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10 Øre Bear Island
| Issuer | Bjørnøen A.S. |
|---|---|
| Year | 1923-1924 |
| Type | Log in to see details |
| Value | 10 Øre (0.10 NOK) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke utstedt av BJØRNØEN A.S. Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer BJØRNØEN A.S. til ihændehaveren varer for et beløp av 10 øre TI ØRE fra selskapets butik paa Bjørnøen ADM. DIREKTØR KONTORCHEF, BJØRNØEN. (Translation: Payment note issued by Bear Island LLC Against this payment note, which is issued for outstanding wages, Bear Island LLC delivers to the bearer goods for an amount of 10 øre from the company's store on Bear Island. Managing Director Office manager, Bear Island.) |
| Reverse description | Unprinted reverse on plain light brown paper; show-through of obverse letterpress text is visible due to the thinness of the stock. |
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| Comments |
Bjørnøen A.S. was a Norwegian mining company that operated a coal concession on Bear Island — a remote Norwegian territory in the Barents Sea, roughly halfway between Svalbard and the North Cape. Company scrip of this kind was a practical necessity: the island had no official monetary infrastructure, and workers needed a medium of exchange that could only be spent at the company store, tying wages directly back to the employer.
The 1923–1924 dating brackets a short operational window. The coal venture ultimately proved uneconomical, and the company's activities wound down not long after.