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5 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1926-1934 |
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| Value | 5 Kroner |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer Store Norske Spitsbergen Kulkompani, til ihændehaveren varer for et -beløp av 5 - Fem kroner Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1933/34 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 1933/34 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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| Reverse lettering | 5 Kr. |
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| Comments |
Store Norske Spitsbergen Kulkompani was a coal mining operation on Svalbard, and like most isolated Arctic company towns, it ran on its own scrip rather than Norwegian krone — not by legal design but by geographic necessity. The nearest bank was hundreds of miles away across open water. Workers were paid in company currency, redeemable only at the company store, a system that kept wages circulating within the settlement rather than leaving with the men on supply ships.
Johan Anker was the company's managing director during much of this period. The countersignature by the "Kontorchef Spitsbergen" — the chief clerk on-site — reflects a dual authorization structure, one signatory in Oslo, one at the mine itself.