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1 Króna Skillemønt type I
| Issuer | Ríkissjóður Íslands (Icelandic State Treasury) |
|---|---|
| Year | 1920 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 1 Krona Samkvæmt Lögum 18. Sept 1885 og 12. Jan 1900 Fyrir Ríkissjóð Islands Printsmiðjan Gutenberg (Translation: According to Law of 18. September 1885 and 12. January 1900. On behalf of the State Treasury. Gutenberg Print Company) |
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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.