9/5/2023 0 Comments 5 pengo 1938![]() ![]() Though prices are reasonable, you may still have to hunt for some time before a decent specimen pops up for purchase. Fortunately for collectors, interest and demand for Hungarian coins has traditionally been non-existent and this small demand has kept prices very reasonable. ![]() Even the 1938 issue with a mintage of only 50 examples commands a price of $950 in BU. To the contrary of the low mintages, examples in AU can be had for around $15 and BU examples for around $25. General Market NotesĪnyone not familiar with Hungarian coins would look at the mintages and believe that these are rare coins with astronomical prices. The 5 Pengo was minted in Budapest Hungary in 1938 to commemorate the 900th Anniversary of the death of Saint Stephen (Stephan) who is regarded as Hungarys greatest King and to some the first true King of Hungary. Yet, given their proximity between Germany and Russia, and the popularity of communism and fascism during these times makes for a fascinating story defining Hungary’s ability to maintain independence and survival during these tumultuous times. Hungary’s role in WWII was as an ally to Germany. ![]() The second note of historical interest is the more obvious one as this is a WWII era coin. "An Admiral without a navy in charge of a kingdom without a King” After these events Horthy was commonly referred to as: Instead, government officials elected Admiral Horthy as Regent. Additionally, after the formation of Hungary and the supression of a communist uprising, Hungary re-established the Hungarian Kingdom and elected not to recall Charles IV as King. The first interesting piece here is that after WWI the Austro-Hungarian Empire (Horthy served as an Admiral in the Austro-Hungarian fleet) was broken up and Hungary became a landlocked nation. On the obverse we have a portrait of Admiral Miklos Horthy, the Regent and leader of Hungary from 1920 to 1944. The Hungarian 5 Pengo is a beautiful example of 20th Century European silver coinage that anyone would be pleased to have in a type set.īesides being Hungary's last large silver circulating coin during the Regency Coinage era, what truly makes this coin attractive is the interesting history associated with the coin. Unique Features: Smooth Ornamental Edge Introduction What is the value of a 1938 D buffalo nickel Average value is 3.00-5.00 for most coins, 1938 was the last year of issue and all were struck at the Denver Mint. Silver Content: 0.640 silver, 0.5145 ounces ![]()
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