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100 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1976-1978 |
| Type | Log in to see details |
| Value | 100 Kroner |
| Currency | Log in to see details |
| Composition | 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 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke for tilgodehavende lønn, utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap 100 HUNDRE KRONER 100 Merket er ugyldig utenfor Spitsbergen. Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen å tilbakelevere til kontoret mot beløpets godskrivning i lønnsoppgjør. Selskapets innløsningsplikt bortfalleretter nærmere kunngjøring på Spitsbergen. Styrets formann. Kontorsjef, Spitsbergen. (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company for due wages 100 kroner The note is invalid outside Spitsbergen. Unused payment notes must be returned upon the holder`s departure from Spitsbergen to the office againt 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 | «Not valid outside Spitsbergen.» 100 |
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| Comments |
Store Norske Spitsbergen Kulkompani — commonly known as SNSK — operated Longyearbyen under a system of near-total economic isolation. The Svalbard archipelago's peculiar legal status under the 1920 Spitsbergen Treaty meant Norway held sovereignty but couldn't impose full Norwegian monetary law without complications; SNSK effectively ran a company town, and these scrip notes were the practical result. Workers were paid in company currency redeemable only at the company store.
The 1976–1978 dating covers a transitional period when SNSK was shifting from fully private operation toward majority state ownership, which Norway completed in 1978. These notes were phased out as the company town model unwound and Norwegian kroner took over entirely.