1938 5 Pengo St Stephens Hungary

bidask · March 2, 2019 12:57PM

I remember buying this coin for $ 30- $40 raw when I first got started collecting world coins.

The below specimen is the lone 66 at PCGS .....NGC has graded 6 in 66 none finer. I really like this coin it sizzles!

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bronco2078 · March 2, 2019 6:50PM

In an odd coincidence , I picked up some 5 pengos as bullion the other day. They have a ton of wear on them , I was surprised as I didn't think a coin like that would circulate much with all that was going on in that area then

SaorAlba · March 2, 2019 8:15PM

@bronco2078 said:
In an odd coincidence , I picked up some 5 pengos as bullion the other day. They have a ton of wear on them , I was surprised as I didn't think a coin like that would circulate much with all that was going on in that area then

I don't believe that they were intended to circulate either - banknotes were issued in those amounts during the late 1930s

bronco2078 · March 2, 2019 8:35PM

why did they name their currency after a coin op video game?

Tibor · March 2, 2019 8:37PM

I've got four or five but they are not even close to being
as nice as yours. Your coin is beautiful!!

Zohar · March 3, 2019 6:17AM

Awesome coin!

bronco2078 · March 3, 2019 8:01AM

Its interesting how the various LMU countries kept to a 25 gram coin but reduced the purity at different times because of whatever pressures they were under at the time. Oddly , it looks like Hungary's .900 silver 5 corona was a bit undersized at 24 grams in the early 1900's but the .835 1 and 2 corona were not.

When the regency currency switch happened the one and two pengo drooped to 64% silver but stayed at 5 and 10 grams , the 5 pengo went to 64% also but went to the full 25 grams. When WW2 began the silver coins must have disappeared pretty quickly , the early 40's 1 2 and 5 pengo changed to aluminum .

These are all 1930 type 5 pengos bought together and with very similar wear levels . Not very attractive surface wise I'm afraid but I assume they sat for a long time without being handled somewhere after being removed from use.
I'm guessing the 1930's examples circulated for 8 or 9 years and the 1938's probably not at all ?

MrBreeze · March 3, 2019 3:04PM

I’m a fan of the type as well.

https://www.pcgs.com/cert/12820535

bidask · March 3, 2019 4:10PM

@MrBreeze said:
I’m a fan of the type as well.

https://www.pcgs.com/cert/12820535

Not sure but may not be the restrike ?
Otherwise would not PCGS said so on the holder ?

bronco2078 · March 3, 2019 5:15PM

Isn't there supposed to be a rosette on the restrikes

?> @bidask said:

@MrBreeze said:
I’m a fan of the type as well.

https://www.pcgs.com/cert/12820535

Not sure but may not be the restrike ?
Otherwise would not PCGS said so on the holder ?

bidask · March 3, 2019 6:56PM

@bronco2078 said:
Isn't there supposed to be a rosette on the restrikes

?> @bidask said:

@MrBreeze said:
I’m a fan of the type as well.

https://www.pcgs.com/cert/12820535

Not sure but may not be the restrike ?
Otherwise would not PCGS said so on the holder ?

I think you may be right about the rosette .....is there a rosette on my coin .....I cannot tell where to look ?

But based on the cert number this may be a restrike.

bidask · March 3, 2019 7:08PM

Here is one that sold on ebay ....note they identified it as a restrike .

bronco2078 · March 3, 2019 7:17PM

@bidask said:

@bronco2078 said:
Isn't there supposed to be a rosette on the restrikes

?> @bidask said:

@MrBreeze said:
I’m a fan of the type as well.

https://www.pcgs.com/cert/12820535

Not sure but may not be the restrike ?
Otherwise would not PCGS said so on the holder ?

I think you may be right about the rosette .....is there a rosette on my coin .....I cannot tell where to look ?

But based on the cert number this may be a restrike.

I've heard a rosette should be "in the vicinity" of the mint mark . Yours appears to have a BP for budapest under the shield . I don't see anything close by it.

However , I have also heard that only base metal coins had the rosette near the mint mark but silver coins it was on the obverse.

I found this cointalk thread on the subject that is interesting

https://www.cointalk.com/threads/hungary-artex-restrikes.280585/

tons of pics

bidask · March 3, 2019 7:53PM

@bronco2078 said:

@bidask said:

@bronco2078 said:
Isn't there supposed to be a rosette on the restrikes

?> @bidask said:

@MrBreeze said:
I’m a fan of the type as well.

https://www.pcgs.com/cert/12820535

Not sure but may not be the restrike ?
Otherwise would not PCGS said so on the holder ?

I think you may be right about the rosette .....is there a rosette on my coin .....I cannot tell where to look ?

But based on the cert number this may be a restrike.

I've heard a rosette should be "in the vicinity" of the mint mark . Yours appears to have a BP for budapest under the shield . I don't see anything close by it.

However , I have also heard that only base metal coins had the rosette near the mint mark but silver coins it was on the obverse.

I found this cointalk thread on the subject that is interesting

https://www.cointalk.com/threads/hungary-artex-restrikes.280585/

tons of pics

Thank you for the link .

bronco2078 · March 4, 2019 4:44AM

So much information in that thread but I think my take away is that original mintage dwarfs the restrikes. I feel like the 1938 coins would have hardly circulated at all with war right on the door step.

1938 5 Pengo St Stephens Hungary

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