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50 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap (The Great Norwegian Spitsbergen Coal Company) |
|---|---|
| Year | 1938-1942 |
| Type | Vouchers |
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| Currency | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | 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 lønn, utleverer Store Norske Spitsbergen Kulkompani til ihændehaveren varer for et beløp av 50 = femti kroner Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsongen 1941/42 at tilbakelevere til konto= ret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsongens avslutning. Styrets formann. Kontorchef, Spitsbergen. |
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| Protection type | Watermark |
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| Comments |
Store Norske Spitsbergen Kulkompani was a private coal mining company operating in Longyearbyen under a Norwegian state concession, and its scrip notes functioned as the de facto currency of an Arctic settlement with no bank, no postal money order service, and no practical means of spending Norwegian krone. Workers were paid partly in this company currency, redeemable only at the company store — a closed economic loop that was entirely deliberate.
Emil Moestue in Oslo printed the series, which remained in use through the German occupation of Svalbard. The Kriegsmarine evacuated Longyearbyen in 1941, effectively ending circulation.