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1 Króna Non-magnetic
| Issuer | Central Bank of Iceland |
|---|---|
| Year | 1981-1987 |
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| Composition | Log in to see details |
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| Technique | Milled |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | EIN KRÓNA ÍSLAND 1981 (Translation: One Króna Iceland 1981) |
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| Additional information |
Iceland's króna denominations were overhauled in 1981 following a decade of punishing inflation — by that point the old 1 króna coin had effectively no purchasing power, and the entire coinage system was rationalised before a full monetary reform replaced the króna itself with the new króna at 100:1 in 1981. This copper-nickel issue therefore had an unusually short functional life, circulating into a period of continued inflation that rendered small denominations nearly redundant before the series was even discontinued.
The SIEG 27.1 designation distinguishes this non-magnetic type from a later steel-core variant, a distinction that trips up casual collectors more often than it should.