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5 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1918-1919 |
| Type | Local banknote |
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| Obverse description | Typeset note printed on plain beige paper in black ink, entirely text-based with no pictorial vignette. The issuer's name, Store Norske Spitsbergen Kulkompani, is set in an ornate Gothic blackletter typeface at centre, flanked by decorative scroll flourishes, with the denomination '5 - Fem kroner' similarly rendered in a large ornamental cartouche. Series and number designations appear in rectangular boxes at upper left and upper right respectively, and two manuscript signatures with their printed titles occupy the lower portion of the note above a large ghost underprint of the denomination numeral. |
|---|---|
| Obverse lettering | Betalingsmerke utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer Store Norske Spitsbergen Kullkompani, til ihændehaveren varer for et beløp av 5 - Fem kroner Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1918/19 at tilbakelevere til kontoret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsonens avslutning. Styrets formand. Kontordjef, Spitsbergen. (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company Against this payment note, which is issued for outstanding wages, The Great Norwegian Spitsbergen Coal Company delivers to the bearer goods for an amount of 5 kroner Unused notes when the beares departs from Spitsbergen during the season 1918/19 is returned to the office against credit of the amount in the settlement. The note is invalid outside Spitsbergen and after the end of the season. Chairman of the board. Office manager, Spitsbergen.) |
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| Comments |
Store Norske Spitsbergen Kulkompani was established in 1916 to exploit the Sverdrup coalfields on Spitsbergen, and these scrip notes were issued specifically for internal use at Longyearbyen — a company settlement so remote that Norwegian krone had little practical utility. Workers received wages partly in this scrip, redeemable only at the company store. It was a closed monetary loop by design, not oversight.
The SN28r designation indicates a remainder — unissued stock — which is the form most commonly encountered. Fully issued and cancelled examples from actual circulation at the mine are considerably harder to place.