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1 Krone Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani A/S |
|---|---|
| Year | 1946-1956 |
| Type | Log in to see details |
| Value | 1 Krone |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Light green note printed on plain paper with a fine guilloche underprint across the entire field. The issuer's name, Store Norske Spitsbergen Kulkompani Aktieselskap, appears in bold letterpress at centre, above the denomination 1 – En krone in large bold type. The series designation and serial number are printed in the upper corners, with two manuscript signatures above their respective titles — Styrets formann (Chairman of the Board) at lower left and Kontorsjet, Spitsbergen (Office Manager, Spitsbergen) at lower right. A block of Norwegian text in the body sets out the conditions of use, referencing season 1946/47. |
|---|---|
| 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 operated the mining settlements at Longyearbyen and Svea under conditions that made conventional Norwegian currency both impractical and unnecessary. The company ran a closed economy — workers were paid partly in scrip redeemable only at the company store, a system that persisted well into the postwar period. These notes circulated exclusively within the archipelago's mining camps, never entering the mainland financial system.
The "r" suffix on the SN24r reference denotes a remainder, meaning unissued stock that survived without serial numbers or signatures. Remainders from this series appear more frequently than genuinely circulated examples, which tend to show the heavy wear expected from an industrial mining environment.