Obverse. Photo © Numismatica Ferrarese
  • 20 Forint 1956, KM# 553, Hungary, 10th Anniversary of the Forint, Széchenyi Chain Bridge
  • 20 Forint 1956, KM# 553, Hungary, 10th Anniversary of the Forint, Széchenyi Chain Bridge
Description

The currency of Hungary is the forint (symbol: Ft; code: HUF), derived from the city of Florence where gold coins known as fiorino d'oro were first minted in 1252. In Hungary, the florentinus, later referred to as the forint, served as a gold-based currency from 1325 under the reign of Charles Robert, setting a precedent followed by several other nations. The introduction of the forint on August 1, 1946, played a pivotal role in stabilizing the Hungarian economy post-World War II.

Engraver: István Iván

Obverse

Depicts the Széchenyi Chain Bridge surrounded by the country name (Hungarian People's Republic).

The Széchenyi Chain Bridge, known as Széchenyi lánchíd in Hungarian, spans the River Danube, connecting Buda and Pest, the two sides of Budapest, Hungary's capital city. Designed by English engineer William Tierney Clark and constructed by Scottish engineer Adam Clark, it holds the distinction of being Hungary's first permanent bridge over the Danube. Completed in 1849, the bridge is anchored on the Pest side to Széchenyi Square and on the Buda side to Adam Clark Square. Named after István Széchenyi, a key supporter of its construction, it is commonly referred to as the "Chain Bridge" due to its chain-link design. Renowned as a marvel of modern engineering upon its completion, the bridge's decorations are crafted from cast iron.

MAGYAR
NÉPKÖZTÁRSASÁG

Reverse

Depicts a wheat sheaf with laurel branches, the People's Republic coat of arms above divides value, the dates and the mintmark (BP.) below.

Following the military forces of Nazi Germany in Hungary being defeated by the Red Army, Soviet military occupation ensued, eventually leading to the creation of a communist government in Hungary. Between 1946 and 1949 the Kossuth-style coat of arms was used, then the Hungarian People's Republic introduced a new state coat of arms in line with socialist heraldry, with a layout closely resembling that of the Soviet Union's: wreath surrounds wheat ear and hammer on radiant background below star.

20 Ft
BP.
1946-1956

Edge

Depicts an abbreviation of the Hungarian State Mint (Magyar Állami Pénzverő)

M . Á . P . V.

20 Forint

People's Republic
KM# 553 Unger# 1579 Huszar# 2345 Adamo# EM5
Characteristics
Type Commemorative Issue (Non-circulating)
Material Silver
Fineness 0.800
Weight 17.5 g
Diameter 32 mm
Thickness 2.5 mm
Shape round
Alignment Medal
Mint
Budapest Mint (BP)

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