Hungary 1 and 2 Pengo 1926 to 1944

This is an interesting series of coins from Hungary. The earlier dates are made of silver and the later dates (war years) are made of aluminum. The patterns of silver and aluminum, 1 and 2 pengo coins are similar, but not identical. All these coins have large numerals 1 or 2 flanked by leaves, with an elongated crest of Hungary on the other side. There is even a special 'wavy 2' variety that keeps collector juices flowing! Here are some typical catalog values:

1 PENGO 1926 TO 1939 (0.103 troy ounces silver)
worn: BV
average circualted: BV
well preserved: BV + $3 US dollars
fully uncirculated: BV + $8

In the list above, BV means 'base value' and is the value of the silver in the coin. For instance, if silver is trading for $12 US dollars per troy ounce (be sure to look it up), then BV = 0.103 x 12 = $1.23.

1 PENGO 1941 TO 1944 (aluminum)
worn: less than $1 US dollar approximate catalog value
average circulated: less than $1
well preserved: less than $1
fully uncirculated: $2
1 pengo coins dated 1943 are somewhat rare and catalog at $8 in well preserved condition

2 PENGO 1941 TO 1943 (aluminum)
worn: less than $1 US dollar approximate catalog value
average circulated: less than $1
well preserved: less than $1
fully uncirculated: $2

Our secondary picture shows the 'wavy 2' variety of the 1941 2 pengo. If you can find one, it is a valuable piece:

2 PENGO 1941 WAVY 2 (aluminum)
worn: $10 US dollar approximate catalog value
average circulated: $20
well preserved: $35
fully uncirculated: $60

These are catalog values. Use our Important Terminology page to understand how to convert catalog values to actual buy and sell values.
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