1 Øre - Olav V

Norway's 1 øre survived into the postwar decades largely through bureaucratic inertia — the denomination had no meaningful purchasing power by the late 1950s and was functionally ignored in everyday transactions. Olav V had ascended following his father Haakon VII's death in 1957, and the new coinage types were introduced quickly, more as a matter of regal protocol than monetary necessity.

The series was finally discontinued after 1972, and the 1 øre was demonetized entirely in 1972 alongside the 2 øre.