10 Kroner Great Norwegian Spitsbergen Coal Company

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.