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10 Øre The Norwegian Spitsbergen Syndicate
| Issuer | Det norske Spitsbergensyndikat (The Norwegian Spitsbergen Syndicate) |
|---|---|
| Year | 1916-1917 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 120 x 70 mm |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Protection type | Watermark |
| Protection description | Partial portion of large text watermark reading 'ALVØENS NORMAL 1000', visible in the paper stock. |
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| Comments |
Det norske Spitsbergensyndikat operated coal mines at Advent Bay on Svalbard and issued this note — along with a small series of other denominations — as company scrip for use among its workforce at the settlement. The archipelago had no formal monetary system at the time; Norway would not exercise full sovereignty over Svalbard until the 1920 Treaty of Paris came into force in 1925, leaving mining companies to run their camps largely as self-contained economies.
Emil Moestue in Kristiania (the city was renamed Oslo in 1925) printed the series, and the watermark is the most substantive security feature for a note intended to circulate only within a single remote settlement. Redemption outside the camp was never the point.