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| Issuer | Landssjóður Íslands (Treasury of Iceland) |
|---|---|
| Year | 1886 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | TÍU KRÓNUR Gefinn út samkvæmt lögum 18.septbr.1885. Fyrir landssjód Islands |
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| Protection description | Stylised ÍL monogram for Landssjóður Íslands |
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| Comments |
Iceland had no central bank in 1886 — the Landssjóður Íslands was the national treasury, and these notes were issued under Danish Crown authority, reflecting Iceland's status as a dependency rather than an independent monetary power. The series was designed by Henrik Olrik, a Danish artist better known for his medallic work, which gives the engraving an unusually sculptural quality for a small-circulation colonial issue. H.H. Thiele in Copenhagen handled the printing, as they did for much of Scandinavia's official document work in this period.
Pick 2 is scarce in any grade. Iceland's population was under 70,000, and physical circulation in a dispersed rural island economy was punishing on paper.