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50 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap (The Great Norwegian Spitsbergen Coal Company) |
|---|---|
| Year | 1924-1925 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Krone (1875-date) |
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| Obverse description | Typeset payment note printed entirely in red on cream paper, enclosed within a decorative red chain-link rectangular border. The issuer's name «Store Norske Spitsbergen Kulkompani Aktieselskap» is set in bold blackletter type at the centre, above the denomination «50 = Femti kroner» in large display type. Series and number boxes appear in the upper left and right corners respectively, with the full terms of use and validity conditions set in smaller roman type throughout the field, and the signature titles «Styrets formand» and «Kontorchef, Spitsbergen» printed at the lower left and right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Completely uniface; the reverse is left blank, printed on plain cream paper with no text, vignette, or other design elements. |
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| Comments |
Store Norske Spitsbergen Kulkompani was the dominant Norwegian coal operation on Svalbard from its founding in 1916, and by the early 1920s it had effectively become a company town operation — the remote Arctic settlements of Longyearbyen and Svea had no access to ordinary Norwegian banking infrastructure. These notes circulated exclusively within the company's Arctic settlements as a closed scrip system, redeemable only at the company store and valid nowhere else on earth.
The 1924–25 series is the most substantial denomination in the Store Norske scrip issues. High-value notes in isolated scrip systems rarely survive in any quantity — workers had strong incentive to spend or redeem them, not save them.