![]() ![]() Mint: Budapest, Hungary (1925-date) Denomination: 5 Pengo. value: 20 cents.slightly more than the paper on which it was printed. Regent: Nicolas Horthy (1920-1944) Type: Circulating Commemorative Coin. Although the notes were printed, they were never actually issued. In 1946, Hungary created this titanic bill, which was worth almost nothing in most countries in Europe. WWII destroyed the Hungarian pengo, which suffered the highest rate of hyper-inflation ever - prices doubled every fifteen hours. Created in 1998 to celebrate independence from Spain, the note was offered only to collectors who, funnily enough, shelled out 180,000 pesos ($3,700) for the bill. It’s approximately the same size as a typical piece of printer paper. The 100,000 peso note is the world’s largest single banknote. In fact, Mark Twain even wrote a book on the note. Every so often there’s a story about the one million pound note escaping. You won’t find this monstrous note in circulation, but the bill remains stashed away in the federal reserve - probably hoping to never see the light of day. ![]() (The paper probably retained more value than the actual bills.) Today, you can scrounge around on Ebay and find a slightly less valuable - but still very large - 500,000,000 note selling for $1.79. Yugoslavia: 500,000,000,000,000,000,000 DinarsĪt the peak of Yugoslavia’s hyperinflation in 19, when the currency doubled just about every day, a single US dollar equalled nearly six trillion Yugoslav dinars. And to demonstrate how insane inflation was during that time, a loaf of bread generally ran nearly 300 billion Zimbabwean dollars - so the banknote wouldn't even get you 350 loaves of bread. In January of 2009, Zimbabwe began printing these notes, and by April of 2009, the Zimbabwean dollar was defunct. Some of them were created in attempt to tame hyper-inflation, while others exist for the quirk. Hungary 5 Pengo 1930 Regency of Admiral Horthy Silver, 36.0 mm, 25.00 gm Hungary 5 Pengo 1938 Proof Death of St. I never researched them except to find out who Admiral Horthy was. I have had these four Hungary 5 Pengo coins since the 1960s. ![]() Here, we take a look at some of the largest banknotes from past and present. Thank you for a very interesting article on the Hungary 5 Pengo coins. If you think pennies and nickels are just about useless, consider the other end of the spectrum: bills so large you can buy an entire island with it. ![]()
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