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1 Króna Skillemønt type I

Issuer Ríkissjóður Íslands (Icelandic State Treasury)
Year 1920
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Value 1 Króna (1 ISJ)
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Obverse description Printed in blue on white paper, the note is dominated by an intricate geometric guilloche pattern covering the entire surface. The denomination numeral '1' appears in two oval cartouches flanking a central vignette of the Icelandic coat of arms, supported by scrolling foliate ornament. Signatures and the serial number are positioned along the lower margin.
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Reverse lettering 1 1
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Comments

Iceland's State Treasury began issuing its own small-denomination currency — skillemønt, literally "change money" — partly because coin supplies from Denmark had become unreliable following the disruptions of the First World War. The 1920 series was among the earliest paper money printed domestically in Iceland, with Prentmiðstöðin Gutenberg in Reykjavík handling production rather than the established European security printers typically engaged for such work.

That domestic printing origin is worth noting. Security printing infrastructure in Iceland at the time was rudimentary, and the notes reflect it — simpler design execution than contemporary Scandinavian issues, with limited anti-counterfeiting sophistication.