100 Forint: History

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Alexander Malioukov, 16.03.2024 16:18

Field	Update	Old version
Photo	none	Position: 1 Source: Katz Auction Link: https://katzauction.com/lot/462899 Cover: Yes
	none	Position: 2 Source: Katz Auction Link: https://katzauction.com/lot/462899 Cover: Yes
	none	Position: 3 Source: https://en.ucoin.net/ Link: https://en.ucoin.net/coin/hungary-1-forint-1967-1989/?tid=2783 Comment: Hungary, 1 Forint Cover: Yes
	none	Position: 4 Source: https://en.ucoin.net/ Link: https://hu.ucoin.net/coin/ussr-1-ruble-1964-1991/?tid=4158 Comment: Russia, 1 Ruble Cover: Yes
	none	Position: 5 Source: https://en.ucoin.net/ Link: https://hu.ucoin.net/coin/romania-1-leu-1963/?tid=20170 Comment: Romania, 1 Leu Cover: Yes
	none	Position: 6 Source: https://en.ucoin.net/ Link: https://en.ucoin.net/coin/german_democratic_republic-1-mark-1956-1963/?tid=5506 Comment: East Germany, 1 Mark Cover: Yes
	none	Position: 7 Source: https://en.ucoin.net/ Link: https://en.ucoin.net/coin/mongolia-1-mongo-1970-1981/?tid=28743 Comment: Mongolia, 1 Möngö Cover: Yes
	none	Position: 8 Source: https://en.ucoin.net/ Link: https://en.ucoin.net/coin/poland-1-zloty-1986-1988/?tid=13859 Comment: Poland, 1 Zloty Cover: Yes
	none	Position: 9 Source: https://en.ucoin.net/ Link: https://en.ucoin.net/coin/cuba-1-centavo-1963-1982/?tid=26741 Comment: Cuba, 1 Centavo Cover: Yes
	none	Position: 10 Source: https://en.ucoin.net/ Link: https://en.ucoin.net/coin/czechoslovakia-1-koruna-1961-1990/?tid=4722 Comment: Czech Republic, 1 Koruna Cover: Yes
	none	Position: 11 Source: https://en.ucoin.net/ Link: https://en.ucoin.net/coin/bulgaria-1-lev-1962/?tid=17185 Comment: Bulgaria, 1 Lev Cover: Yes
	Position: 12 Source: Monetnik.ru Link: https://www.monetnik.ru/ Cover: Yes	none
	Position: 13 Source: Monetnik.ru Link: https://www.monetnik.ru/ Cover: Yes	none
Obverse Object	Coin, banknote → Coin	Coat of arms → Hungary
Obverse Object	none	Symbol, amulet, talisman → Five-pointed star
Obverse lettering	KGST 1949-1974	MAGYAR NÉPKÖZTÁRSASÁG CSV BP. 100 FORINT 1974
Obverse description	Depicts the abbreviation KGST (COMECON) and the years "1949-1974" (refers to the 25th anniversary of the establishment) below it, surrounded by the coins of the founding member states, symbolizing the establishment of the Comecon as a financial and trading union similar to the European Economic Community. The coins of the issuing countries appearing, from top to right and down, are as follows: 1 Forint of Hungary, 1 Ruble of USSR, 1 Leu of Romania, 1 Mark of East Germany, 1 Möngö of Mongolia, 1 Zloty of Poland, 1 Centavo of Cuba, 1 Koruna of Czechoslovakia and 1 Lev of Bulgaria.	The front side of the coin showcases the national coat of arms of the Hungarian People's Republic as its central feature. On the right side of the ribbons connecting the bottom of the emblem, you can find the engraver's master mark (CSV), while directly below the ribbons is the mint mark (BP.). Beneath the emblem lies the denomination (100), moving downwards followed by the word "FORINT". The frame of the medal is provided by the inscription of the "MAGYAR NÉPKÖZTÁRSASÁG" (Hungarian People's Republic), which surrounds the minting year (1974) with a square decorative elements at each ends of the text.
Reverse Object	Coat of arms → Hungary	Coin, banknote → Coin
Reverse Object	Symbol, amulet, talisman → Five-pointed star	none
Reverse lettering	MAGYAR NÉPKÖZTÁRSASÁG CSV BP. 100 FORINT 1974	KGST 1949-1974
Reverse description	Depicts the coat of arms of the Hungarian People's Republic, the engraver's initials (CSV) and the mintmark (BP) between the coat of arms and the denomination below, surrounded by the country name with the issue date below. The coat of arms of the Hungarian People's Republic consists of a centrally positioned Hungarian shield adorned with a five-pointed red star at the top, symbolizing socialism. Surrounding the shield are ears of wheat on either side, representing agriculture and the nation's bounty.	The design of the reverse side of the coin is both unconventional and symbolic. Its central motif features the inscription "KGST" (COMECON) and the years "1949-1974" below it. The inscription is surrounded by the coins of the founding member states, symbolizing the establishment of the Comecon as a financial and trading union similar to the European Economic Community. The years displayed refers to the 25th anniversary of the establishment of the COMECON. (KGST) The coins of the issuing countries appearing on the reverse side, from top to right and down, are as follows: Hungary, Russia, Romania, East Germany, Mongolia, Poland, Cuba, Czechoslovakia, Bulgaria
Coin description	The Council for Mutual Economic Assistance (abbreviated as COMECON), operated as an economic bloc from 1949 until 1991, primarily led by the Soviet Union. It encompassed Eastern Bloc nations alongside several socialist states globally. The term "Comecon" was commonly used to denote all collaborative endeavors among its member countries, not solely limited to the organization's direct operations and functions. This usage also encompassed bilateral interactions among member states. In the framework of communist international economic relations, multilateral agreements, typically of a broad nature, were often implemented through a series of more detailed bilateral arrangements. Comecon emerged in response to the Marshall Plan and the establishment of the Organization for European Economic Cooperation (OEEC), later evolved into the OECD, in Western Europe. Engraver: Viktória Csúcs	The KGST (Comecon) is played a significant role in the economic cooperation among socialist countries during the Cold War. The establishment and operation of the organization, however, not only shaped economic cooperation but also the political and geopolitical landscape. The aim of the KGST was to counterbalance the economic bloc of capitalist countries, particularly the European Economic Community (EEC), which was increasingly strengthened with American support and the Marshall Plan. The accounting system, in which member states traded with each other through bilateral settlements and barter due to the lack of convertible currency, was necessary. However, this contributed to decreased economic efficiency and distortions in the economic system. The KGST also had a political role as it served as a kind of political and economic alliance among socialist countries during the Cold War. However, the KGST was not a unified organization and was dominated by the Soviet Union, often leading to friction and conflicts among member states. The collapse of the Eastern European bloc and the political upheavals of 1989 eventually led to the dissolution of the KGST. Member states found themselves in a new economic and political environment, rendering the KGST irrelevant. As a result, the organization was dissolved in 1991, and member countries embarked on new directions in their economic and political development. Engraver: Viktória Csúcs
Series	25th Anniversary of the COMECON	none