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10 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1976 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | NP#SN45 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke for tilgodehavende lønn, utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap 10 TI KRONER 10 Merket er ugyldig utenfor Spitsbergen. Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen å tilbakelevere til kontoret mot beløpets godskrivning i lønnsoppgjør. Selskapets innløsningsplikt bortfaller etter nærmere kunngjøring på Spitsbergen. Styrets formann Kontorsjef Spitsbergen (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company for due wages 10 kroner The note is invalid outside Spitsbergen. Unused payment notes must be returned upon the holder`s departure from Spitsbergen to the office againt the amount being credited on the payroll. The company`s obligation ceases after further announcement on Spitsbergen. Chairman of the board. Office manager, Spitsbergen.) |
| Reverse description | Log in to see details |
| Reverse lettering | 10 «Not valid outside Spitsbergen.» 10 |
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| Comments |
Store Norske Spitsbergen Kulkompani — majority-owned by the Norwegian state since 1932 — issued a series of company scrip for use exclusively at Longyearbyen on Svalbard, where the archipelago's legal status under the 1920 Spitsbergen Treaty created a peculiar economic enclave. Norwegian sovereignty applied, but the remote logistics of arctic coal mining made a closed-currency system practical well into the late twentieth century. Workers were paid partly in this scrip, redeemable only at the company store.
The 1976 series is among the last issued before the transition to normal Norwegian kroner retail banking on the island. Svalbard scrip from this period is increasingly difficult to find in unfolded condition — pocket wear from miners is the rule, not the exception.