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10 Øre Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1957 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Krone (1875-date) |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke for tilgodehavende lønn, utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap 10 - Ti øre Merket er ugyldig utenfor Spitsbergen. Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen å tilbakelevere til kontoret mot beløpets godskrivning i lønnsoppgjør. Selskapets innløsningsplikt bortfaller etter nærmere kunngjøring på Spitsbergen. Styrets formann. Kontorsjef, Spitsbergen. (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company for due wages 10 øre The note is invalid outside Spitsbergen. Unused payment notes must be returned upon the holder's departure from Spitsbergen to the office against the amount being credited on the payroll. The company's obligation ceases after further announcement on Spitsbergen. Chairman of the board. Office manager, Spitsbergen.) |
| Reverse description | Log in to see details |
| Reverse lettering | 10 øre |
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| Comments |
Store Norske Spitsbergen Kulkompani — the state-backed Norwegian mining company that has operated on Svalbard since 1916 — issued its own internal scrip for use at Longyearbyen, the company town where for decades essentially all commerce was company-controlled. These notes functioned as a closed-currency system: workers were partly paid in scrip redeemable only at the company store, a practice that persisted well into the postwar period and drew occasional criticism as a form of wage capture.
The 1957 series is among the later issues before internal scrip use was gradually wound down as Longyearbyen's economy opened up. Svalbard's unique treaty status — no customs, no VAT, Norwegian sovereignty but international access — made conventional monetary policy irrelevant here anyway.