Iceland's millennium settlement coinage was issued to mark 1100 years since the first permanent Norse settlement of the island, traditionally dated to 874 AD when Ingólfur Arnarson established his farmstead at what is now Reykjavík. The Central Bank commissioned this heavy sterling piece as part of a broader commemorative program — an unusual move for a nation that had, for most of its monetary history, relied on Danish coin production rather than domestic minting.
Designed by Gunnlaugur Scheving, the issue was struck at the Royal Mint in London.
Iceland's millennium settlement coinage was issued to mark 1100 years since the first permanent Norse settlement of the island, traditionally dated to 874 AD when Ingólfur Arnarson established his farmstead at what is now Reykjavík. The Central Bank commissioned this heavy sterling piece as part of a broader commemorative program — an unusual move for a nation that had, for most of its monetary history, relied on Danish coin production rather than domestic minting.
Designed by Gunnlaugur Scheving, the issue was struck at the Royal Mint in London.