1 Krone Great Norwegian Spitsbergen Coal Company

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.