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10 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1918-1919 |
| Type | Local banknote |
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| Obverse description | Yellow-ochre guilloche underprint covers the entire face, with large numeral "10 Kr." as a pale watermark-style underprint at centre. The issuer's name in ornate blackletter script is set within a decorative cartouche at top. Denomination "10 — Ti kroner" appears in a scrollwork vignette at centre, with two facsimile signatures and printed titles at lower left and right. |
|---|---|
| Obverse lettering | Betalingsmerke utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer Store Norske Spitsbergen Kullkompani, til ihændehaveren varer for et beløp av 10 - Ti kroner Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1918/19 at tilbakelevere til kontoret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsonens avslutning. Styrets formand. Kontordjef, Spitsbergen. (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company Against this payment note, which is issued for outstanding wages, The Great Norwegian Spitsbergen Coal Company delivers to the bearer goods for an amount of 10 kroner Unused notes when the beares departs from Spitsbergen during the season 1918/19 is returned to the office against credit of the amount in the settlement. The note is invalid outside Spitsbergen and after the end of the season. Chairman of the board. Office manager, Spitsbergen.) |
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Store Norske Spitsbergen Kulkompani — commonly known as Store Norske — was established in 1916 after Norwegian interests bought out an American mining operation on Svalbard. The company issued its own scrip because the archipelago sat outside any national monetary jurisdiction: the Svalbard Treaty wasn't signed until 1920, leaving the mining settlement at Longyearbyen in a legal grey zone where no sovereign currency had formal status. Company scrip was the only practical medium of exchange.
The "r" suffix on SN38r denotes a remainder — unissued examples that were never formally cancelled, which is why they survive in higher numbers than circulated pieces. Genuinely used examples with wear tell a different story about daily life in an Arctic coal camp.