$1 EGY FORINT HUNGARIAN FUND NEW YORK NY PCGS 65PPQ

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An extremely rare piece of New York currency. 150 plus years of living history in one exciting unissued bank note. A fantastic opportunity. This certificate was issue out of New York in the amount of $1 and was payable one year after the establishment of the Independent Hungarian Government.The revolution of March 15, 1848 was a milestone in the history of revolutions in Europe. Bowing to pressure from the masses, the Hungarian Diet accepted most of the revolutionaries´ demands, including the liberation of the serfs, equality before the law, freedom of the press and an independent Hungarian government. In September 1848 the imperial Austrian government launched an armed attack on Hungary in order to crush the revolution and do away with its achievements which had earlier been approved by the emperor.The Hungarian revolution that began with such hopes in March, 1848, ended in blood in August of 1849. It was the longest of all the European revolutions of the mid-19th century. Its failure was due mainly to the fact that its leaders, in spite of idealism and liberal ideas, had not found a solution to the problem of nationalism. Inspired by a romantic patriotism and blinded by their own enthusiasm in creating a Hungarian state both national and independent, they alienated the ethnic minorities who were themselves awakening to their own national identities. In their rush to destroy the traditional structures, the revolutionaries put a match to the powder keg of central Europe and cleared the way for open conflict between the different nationalities. In the short run, the revolutions of 1848 appeared to have failed without exception. The framework created by the Congress of Vienna appeared to have remained intact, despite the absence of Metternich. Viewed from a different angle, however, the revolutions left their mark. Some important reforms passed by the revolutionary regimes remained: feudalism was definitively abolished and the equal rights of all Austrian subjects proclaimed. And a problem that had never troubled the Habsburgs before had been raised. The questions of relations between the different nationalities and of nationalism itself were to trouble the Austrian Empire up to its dissolution. From the latter part of the 1700’s through the early 1870’s obsolete currency (often referred to as Broken Bank Notes) came from many sources, i.e.; States, Counties, Municipalities, Military, Banks, Corporations, and Private Merchants just to mention a few. Most people don’t realize that before the U.S. Government started regulating the banking industry in 1861, the aforementioned had their own money printed and thus provided collectors with lots of different themes and varieties. There are many choices and collectors can focus on their preferred notes. You can collect notes with a certain vignette (picture or scene), a particular State, city, or bank. Some people collect notes with bridges, signatures, cattle, horses, whales, ships, etc, and yes, even Santa Claus! Many obsolete bank notes are absolutely beautiful in artistic design and coloring. Depending on the grade (condition) many of these types notes are fairly inexpensive and readily available. Every paper money collector should have at least one piece of obsolete currency in his/her collection! There are many different references for individual states currency and they can be found online from various publishers and book dealers. For Southern States currency, I highly recommend “Southern States Currency” by Hugh Shull, published by Whitman Publishing Company. read more

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