5 Kroner Den Kongelige Grønlandske Handel. Type II: Straight edge, watermark

Den Kongelige Grønlandske Handel was never a bank in any conventional sense — it was a Danish state monopoly that controlled virtually all commerce in Greenland from 1774 onward, and its scrip functioned as a closed-currency system usable only within the colony. Notes could not be exchanged for Danish kroner on the mainland, a deliberate mechanism to prevent capital leaving Greenland and to keep the indigenous Greenlandic population economically bound to company stores.

The Type II designation distinguishes this from the earlier deckle-edged printing, the straight cut being a later production refinement. Watermarked examples are notably harder to locate than the unwatermarked variants in this series.