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10 Kroner Bear Island
| Issuer | Bjørnøen A.S. |
|---|---|
| Year | 1920-1921 |
| Type | Log in to see details |
| Value | 10 Kroner (10 NOK) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke utstedt av BJØRNØEN A.S. Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer BJØRNØEN A.S. til ihændehaveren varer for et beløp av kroner 10 TI KRONER Ubenyttede betalingsmerker blir ved ihændeha- verens avreise fra Bjørnøen i sæsonen 1920-21 at tilbakelevere til kontoret mot beløpets god- skrivning i opgjøret. Merket er ugyldig uten- for Bjørnøen og efter sæsonens slut. DISPONENT KONTORCHEF, BJØRNØEN. (Translation: Payment note issued by Bear Island LLC Against this payment note, which is issued for outstanding wages, Bear Island LLC delivers to the bearer good for an amount of 10 kroner. Unused payment notes should when the bearer departs from Bear Island in the season 1920/21 be returned to the office against credit of the amount in the settlement. The note is invalid outside Bear Island and after the end of the season. Manager Office manager, Bear Island.) |
| Reverse description | Reverse is uniface, left plain with no printed design, text, or ornamentation on the light brown paper stock. |
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| Comments |
Bjørnøen A/S was a Norwegian mining company that briefly held a concession to exploit coal on Bear Island — the remote Norwegian possession roughly halfway between Spitsbergen and the North Cape. During the early 1920s, before Svalbard's international status was settled under the 1920 Paris Treaty, the company issued its own scrip for use among its workforce. These notes functioned as a closed internal currency, redeemable only at the company store, with no standing outside the island's operations.
The mining venture failed quickly. Notes from this issue survived in tiny numbers, mostly because the workforce itself was tiny and the scrip's circulation period extremely short.