Depicts Archbishop Péter Pázmány, holding a double cross in one hand and a scroll in the other, symbolizing the founding charter of the university. In front of him stands a youth holding a book, behind him and a physician. On the left side of the depiction, in the center, is the engraver's privy mark. Along the edge of the coin runs a decorative string of pearls, and on the inner side of this is the inscription "IN COMMEMORATION OF THE 300TH ANNIVERSARY OF THE FOUNDING OF THE ROYAL HUNGARIAN PÉTER PÁZMÁNY UNIVERSITY", separated at the bottom of the coin by the floral motif.

Péter Pázmány de Panasz, S.J. (1570– 1637) was a renowned Hungarian Jesuit philosopher, theologian, cardinal, orator, and statesman, and a leading figure of the Counter-Reformation in Royal Hungary. Celebrated for creating the Hungarian literary language, he was often called "the Hungarian Cicero in the purple."

Pázmány was born into a noble Calvinist family, which converted to Catholicism when he was 12, significantly influencing his religious and political life. He joined the Jesuit Order in 1587 and studied at top European universities, including the University of Vienna and the Collegio Romano in Rome. Pázmány's eloquence and dialectic skills won many to Catholicism, including influential nobles.

He became Archbishop of Esztergom and Primate of Hungary in 1616, spearheading the Catholic Counter-Reformation. Pázmány founded several educational institutions, including the Pázmáneum seminary in Vienna in 1623 and a university in Trnava in 1635, which later became Eötvös Loránd University and Pázmány Péter Catholic University.

Depicts a crowned coat of arms of the Kingdom of Hungary, set in a Baroque frame. On either side of the coat of arms is the issue year "1935", divided into two parts. At the bottom of the depiction, also divided into two parts, is the mint mark "BP". At the top of the coin, separated by a dot, is the inscription "HUNGARIAN KINGDOM". At the bottom edge, separated by floral motifs, are the denomination and the inscription "PENGŐ".

The Holy Crown of Hungary (also known as the Crown of Saint Stephen) was the coronation crown used by the Kingdom of Hungary for most of its existence; kings have been crowned with it since the twelfth century. No king of Hungary was regarded as having been truly legitimate without being crowned with it. In the history of Hungary, more than fifty kings were crowned with it, up to the last, Charles IV, in 1916. The cross is attached to the crown in a rough manner, rising from the midriff of Christ in the central enamel plaque at the top of the crown. The cross was knocked crooked in the 17th century when the crown was damaged, possibly by the top of the iron chest housing the insignia being hastily closed without the crown having been placed in it properly. The cross has since been left in this slanted position, and is now always depicted as such.