Obverse. Photo © Monetnik.ru
  • 50 Forint 2016, KM# 897, Hungary, 70th Anniversary of the Forint
  • 50 Forint 2016, KM# 897, Hungary, 70th Anniversary of the Forint
  • 50 Forint 2016, KM# 897, Hungary, 70th Anniversary of the Forint, A first-day mint package
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 Kósa

Obverse

Depicts the coat of arms of Hungary. The coat of arms is surrounded by the motif featured on the renewed 10,000 forint banknote. Within the pearl border placed on the edge, in a circular inscription, "HUNGARY" is written at the top, and between decorative motifs depicting four-petaled flowers at the bottom, the inscription "SEVENTY YEARS OF THE FORINT" is placed. Below the motif, the year "2016" is readable.

The Hungarian coat of arms, adopted in 1919 and reaffirmed on July 3, 1990, features a vertically divided shield with a rounded base. The left field displays eight red and silver horizontal bars, symbolizing the Árpád dynasty, while the right field depicts three green hills with a golden crown on the center hill and a silver patriarchal cross emerging from it. These elements represent the Danube, Tisza, Dráva, and Száva rivers, and the Tátra, Mátra, and Fátra mountain ranges. Atop the shield rests the Holy Crown of Hungary, also known as the Crown of Saint Stephen, which has been used for coronations since the 12th century. The crown's cross was tilted in the 17th century due to damage, and it has remained in this position since then, symbolizing the enduring history and legitimacy of Hungarian monarchs.

Engraver: Zoltán Kósa

MAGYARORSZÁG
2016
HETVENÉVES A FORINT

Reverse

Depicts within the pearl-bordered, the denomination composed of slightly overlapping digits. Below the denomination, decorative lines are found on the left and right sides. Beneath the denomination, inscriptions and the mintmark are arranged horizontally in two rows.

Engraver: István Kósa

50
FORINT
BP.

Edge
Characteristics
Type Commemorative Issue (Circulating)
Material Cupronickel
Weight 7.6 g
Diameter 27.4 mm
Thickness 1.7 mm
Shape round
Alignment Medal
Mint
Budapest Mint (BP)

Related coins

70th Anniversary of the Forint

Copper Nickel, 30.8 g, ⌀ 38.61 mm

70th Anniversary of the Forint

Silver, 31.46 g, ⌀ 38.61 mm