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1 Krone Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1926-1934 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Green guilloche underprint covers the entire face, over which the full text of the payment note is printed in black letterpress. The issuer's name, Store Norske Spitsbergen Kulkompani, appears in a bold Gothic script banner across the upper centre, with series designation and a serial number block at upper left and upper right respectively. The large overprinted numeral '1 Kr.' in pale green dominates the centre as a denomination underprint, with the written denomination '1 – En krone' in an ornamental cartouche at mid-field. A manuscript signature of the board chairman appears at lower left, with printed role designations at lower left and lower right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | 1 Kr. |
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| Comments |
Store Norske Spitsbergen Kulkompani — commonly shortened to Store Norske — operated a company scrip system at its Svalbard mining settlements because Norwegian currency was impractical to maintain in circulation at such remote Arctic outposts. The nearest bank was hundreds of miles away, resupply ships came infrequently, and workers rarely left the island between contracts. Scrip kept wages circulating internally, reducing cash drain and simplifying accounts at the company store.
The SN22r suffix indicates a remainder — unissued stock, likely held at the company office and never formally put into workers' hands. Remainders from this series survive in better condition than circulated examples, which suffered predictably hard use in a coal mining environment.