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Collector coin to commemorate the 90th anniversary of the Bank’s foundation

Budapest, 26 May 2014 -  On 24 May 2014, the Magyar Nemzeti Bank issued a silver and a non-ferrous metal collector coin to commemorate the 90th anniversary of its foundation. The establishment and charter of an independent central bank as well as the licence to issue banknotes were laid down in Act V promulgated on 26 April 1924. The Bank’s founding general meeting was held in the assembly hall of the Hungarian Academy of Sciences on 24 May 1924. The Bank began its operations as a limited company in its building at Szabadság tér on 24 June.

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Budapest, 26 May 2014 -  On 24 May 2014, the Magyar Nemzeti Bank issued a silver and a non-ferrous metal collector coin to commemorate the 90th anniversary of its foundation. The establishment and charter of an independent central bank as well as the licence to issue banknotes were laid down in Act V promulgated on 26 April 1924. The Bank’s founding general meeting was held in the assembly hall of the Hungarian Academy of Sciences on 24 May 1924. The Bank began its operations as a limited company in its building at Szabadság tér on 24 June.

The upper part of the obverse of the coin bears a crest surrounded by a floral motif featuring on the frame of a share worth 100 gold crowns. Its compulsory elements of the coin are the inscription ‘MAGYARORSZÁG’, the value numeral 10000, the inscription ‘FORINT’, the mint mark ‘BP’ and the mint year ‘2014’.
The reverse features a detail of the corner of the MNB’s building viewed from Bank utca. The inscription in the upper circular legend reads ‘MAGYAR NEMZETI BANK’, in the same logotype as that used for the share, as well as the year 1924 in the middle, surrounded by an ornamental frame. The initials of applied artist Gábor Kereszthury are positioned on the right, next to the edge, between the legend and the building.
The normal coin is struck in .925 fine silver, weighs 24 grams. It is 37 mm in diameter and has a milled edge. The non-ferrous metal version weighs 23.7 grams and its diameter and coin design are the same as those of the normal coin.
The mintage limit is 5,000 pieces in proof (PP) finish for the silver and 5,000 pieces in brilliant uncirculated (BU) finish for the non-ferrous metal version.
Beginning in 2014, each precious metal commemorative coin will be issued in a less expensive non-ferrous metal version to benefit collectors who wish to buy the same artistic theme at a more affordable price. By issuing lower-priced versions, the MNB and the Hungarian Mint would also like to encourage younger generations to collect commemorative coins. Thus, the commemorative coin is also issued in a non-ferrous metal version with a face value of HUF 2,000, but with the identical coin design as the HUF 10,000 silver coin.
The collector coin is distributed by the Hungarian Mint Ltd. and is on sale from 22 April 2014 at the coin shop of the Hungarian Mint (17 Hold utca, Budapest V.) and in the Mint’s webshop (http://penzvero.hu/), where a number of collector coins produced from gold, silver and non-ferrous metals issued earlier are also on sale.


MAGYAR NEMZETI BANK
Communications
Phone: + 36 (1) 428-2751
Fax: + 36 (1) 429-8000
E-mail: sajto@mnb.hu
Web: www.mnb.hu

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