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50 Øre Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1919-1926 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| 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 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 Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1921/22 at tilbakelevere til kontoret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsonens avslutning. Styrets formand. Kontordjef, 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 beares departs from Spitsbergen during the season 1921/22 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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| Reverse lettering | 50øre |
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| Comments |
Store Norske Spitsbergen Kulkompani — commonly abbreviated SNSK — operated the coal mining settlement at Longyearbyen on Svalbard and issued its own scrip currency for use within that closed company town. Workers were paid partly in this local currency, redeemable only at the company store. The arrangement kept money circulating inside the settlement and reduced the logistical burden of importing Norwegian krone in sufficient quantity to a remote Arctic archipelago with no permanent civilian banking infrastructure.
The SN13r designation indicates a remainder — unissued stock, never formally put into circulation. Remainders from this series survive in higher numbers than genuinely circulated examples, which took considerable punishment in a mining camp environment.