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| Issuer | Ríkissjóður Íslands (Icelandic State Treasury) |
|---|---|
| Year | 1922 |
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| Reference(s) | P#18 |
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|---|---|
| Obverse lettering | 1 Króna SAMKVÆMT LÖGUM 18. SEPT 1885 OG 12. JAN 1900 FYRIR RÍKISSJÓÐ ISLANDS (Translation: According to Law of 18. Sept. 1885 and 12. Jan 1900 For the State Treasury Iceland) |
| Reverse description | Printed entirely in blue on white paper, the reverse carries an all-over geometric guilloche underprint of interlocking floral and circular rosette patterns. At centre, the Icelandic coat of arms as adopted in 1919 is rendered in a detailed vignette, showing the quartered shield supported by the four traditional guardian spirits — dragon, eagle, bull, and giant — surmounted by a royal crown, with foliate scrollwork surrounding the central device. Denomination numerals '1' appear in blue at left and right within the patterned field. |
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| Comments |
Iceland's State Treasury began issuing small-denomination paper money — skillemønt, literally "change money" — to address a chronic shortage of coin that the country's remoteness made perpetually difficult to remedy. The Gutenberg press in Reykjavík handling the printing domestically was itself unusual for the period; most Scandinavian-adjacent territories were still routing currency work to Copenhagen or London.
The Type II designation distinguishes this from an earlier variant with differences in the signature configuration. Both circulated simultaneously for a period, which occasionally caused confusion at the counter level.