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10 Aurar
| Issuer | Central Bank of Iceland |
|---|---|
| Year | 1970-1974 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Aluminium-magnesium (96.5% Aluminium, 3.5% Magnesium) |
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| Obverse description | The Icelandic coat of arms, depicting a quartered shield charged with a cross, occupies the central field, flanked on either side by a symmetrical wreath of leafy branches tied with a ribbon bow at the base. The date of issue appears in the upper field above the shield. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | 1971 |
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| Additional information |
Iceland's shift to aluminium-magnesium for this denomination in 1970 reflected the same inflationary pressures squeezing small-denomination coinage across Scandinavia during that period — rising metal costs had made the previous bronze composition economically indefensible for a coin worth so little. The aurar itself was already a dying unit; by 1981, Iceland's króna revaluation at 100:1 rendered the entire aurar series obsolete overnight.