Postage Stamps of the Hungarian Republic

by Tony Clayton

Inflation Issues of 1946

Earlier 1946 issues <<-- : -->> 1871 issues

Main Index

Foundation of the Republic, February 12th

A republic was declared on February 1st.
The abbreviation 'ezer p' stands for a thousand pengo.

3 ezer pengo red-brown SG 902.

15 ezer pengo blue SG 903.

First Definitive Issue, February 18th to April 15th

13 values of the same design were issued. On February 18th the highest value was 50 ezp. By April 15th the highest value had risen to 800 ezp.

4 ezer pengo yellow-brown SG 904.

50 ezer pengo grey SG 909.

800 ezer pengo violet SG 916.

75th Anniversary of the First Hungarian Stamps, May 1st.

Four values with the same design were issued.
The abbreviation 'millió-p' or 'mp' stands for a million pengo.

2+2 millió pengo blue SG 920.

Second Definitive Issue, May 1st to May 20th

Eight values with the same design were issued. On May 1st the highest value was 4 mp. By May 20th the highest value was 50 mp.

1 millió pengo vermilion SG 921.

4 millió pengo grey SG 924.

50 pengo olive SG 928.

Third Definitive Issue, May 24th to June 18th

11 values with the same design were issued. On May 24th the highest value was 100 mp. By the end of May 500 mp was reached, inreasing to 5000 mp by June 4th and 50000 mp a fortnight later.

100 millió pengo chestnut SG 929.

500 millió pengo chestnut SG 935.

500 millió pengo chestnut SG 939.

Fourth Definitive Issue, June 27th

Just three values with the new design were issued.
The abbreviation 'milliàrd-p' or 'mdp' stands for a thousand million pengo.

100 milliàrd pengo brown-olive and carmine SG 940.

500 milliàrd pengo brown-olive and carmine SG 941.

500 milliàrd pengo brown-olive and carmine SG 942.

Centenary of Hungarian Railways, July 15th

These were the first stamps to be denominated in adópengo, a tax pengo used to try and mitigate the inflation.

10000 adópengo purple-brown SG 957.	20000 adópengo blue SG 958.
30000 adópengo dull yellowish-green SG 959.	40000 adópengo bright carmine SG 960.

Fifth Definitive Issue, July 16th to 26th

10 values with the new design were issued. The adópengo also increased in terms of the pengo as hyperinflation continued.

10 ezer adópengo green and black SG 962.

100 ezer adópengo green and black SG 941.

5 millió adópengo vermilion and black SG 942.

Earlier 1946 issues <<-- : -->> 1871 issues

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