1 Krone Great Norwegian Spitsbergen Coal Company

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.