Iceland's postwar coinage of 1946 came on the heels of the country's formal declaration of independence from Denmark in June 1944, making these early Republic-era issues the first coins struck under full Icelandic sovereignty rather than as a Danish dependency. The transition was administratively abrupt — Iceland had already been self-governing in most practical matters since Danish occupation by Germany in 1940 effectively severed the relationship.
Struck at the Copenhagen Mint despite the political break, a contractual arrangement that continued for practical reasons well into the Republic period.
Iceland's postwar coinage of 1946 came on the heels of the country's formal declaration of independence from Denmark in June 1944, making these early Republic-era issues the first coins struck under full Icelandic sovereignty rather than as a Danish dependency. The transition was administratively abrupt — Iceland had already been self-governing in most practical matters since Danish occupation by Germany in 1940 effectively severed the relationship.
Struck at the Copenhagen Mint despite the political break, a contractual arrangement that continued for practical reasons well into the Republic period.