1 Krona Swedish Rock Coal Company Spitsbergen LC

Svenska Stenkolsaktiebolaget Spetsbergen operated a coal mining concession on Svalbard during the early 1920s, one of several Scandinavian enterprises competing for the archipelago's deposits before the 1920 Spitsbergen Treaty fully normalized Norwegian administrative control. Remote mining camps with no access to conventional banking required their own internal currency, and this note is precisely that — a scrip instrument redeemable only within the company's own settlement economy.

The "r" suffix in the SS16r reference designation indicates a remainder, unissued stock rather than a circulated example. Remainders from Spitsbergen mining scrip survive in disproportionate numbers relative to genuinely used pieces, since most companies abandoned operations before fully depleting their printed stocks.