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1 Kopeck

Issuer Arktikugol Trust (Государственный трест «Арктикуголь»)
Year 1979
Type Local banknote
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Obverse description Olive-green coupon on a fine guilloche underprint with a light green rosette watermark pattern at centre. Two symmetrical guilloche vignettes bearing the numeral "1" flank the left and right margins. The upper portion carries multi-line Cyrillic text attributing the note to the USSR Ministry of Coal Industry and the State Trust "Arktikugol"; below, the word ТАЛОН appears alongside a red serial number, followed by the denomination ОДНА КОПЕЙКА in large capitals. A lower legend restricts use to internal settlements at Arktikugol enterprises.
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Reverse lettering ПРИ УТЕРЕ НЕ ВОЗОБНОВЛЯЕТСЯ
НЕИСПОЛЬЗОВАННЫЕ ТАЛОНЫ ПОДЛЕЖАТ ВОЗВРАТУ В КАССУ ПРЕДПРИЯТИЯ
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Arktikugol — the Soviet state trust that ran coal mining on Svalbard — issued its own scrip currency for use at the company settlement of Barentsburg, a practice rooted in practical necessity: Norwegian krone circulated on the archipelago under the terms of the 1920 Svalbard Treaty, but the Soviets had no interest in paying their workers in foreign exchange. These coupons served as the internal spending medium, redeemable only at the company store.

The 1979 series replaced earlier issues as the settlement population stabilized around several hundred miners. Scrip from Barentsburg turns up rarely in Western collections — it had no reason to leave the island.

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