungarian era to the hyperinflation and early Forint notes. A mix of rarities and aesthetically appealing pieces adds depth and potential future value to your collection. Essential Keywords for Hungarian Banknote Collecting: •Pre-1946 Hungarian banknotes•Hungarian Pengő currency•Hungarian Korona notes•Hungary hyperinflation notes•Pengő and Milpengő banknotes•WWII-era Hungarian banknotes•Historical Hungarian currency•Austro-Hungarian banknotes•PMG-graded Hungarian banknotes•Rare Hungarian currency for investment Final Thoughts on Hungarian Banknote Collecting The world of pre-1946 Hungarian banknotes offers rich historical and investment opportunities. Whether you’re fascinated by the hyperinflation period, captivated by the artistry of early Hungarian currency, or interested in post-war recovery, collecting these banknotes brings a sense of connection to Hungary’s dynamic past. With proper research, a focus on condition, and an eye for historical significance, collectors can build valuable and meaningful collections of Hungarian currency that may also prove to be wise investments. Start your journey into Hungarian banknote collecting and investing today and discover the treasures from one of Europe’s most fascinating eras! _______________________________________________________________________________________________WHAT MAKES BLOC GALLERIES SPECIALOur Team: At the heart of Bloc Galleries is a belief: no great endeavor is ever accomplished without extraordinary people. We’re not just employees doing a job. Like you, we are avid collectors bound by a deep-rooted passion for the world of collecting. Every artifact and every note has a story, and we are as invested in discovering and sharing these tales as you are. It’s not just about the hours we pour in but the energy, dedication, and sacrifices we willingly make. Our greatest rewards? The smiles, the thrill, the awe of our clients. Yes, we’re human, and we might falter at times, but our commitment to improve and to serve you better never wanes. Every day, we strive to be a part of your collecting journey, ensuring it’s as thrilling and fulfilling as you dreamed.Vast Acquisitions, Unbeatable Pricing: Every quarter, we purchase tens of thousands of banknotes, leveraging our extensive global network of relationships and resources to access inventory unavailable to the public. This volume allows us to offer quality banknotes below market prices.Authentic Discovery: Our streamlined team has limited weekly time to bundle auction lots based on potential appeal rather than cataloging and pricing individual issues. Our auctions frequently feature high-grade, unsearched currency lots brimming with hidden treasures that continually astonish our customers.Customer-Friendly Bidding: Every auction starts with a low opening bid and no reserve pricing. It’s a transparent, exciting way to nab the best deals.Simplified Shipping: Whether you purchase one item or 25, our flat shipping rate of $6.50 ensures your treasures reach you safely. And yes, that covers combined shipping for multiple wins!Value-Driven Approach: Our continuous, large-scale acquisitions mean deep savings for our clients.The Thrill of the Chase: We don’t pre-screen or overly catalog. Here, every bid holds the promise of discovery. Our long-time bidders can attest to unearthing true gems and securing exceptional value. Join us in this thrilling hunt. Whether you’re a seasoned collector or just starting, our weekly auctions are your gateway to unparalleled deals. Ready to start your collecting adventure?______________________________________________________________________________________________ OUR MONEY-BACK GUARANTEEAt Bloc Galleries, we specialize in offering the finest collectibles and treasures backed by our exceptional team of clients. Our unyielding commitment to your satisfaction and our expert staff stands ready to make your experience with Bloc Galleries outstanding. Purchasing online collectibles can be subjective, meaning photos sometimes need to meet our client’s expectations or interpretation. So many variables come into play with antique, vintage, and collectible items that we understand that anything not precisely as expected can be returned for any reason due to this unique nature. We process tens of thousands of items annually, and occasionally, mistakes happen with listing numbers, lots, photos, or other weird stuff. When that occurs, we always try to provide a substitute for a better grade or condition for the same or reduced price. We have successfully made those situations a win-win opportunity for both the customer and our gallery, so please don’t worry about an item that might not be as expected. We will make it right. If not wholly pleased, receive a full refund, including return shipping, at our expense. Please contact us (eBay, phone, or text) before posting feedback; this allows us to perform and make things right. SHIPPING & HANDLING We carefully package and ship out twice weekly; our offices are closed on weekends and holidays. We typically see short delivery times because we are in the central part of the United States. The buyer’s confirmed address must be shipping from Fargo, North Dakota, via FedEx, USPS, and UPS PO Boxes—extra shipping for Alaska, Hawaii, Puerto Rico, Guam, or other US territories. We are tracking orders over $200. Taxes are charged according to State laws. SHIPPING We offer a “Flat Rate” shipping rate of $6.50, including combined shipping on multiple orders. INTERNATIONAL PURCHASES We typically use eBay’s Global Shipping, and for about 90% of our international clients, the rate has been averaging around $14. If it’s significantly higher, we will generally contact you and let you know. Combined orders receive a quoted rate, and we do not provide free shipping on international orders. Check eligibility due to customs and regulations; international returns are not accepted. ALL UNPAID ORDERS AUTOMATICALLY CANCELED AFTER 5 DAYS Thank you for choosing Bloc Galleries, where your satisfaction is our mission. Feel free to reach out with any questions or concerns; we look forward to serving you! DID YOU SEE CATS LAST NIGHT? In the quiet corners of Bloc Galleries, where history whispers from each collectible, two enigmatic felines hold court. Gertrude, with her elegant white coat, and Pete, ‘The Man Cat’, in his tuxedo attire, materialize each evening as the sun dips below the horizon. No one knows where they hail from, maybe an alternative universe but their vigilant eyes never miss a detail. At precisely 3:33 AM, under the soft glow of the moon, an extraordinary event unfolds. For a fleeting 15 minutes, they speak. Yes, speak! With articulate English accents, they offer a running commentary on the day’s work, sparing no one from their sharp, albeit humorous, observations on our numismatic endeavors. “Another misaligned watermark?” Gertrude would quip, her tail flicking with amusement. Pete, ever the diplomat, might chime in, “Splendid effort on the cataloging, though, truly!” Their critiques, always laced with wit, leave us in chuckles and chagrins alike. But as the clock ticks towards 4:00 AM, their words fade into the ether, and the memory of their eloquence evaporates like mist. By 5:00 AM, they are but silent sentinels once again, and with the first light of dawn, they vanish, leaving behind just a hint of their presence in photos they’ve graced. Legend now has it that Gertrude and Pete are the guardians of good fortune at Bloc Galleries. They watch over the collections, ensuring each piece carries with it a sprinkle of their mystical charm. For those who happen upon their image nestled within the listings, take it as a sign: the cats approve, and so may luck favor your bids. They admire the pretty pictures and revel in the grand tales spun by the currencies of old, and in their peculiar way, they extend their good will to all our customers, whispering of fortunes yet to come. If you win this auction and send us a message about the felines will send a special gift from Pete. He always has a great eye

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