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- Spot Silver Price: $32.32
Silver coins were in regular circulation in Hungary. The values below represent the intrinsic value of silver coins from Hungary.
Hungary silver coins that are in uncirculated condition, or that may be rare and collectible may also have numismatic value. You can use this table as a guide when buying and selling circulated silver coins from Hungary.
The melt values are calculated and displayed in USD based on the today's silver spot price of $32.32 per troy ounce.
| Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
|---|---|---|---|---|---|---|
| 1 Pengo | 1926- 1939 | .640 | 5 | 3.20 | .1029 | $3.33 |
| 2 Pengo | 1929- 1939 | .640 | 10 | 6.40 | .2058 | $6.65 |
| 5 Pengo | 1930- 1989 | .640 | 25 | 16.00 | .5144 | $16.63 |
| 5 Forint | 1946 | .835 | 20 | 16.70 | .5369 | $17.35 |
| 5 Forint | 1947- 1948 | .500 | 12 | 6.00 | .1929 | $6.23 |
| 10 Forint | 1948 | .500 | 20 | 10.00 | .3215 | $10.39 |
| 20 Forint | 1948 | .500 | 28 | 14.00 | .4501 | $14.55 |
The history of silver coins in Hungary dates back to the medieval period. The Kingdom of Hungary was established in 1000 AD, and one of the most notable early coins was the denar, introduced by King Stephen I. These coins were minted in silver and featured religious and royal imagery.
During the Renaissance, Hungarian coinage saw the introduction of larger and more intricate silver coins. The thalers, also known as guldiners, became prominent during the reign of King Matthias Corvinus in the 15th century. However, the Ottoman occupation (16th-17th centuries) led to a disruption in the local coinage, with many coins being melted down or taken out of circulation.
Following the liberation from Ottoman rule, Hungary became part of the Habsburg Monarchy. The Habsburgs introduced standardized coinage across their territories, including the silver forint and the krajczár. These coins often featured the portraits of Habsburg rulers and were circulated widely across the empire.
In the 19th century, Hungary was part of the Austro-Hungarian Empire. The silver korona was introduced in 1892, replacing the forint. After World War I and the dissolution of the Austro-Hungarian Empire, Hungary regained its independence and introduced the peng? in 1927. Silver coins during this period often depicted national symbols and historical figures.
After World War II, the peng? experienced hyperinflation and was replaced by the forint in 1946. While silver coins were less common in circulation due to economic challenges, commemorative silver coins began to be issued. These coins celebrated various historical events, cultural achievements, and notable personalities.
Today, Hungary continues the tradition of minting commemorative silver coins. These coins are often issued by the Hungarian Mint and serve as a way to celebrate the country's rich history and heritage. They are popular among collectors and hold both numismatic and intrinsic value.