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10 Kroner K-Grudes konfeksjonsfabrikk A/S

Issuer K-Grudes Konfeksjonsfabrikk A/S
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Reference(s) NP#150
Obverse description Letterpress-printed in black on light security paper, the note is enclosed within a border of dots and curved lines. The text body presents the denomination and redemption terms in Norwegian, with a handwritten payee name on a printed line. The company logo appears as a vignette in the lower left corner, accompanied by a printed facsimile signature of K-Grudes Konfeksjonsfabrikk A/S.
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Protection description NATIONAL SAFETY PAPER watermark with anchor motif, visible on the reverse
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K-Grudes Konfeksjonsfabrikk was a Norwegian clothing manufacturer, and this 10 Kroner note is a piece of nødpenger — emergency scrip issued by a private employer for use within a controlled local economy, most likely a company store arrangement. Norwegian private scrip of this type proliferated during periods when coin and state currency were scarce or hoarded, particularly around the First and Second World Wars, though the exact issuance window for this piece is not firmly established in the literature.

The watermark is a notable detail for scrip of this origin — most employer-issued notes cut costs wherever possible, making a security feature like this relatively uncommon at the factory level.