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50 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1973 |
| Type | Log in to see details |
| Value | 50 Kroner |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| 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 for tilgodehavende lønn, utstedt av Store Norske Spitsbergen Kulkompani Aktieselskapet 50 FEMTI KRONER 50 Merket er ugyldig utenfor Spitsbergen. Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen å tilbakelevere til kontoret mot beløpets godskrivning i lønnsoppgjør. Selskapets innløsningsplikt bortfaller etter nærmere kunngjøring på Spitsbergen. Styrets formann Kontorsjef Spitsbergen (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company for due wages 50 kroner The note is invalid outside Spitsbergen. Unused payment notes must be returned upon the holder's departure from Spitsbergen to the office against the amount being credited on the payroll. The company's obligation ceases after further announcement on Spitsbergen. Chairman of the board. Office manager, Spitsbergen.) |
| Reverse description | Log in to see details |
| Reverse lettering | 50 KRONER |
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| Comments |
Store Norske Spitsbergen Kulkompani — commonly shortened to SNSK — operated a company town economy at Longyearbyen on Svalbard, where the Norwegian state held a majority stake from 1945 onward. These scrip notes functioned as a parallel currency within the settlement, used at the company store and for internal transactions among miners who had limited access to mainland Norwegian banking infrastructure. The archipelago's unique legal status under the 1920 Svalbard Treaty complicated the use of standard Norwegian krone in everyday settlement commerce.
The 1973 date places this issue well into the Soviet-era rivalry period, when the Soviet mining trust Arktikugol operated its own parallel economy at Barentsburg — each company effectively running a separate monetary microclimate on the same island.