Coins of the Hungarian forint a highly profitable venture that lasted until the machines were reprogrammed. The 50 Forint coin is confused with the UK 50 pence coin by some vending machines in the UK. According to Hungary's new constitution, effective as of 1 January 2012, the country's official name changes from "Magyar Köztársaság" (Republic of Hungary) to "Magyarország" (Hungary). Although Hungary is still a republic, this does not appear anymore on its coinage: from 2012 Hungarian legal tender will bear the country's new official name, "Magyarország". Previously struck coins will remain legal tender. 5, 10 and 20 Forint coins are expected to appear in
Coins of the Hungarian forint new money. The first coins minted in 1946 were made of copper alloys in the case of the fillér coins and aluminium in the case of the 1 & 2 forint coins. Although the forint was based on gold standard, only silver coins were minted in the first 2 years: 5 forint coins made of good quality silver were put into circulation. However, the government fear of hoarding these coins convinced the national bank to lower the mass and quality of silver used for the 1947 strike. Finally, no silver 5 forint coins were minted for general circulation after 1947.