Hungary 50,000 (Otvenezer) Adopengo 1946 P-138b (PMG 53 AU) Banknote

$179.95 Buy It Now or Best Offer
free,30-Day Returns

Seller Store blocgalleries
(2881) 99.7%,

Location: Fargo, North Dakota
Ships to: US,
Item: 196701308649

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:1946
Certification Number:2290540-031
Country:Hungary
Grade:53
Country/Region of Manufacture:Hungary
Certification:PMG

Hungary 50,000 (Otvenezer) Adopengo 1946 P-138b (PMG 53 AU) Banknote – Rare! This is an exceptionally rare Hungary 50,000 (Otvenezer) Adopengo 1946 banknote, cataloged as Pick# 138b. Graded PMG 53 About Uncirculated, this note is a prized collectible for its historical significance, pristine condition, and scarcity. With only 7 examples graded higher by PMG, this banknote is a standout piece for serious collectors of hyperinflation-era currency. Key Highlights: •Rarity: Only 7 examples of this issue have been graded higher by PMG, making it extremely scarce in such high grade. The absence of a serial number further enhances its uniqueness and collectibility.•PMG Graded: 53 About Uncirculated (AU) – This grade means the banknote is in excellent condition, with only very light signs of handling. It remains crisp with sharp details and strong coloring.•Pick Number: P-138b•No Serial Number: A distinctive feature of this version of the 50,000 Adopengo note, increasing its appeal among collectors. Historical Significance: The 1946 Adopengo notes were introduced in a desperate attempt to combat the extreme hyperinflation Hungary faced following World War II. This note represents one of the last denominations issued before the currency was replaced by the Forint. It is a remarkable relic from a period of economic turmoil, where the value of currency plummeted at a record pace, making high-denomination notes like this an important part of history. Collectibility and Investment Value: •Hyperinflation-Era Collectible: This note is a highly sought-after item for collectors of world hyperinflation currency. The 50,000 Adopengo represents the peak of Hungary’s inflation crisis, and its limited availability in high grades makes it a valuable asset.•PMG Certified: PMG’s grading ensures the authenticity and quality of the note, adding credibility and value for collectors and investors alike.•Rare Without Serial Number: The lack of a serial number is a significant factor for collectors, adding another layer of rarity to this banknote. Why This Banknote is a Must-Have: •Rare and Collectible: With only 7 examples graded higher by PMG, this banknote is a rare opportunity for serious collectors.•Historical Significance: A piece of history from one of the worst hyperinflation periods in the world, making it an educational and valuable addition to any collection.•Investment Potential: As an investment-grade banknote, its rarity and high grade make it an attractive option for those looking to diversify their portfolio with tangible assets. Conclusion: This Hungary 50,000 Adopengo 1946 P-138b (PMG 53 AU) banknote is a rare and historically significant collectible, representing a critical moment in economic history. With only a handful of examples graded higher, this note is a must-have for any serious collector of hyperinflation currency or world banknotes. Journey into Collecting Hyperinflation: 1946 Hungarian Pengo Banknotes The 1946 Hungarian Pengo banknotes are among the most fascinating pieces of currency for collectors, as they represent one of the most extreme cases of hyperinflation in world history. The Pengo’s dramatic collapse provides a stark reminder of the economic devastation Hungary faced in the post-World War II years and the country’s struggle to recover from war damage and political instability. Collecting these notes allows enthusiasts to hold a tangible piece of history while delving into the complexities of global finance, inflation, and numismatic rarity. Historical Context After World War II, Hungary was left in a state of economic ruin, with vast amounts of its infrastructure destroyed and its economy destabilized. Between 1945 and 1946, Hungary experienced one of the worst periods of hyperinflation ever recorded. The Pengo, the official currency since 1927, began to lose its value rapidly. By mid-1946, the country was issuing banknotes in denominations as high as the billion Pengo and even the milpengo (1 trillion Pengos), culminating in the issuance of the 100,000,000,000,000,000,000 Pengo (100 quintillion Pengos) note—the largest denomination ever printed. The government finally replaced the Pengo with a new currency, the Forint, in August 1946, marking the end of one of the most extraordinary hyperinflation episodes in history. For collectors, Hungarian Pengo notes from this era tell a powerful story of economic chaos and the government’s desperate attempts to keep the currency system afloat. Key Denominations Some of the most notable Pengo denominations from 1946 include: •100 Million Pengo (Milpengo): Introduced as inflation worsened, the Milpengo note was part of Hungary’s effort to keep up with skyrocketing prices.•1 Billion Pengo (Bilpengő): This denomination marks a critical point in the inflation crisis. As more zeros were added to banknotes, denominations like this became a grim symbol of Hungary’s failing economy.•100 Trillion Pengo: One of the largest denominations in history, this note is iconic in numismatic circles for representing the sheer scale of hyperinflation in Hungary.•Adopengo: A theoretical currency introduced in the final days of the Pengo, but never circulated. It is significant for collectors as a symbol of the government’s desperate measures. These notes are often highly sought after by collectors due to their high denominations, unique historical context, and the dramatic economic backdrop in which they were issued. Increased Popularity in Collecting In recent years, hyperinflation banknotes—particularly those from Hungary’s Pengo—have gained increasing attention among collectors. This surge in popularity can be attributed to several factors: 1.Historical Value: Collectors are drawn to these notes for their direct connection to a critical period of post-war Europe, providing a glimpse into Hungary’s tumultuous transition from wartime devastation to economic recovery.2.Investment Potential: Due to their historical significance and the relatively short period of issuance, high-quality Hungarian Pengo banknotes have become investment-grade items. Collectors seek out well-preserved, graded examples, especially those with distinctive features like PMG-graded notes in Choice Uncirculated or Gem Uncirculated condition.3.Numismatic Uniqueness: The extraordinarily high denominations and striking designs of the Pengo banknotes set them apart in the world of hyperinflation currency. Many notes feature artistic renditions of Hungarian national symbols, contributing to their appeal.4.Rarity of High-Grade Notes: As with many notes from periods of economic collapse, finding Hungarian Pengo banknotes in investment-grade condition (PMG 64 and above) is a challenge, as most circulated heavily and suffered damage. This rarity in high-grade examples drives up demand and adds to their allure for collectors and investors alike. Investment-Grade Examples For collectors and investors, finding PMG-graded Hungarian Pengo banknotes in higher grades like Gem Uncirculated or Choice Uncirculated is a priority. While many of these notes circulated widely, high-quality examples preserved in near-mint condition have become increasingly valuable. Collectors should seek out notable investment-grade notes, such as: •1 Billion Pengo and higher denominations in pristine condition.•Uncirculated examples of notes from 1945 and 1946.•Banknotes with strong, vibrant colors and no visible wear, tears, or fading. Conclusion Collecting Hungarian Pengo hyperinflation banknotes offers an extraordinary journey into one of the most significant financial crises in history. Whether you’re a historian fascinated by post-war Europe or a numismatist seeking investment-grade currency, these banknotes provide a window into the resilience of a nation amidst its most difficult period. Their scarcity, historical importance, and high denomination make them must-have items for any serious collector._______________________________________________________________________________________________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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