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1 Krone Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani A/S (Great Norwegian Spitsbergen Coal Company) |
|---|---|
| Year | 1919-1926 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | Betalingsmerke utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer Store Norske Spitsbergen Kulkompani, til ihændehaveren varer for et -beløp av 1 - En krone Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1922/23 at tilbakelevere til kontoret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsonens avslutning. Styrets formand. Kontordjef, Spitsbergen. (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company Against this payment note, which is issued for outstanding wages, The Great Norwegian Spitsbergen Coal Company delivers to the bearer goods for an amount of 1 krone Unused notes when the beares departs from Spitsbergen during the season 1922/23 is returned to the office against credit of the amount in the settlement. The note is invalid outside Spitsbergen and after the end of the season. Chairman of the board. Office manager, Spitsbergen.) |
| Reverse description | Plain off-white paper reverse with no underprint or decorative border. The denomination "1 Kr." is printed in large, bold serif numerals and letters with an engraved hatched fill, centred on the otherwise unadorned surface. |
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| Comments |
Store Norske Spitsbergen Kulkompani issued scrip currency for use exclusively within Longyearbyen — a coal-mining settlement on Svalbard so remote that ordinary Norwegian currency was impractical to supply and recover in sufficient quantity. The company effectively ran a closed economy: workers were paid in this scrip and spent it at the company store, keeping money from leaking out of the settlement entirely.
The SN21r reference denotes a remainder — unissued stock, which survived in quantity precisely because it never entered circulation. Genuine circulated examples from the 1919–1926 period are considerably harder to find.