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1000 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1976-1978 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse repeats the same dense typographic underprint of "STORENORSKESPITSBERGENKULKOMPANI" in red across the entire field, printed in a continuous pattern on white paper. A large numeral "1000" is formed negatively within the underprint at the center, visible as a void in the repeating text pattern, with the figure "1000" also printed in red at each corner. The cautionary legend "Not valid outside Spitsbergen." appears in bold black letterpress type within guillemets along the lower center. |
| Reverse lettering | 1000 KRONER «Not valid outside Spitsbergen.» |
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| Comments |
Store Norske Spitsbergen Kulkompani — majority-owned by the Norwegian state since 1934 — issued scrip currency for use exclusively within the Longyearbyen settlement on Svalbard. The archipelago's peculiar legal status under the 1920 Spitsbergen Treaty meant Norwegian law applied only selectively, and the company ran what was functionally a closed company town: housing, shops, and wages all managed in-house. Scrip kept spending within the company's own retail infrastructure and simplified accounting at the edge of the Arctic.
By the late 1970s, when this denomination was in circulation, the Norwegian government was actively pushing to normalize Longyearbyen's economy. The scrip system was wound down shortly after, replaced by standard Norwegian kroner.