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10 Krónur - Christian IX Íslands Banki, privat bank issue
| Issuer | Íslands Banki (Bank of Iceland) |
|---|---|
| Year | 1904 |
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| Printer | Giesecke & Devrient, Leipzig, Germany |
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| Obverse description | Grey-blue intaglio print on white paper with a left-positioned portrait vignette of King Christian IX of Denmark. The central and right sections carry the promissory text and denomination value within an ornamental frame that repeats the numeral in each corner. A guilloche border encloses the entire composition. |
|---|---|
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| Protection type | Watermark |
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| Comments |
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.