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50 Øre Den Kongelige Grønlandske Handel. Type I: Perforated edge
| Issuer | Den Kongelige Grønlandske Handel (The Royal Greenlandic Trade) |
|---|---|
| Year | 1911 |
| Type | Log in to see details |
| Value | 50 Øre (0.5 DKK) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | DENNE ANVISNING GÆLDER VED-HANDELSSTEDERNE-I-GRØNLAND-FOR 50-ØRE DEN KGL. GRØNLANDSKE HANDEL-KØBENHAVN 1911 (Translation: This note is valid at the Trading Posts in Greenland for 50 Øre The Royal Greenlandic Trade. Copenhagen 1911) |
| Reverse description | Blank. |
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| Comments |
Den Kongelige Grønlandske Handel held a state-granted monopoly over all commerce in Greenland, and its paper money functioned as a closed-currency system — notes were valid only within Greenland and could not be exchanged outside the colony. This was deliberate policy, designed to prevent capital from leaving the territory and to keep the indigenous population economically tied to company-run stores.
The perforated edge on Type I distinguishes it from later issues and was almost certainly a security measure against counterfeiting, unusual for a currency with such a geographically restricted circulation. Few notes from this series survive in any condition; the harsh Arctic environment and the eventual demonetization of the KGH currency system took a heavy toll on extant examples.