Francis II Rákóczi was born on March 27, 1676 in Gyulafehérvár, the son of Francis Rákóczi and Ilona Zrínyi, a member of the Rákóczi family, which was a famous noble family in Hungarian history. In 1704, Gyulafehérvárott was elected prince of Transylvania. He was the last one to hold this position.

He was the leader of the Rákóczi freedom struggle. This rebellion took place between 1703 and 1711 against the Habsburg Empire in the name of independence and unity. In the background of the war of independence was the discontent of the Hungarian nobles due to the rule of the Habsburgs, because of which they tried to oust the Hungarian nobility from power. Led by Rákóczi, the Hungarian nobles and peasants rebelled together against the Habsburgs. The rebellion had broad social support, but did not achieve the desired result. The Peace of Szatmár, which ended the War of Independence, ended with a compromise, despite the fall, which prevented the integration of Hungary into the Habsburg Empire, and the order's constitution, albeit apparently, survived until 1848.

After the Vienna Peace Agreement, Rákóczi was forced to flee into exile, to the Turkish Empire, to Rodostó. There, he continued to engage in political activity and sought support for the Hungarian cause.

In 1733, during the War of the Polish Succession, he could have returned to his homeland, but this did not happen. Two years later, in 1735, he died without an heir.

His motto in Latin became his watchword: Cum Deo pro patria et libertate! (With God for the country and freedom!)

The II. The freedom struggle led by prince Ferenc Rákóczi had its own coinage. At the beginning of the freedom struggle, the prince minted gold ducats, silver half-talers (silver forints) and polturas. However, the precious metal was needed to buy weapons, so 20, 10, 1 and for a short time 4 polturs were issued in copper for internal money circulation. The inscription on the 20 and 10 polturas was PRO LIBERTATE ('for freedom'), which is why the people called them libertarians. Contrary to the custom of the time, Rákóczi did not put his face on his coins, his coins depicted the Hungarian coat of arms and the Madonna. they were also counterfeited, so they were discounted by 60%. The negotiable 20 and 10 polturs were provided with a small image of Madonna as a counter-ticket. After 1711, these were only the memories and relics of the freedom struggle.