Owner Comments:
On this example (20.90g, 33mm x 3.1mm), the bust of Horthy was reduced in size to accommodate the addition of the 75th birthday legend underneath his bust. As such this is the first example to feature an obverse design closer to the type of 1943 than to the type of 1939, however, unlike the 1943 business strike which was aluminum with a reeded edge, this coin was struck in silver with a decorative edge.
I don't know if they were considering producing this coin in silver at the reduced size instead of making the change to aluminum, or if this was just struck in silver for presentation purposes for evaluators. In support of it being a presentation piece, the two silver iterations (this one and the following pattern) when examined together serve as examples of all styles used in the 1943 design iterations: both small diameters (32.81mm and 33mm), both planchet thicknesses ignoring the piedfort (2.75mm and 3.1mm), and both edge styles.
Either way, the mint continues to experiment with the size and thickness here. The edge decoration is extremely interesting as it was most likely intended as a decorative edge “sampler” for evaluation. It uses 4 different styles of edge decoration, each style covering a quarter of the edge, and it is well struck.