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50 Øre Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1917-1918 |
| Type | Log in to see details |
| Value | 50 Øre |
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| Obverse description | Cream-toned note printed entirely in letterpress with Gothic blackletter typography. The issuer's name in ornate calligraphic script occupies the centre, flanked by scroll cartouches, with the denomination '50 — Femti øre' set within a decorative frame at mid-field. Series and number panels appear at upper left and right; a manuscript signature is present at lower left above the titles of the chairman and office manager. |
|---|---|
| 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 50 - Femti øre Ubenyttende betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1917/18 at tilbakelevere til kontoret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsonens avslutning. Styrets formand. Kontorchef, 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 50 øre Unused notes when the bearer departs from Spitsbergen during the season 1917/18 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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| Comments |
Store Norske Spitsbergen Kulkompani — commonly known as Store Norske — was established in 1916 after Norwegian investors bought out the American Arctic Coal Company's Svalbard operations. These scrip notes were the practical consequence of running a coal mining settlement at 78° North, days from the nearest bank. Workers were paid in company currency redeemable only at the company store, a system as old as industrial extraction itself but unusually stark given the geography.
The SN11r designation indicates a remainder — unissued stock — which survives in greater numbers than genuinely circulated examples. Used copies show heavy handling consistent with pocket wear in arctic conditions.