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10 Krónur - Christian IX Íslands Banki, privat bank issue

Issuer Íslands Banki (Bank of Iceland)
Year 1904
Type Standard circulation banknote
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Obverse lettering Íslands banki greiðir handhafa gegn seðli þessum Tíu krónur i gulli. Reykjavík 1904.
(Translation: The Bank of Iceland will pay the bearer against this banknote ten krónur in gold. Reykjavik, 1904.)
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Reverse lettering Íslands banki 10 10 10 Tíu krónur
(Translation: The Bank of Iceland Ten krónur)
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Íslands Banki was a privately chartered institution — not a state bank — operating under Danish authority at a time when Iceland had no monetary independence whatsoever. The 1904 series was printed by Giesecke & Devrient in Leipzig, a firm already well established in high-security currency work across Europe, and the watermarked paper reflects that standard of production even for a peripheral Atlantic island economy.

Christian IX had died in January 1906, meaning notes bearing his name were already carrying a dead king's title within two years of issue. The series continued circulating regardless.