8 Filler Banknote Hungary 1925 Saint Stephen I Portrait Pick 81 Crisp EF

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380425353220

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Last updated on 30 Dec, 2012 15:44:08 AEDST View all revisions

Item specifics

Country:	Hungary	Type:	Banknotes
8 Filler Banknote - 1925:	Portrait of Saint Stephen I

Axis Mundi World Paper Money

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8 FILLER Banknote HUNGARY 1925 - Saint STEPHEN I Portrait - Pick 81 - Crisp EF+

8 Filler Banknote of Hungary / Featuring a Portrait of Saint Stephen I and the National Coat of Arms / Very Attractive Crisp Extremely Fine+ Condition Note with Excellent Color / Series of 1925 - Overprint on 1000 Korona of 1923

** See Below for a Full Description of this Banknote **

This note will be shipped in a professional protective sleeve. The note pictured here is precisely the one the buyer will receive.

Axis Mundi's Statement of Authenticity : The currency being offered here is backed by Axis Mundi's 30 years of experience in the coin business and is unconditionally guaranteed to be genuine. If you have any questions concerning this note you can reach one of our professional staff by email. This note can also be inspected in person, upon request, during our business hours ( 12-6 PM daily ). Please send all mail correspondence to: Axis Mundi 2442 Cerrillos Road # 330, Santa Fe, New Mexico 87505.

Description: We are very pleased to offer this authentic 8 Filler banknote of Hungary for your consideration. It features a portrait of Saint Stephen I and the national coat of arms. Saint Stephen I was Grand Prince of the Hungarians (997–1000 AD) and the first King of Hungary (1000–1038 AD). He greatly expanded Hungarian control over the Carpathian Basin during his lifetime, broadly established Christianity in the region and is generally considered to be the founder of the Kingdom of Hungary. Stephen I was canonized together with his son, Saint Emeric of Hungary and Bishop Gerard of Csanád, on August 20, 1083, becoming one of the most popular saints in Hungary. This note survives in crisp extremely fine+ condition with excellent color. ( See below for more on Hungary )

Series and Denomination: 8 Filler - 1925
Serial Number: B 68 052526
Condition: Crisp Extremely Fine+
Reference: Pick 81b - Overprint on 1000 Korona - Pick 75

The Republic of Hungary: Ethnic groups in Hungary include Magyar (nearly 90%), Romany, German, Serb, Slovak, and others. The majority of Hungary's people are Roman Catholic; other religions represented are Calvinist, Lutheran, Jewish, Baptist, Adventist, Pentecostal, and Unitarian. Magyar is the predominant language. Hungary has long been an integral part of Europe. It converted to Western Christianity before AD 1000. Although Hungary was a monarchy for nearly 1,000 years, its constitutional system preceded by several centuries the establishment of Western-style governments in other European countries.

Following the defeat of the Austro-Hungarian Dual Monarchy (1867-1918) at the end of World War I, Hungary lost two-thirds of its territory and nearly as much of its population. It experienced a brief but bloody communist dictatorship and counterrevolution in 1919, followed by a 25-year regency under Adm. Miklos Horthy. Although Hungary fought in most of World War II as a German ally, it fell under German military occupation following an unsuccessful attempt to switch sides on October 15, 1944. On January 20, 1945, a provisional government concluded an armistice with the Soviet Union and established the Allied Control Commission, under which Soviet, American, and British representatives held complete sovereignty over the country. The Commission's chairman was a member of Stalin's inner circle and exercised absolute control.

The provisional government, dominated by the Hungarian communist party (MKP), was replaced in November 1945 after elections which gave majority control of a coalition government to the Independent Smallholders' Party. The government instituted a radical land reform and gradually nationalized mines, electric plants, heavy industries, and some large banks. The communists ultimately undermined the coalition regime by discrediting leaders of rival parties and through terror, blackmail, and framed trials. In elections tainted by fraud in 1947, the leftist bloc gained control of the government. By February 1949, all opposition parties had been forced to merge with the MKP to form the Hungarian Workers' Party. In 1949, the communists held a single-list election and adopted a Soviet-style constitution, which created the Hungarian People's Republic. Between 1948 and 1953, the Hungarian economy was reorganized according to the Soviet model. In 1949 and the country joined the Council for Mutual Economic Assistance (CMEA, or Comecon.) All private industrial firms with more than 10 employees were nationalized. Freedom of the press, religion, and assembly were strictly curtailed. The head of the Roman Catholic Church, Cardinal Jozsef Mindszenty, was sentenced to life imprisonment.

In the early 1960s, Hungary introduced a relatively liberal cultural and economic course aimed at overcoming the post-1956 hostilities. In 1966, the Central Committee approved the "New Economic Mechanism," through which it sought to overcome the inefficiencies of central planning, increase productivity, make Hungary more competitive in world markets, and create prosperity to ensure political stability. By the early 1980s, it had achieved some lasting economic reforms and limited political liberalization and pursued a foreign policy which encouraged more trade with the West. Nevertheless, the New Economic Mechanism led to mounting foreign debt incurred to shore up unprofitable industries.

Hungary's transition to a Western-style parliamentary democracy was the first and the smoothest among the former Soviet bloc By 1987, activists within the party and bureaucracy and Budapest-based intellectuals were increasing pressure for change. Young liberals formed the Federation of Young Democrats (Fidesz); a core from the so-called Democratic Opposition formed the Association of Free Democrats (SZDSZ), and the neo-populist national opposition established the Hungarian Democratic Forum (MDF). Civic activism intensified to a level not seen since the 1956 revolution.

AUTHENTICITY : All items are genuine and carry a lifetime guarantee of authenticity.

DOMESTIC SHIPPING COSTS : Calculated based on type of service and insurance selected by the buyer. Buyer assumes liability for loss or damage if insurance coverage is not applied.

INTERNATIONAL SHIPPING COSTS : Buyer will pay the actual cost of shipping by air. It is the responsibility of the buyer to comply with foreign customs and exchange regulations.

RETURN POLICY : If you are not completely satisfied with this currency you can return it within 7 days of receipt for a full refund minus shipping costs. Should any item arrive in damaged condition buyer agrees to save all packing materials pending examination by representative of shipping company.

PAYMENT METHODS : We accept PAY PAL.

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8 FILLER Banknote HUNGARY 1925 - Saint STEPHEN I Portrait - Pick 81 - Crisp EF+

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