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100 Krónur - Christian IX Íslands Banki, privat bank issue

Issuer Íslands Banki
Year 1904
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Size 157 × 102 mm
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Obverse lettering Hundred Krónur. Íslands banki greiðir handhafa gegn seðli þessum Hundred krónur i gulli. Reykjavík 1904.
(Translation: 100 Krónur. The Bank of Iceland will pay the bearer against this banknote 100 krónur in gold. Reykjavik, 1904.)
Reverse description Red guilloche underprint with blue value numerals and ornamental patterning. The Icelandic coat of arms occupies the centre, flanked by the denomination on either side. Corner cartouches repeat the value and the bank name.
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Íslands Banki was a privately held Danish-Icelandic institution established in 1904, the same year this note was issued — making P#13 part of the bank's inaugural series. Iceland had no central bank of its own until 1961; for the intervening decades, currency was issued by successive private and state-chartered banks operating under Danish supervision, with the Króna formally tied to the Danish monetary system.

Giesecke & Devrient's involvement brought a level of intaglio precision unusual for the volume of notes Iceland actually required. The print runs were small — Iceland's population was under 80,000 at issue — and surviving examples at any grade are genuinely uncommon. Christian IX died in January 1906, meaning notes bearing his name circulated only briefly before becoming historically dated.