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10 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1926-1934 |
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| Reference(s) | NP#SN40, SN40r |
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|---|---|
| Obverse lettering | Serie p Betalingsmerke utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer Store Norske Spitsbergen Kulkompani, til ihændehaveren varer for et -beløp av 10 - Ti kroner Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1933/34 at tilbakelevere til kontoret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsonens avslutning. Styrets formand. Kontordjef, Spitsbergen. |
| Reverse description | The reverse is printed in a plain, unadorned style, carrying the large bold numeral "10" centred on the note, accompanied by the abbreviation "Kr." denoting Kroner, with no additional vignette or guilloche ornamentation. |
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| Comments |
Store Norske Spitsbergen Kulkompani — the Great Norwegian Spitsbergen Coal Company — operated its own internal scrip currency on Svalbard because the archipelago's legal status made conventional Norwegian banking infrastructure essentially absent. Under the 1920 Spitsbergen Treaty, Norway gained sovereignty but the territory remained demilitarized and open to foreign nationals, which complicated ordinary commerce. Company scrip was the practical solution for paying miners and running the company store at Longyearbyen.
Grøndahl & Søn, a respected Oslo printing house, produced the notes to a reasonably professional standard for what was functionally a closed-economy token. The "r" suffix on the Pick reference denotes a remainder — unissued examples exist, which accounts for their relative availability compared to circulated copies that survived the Arctic.