Catalog
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| Issuer | Arktikugol Trust |
|---|---|
| Year | 2013 |
| Type | Fantasy coin |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Cyrillic |
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| Reverse description | A harp seal (Pagophilus groenlandicus) is depicted resting on an Arctic ice floe in the central field, rendered in detailed relief with its characteristic rounded body and expressive face turned toward the viewer. Icy waters and distant snow-covered landmasses form the background scene, conveying the Arctic habitat. The legend 'ГРЕНЛАНДСКИЙ ТЮЛЕНЬ' (Greenland seal) curves along the upper periphery in Cyrillic script. The composition is naturalistic in style, occupying the full diameter of the coin's field. |
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| Additional information |
Arktikugol — the Soviet-era coal mining trust still operating on Svalbard under Norwegian sovereignty — has issued spitsbergen tokens since the 1930s as a practical substitute for Norwegian krone within its isolated mining settlements at Barentsburg and Pyramiden. These copper-nickel pieces circulate exclusively within those communities under a long-standing arrangement that Norway tolerates under the 1920 Spitsbergen Treaty, which grants Russian nationals the right to conduct commercial activities on the archipelago. Pyramiden itself was abandoned in 1998, leaving Barentsburg as the sole active settlement where these tokens still see any use.