25 Kroner - Olav V Liberation

Issued on the 25th anniversary of Norway's liberation from German occupation on May 8, 1945, this coin commemorates the return of King Haakon VII from exile in London — though it bears the effigy of his son Olav, who had served as commander-in-chief of Norwegian forces during the resistance. The five-year gap between liberation and Haakon's death in 1957 means Olav reigned for over a decade before this anniversary arrived on his watch.

Norway had been under German occupation since April 1940. Quisling's collaborationist government remains one of the more studied cases of wartime administrative complicity in occupied Western Europe.