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1 Krone Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani A/S |
|---|---|
| Year | 1946-1956 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap Mot dette betalingsmerke, som er utstedt for tilgodehavende lønn, utleverer Store Norske Spitsbergen Kulkompani, til ihendehaveren varer for et beløp av 1 - En krone Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen i sesongen 1946/47 å tilbakelevere til kontoret mot beløpets godskriving i oppgjøret. Merket er ugyldig utenfor Spitsbergen og efter sesongens avslutning. Styrets formann. Kontorsjet, 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 bearer departs from Spitsbergen during the season 1946/47 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 | 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.