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50 Øre

Issuer Den Kongelige Grønlandske Handel
Year 1911
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Composition Paper
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Obverse description Brown monochrome note with a central vignette of a seal resting on an ice floe amid an Arctic seascape with icebergs in the background. The Danish royal coat of arms appears at the left and the Greenland bear coat of arms at the right, flanking the central design, with ornate guilloche scrollwork at the corners. The denomination '50 ØRE' is printed in large letterpress text above the vignette, and the issuer's name 'DEN KGL. GRØNLANDSKE HANDEL - KØBENHAVN - 1911' runs along the lower margin.
Obverse lettering No
DENNE ANVISNING GÆLDER
VED HANDELSSTEDERNE I GRØNLAND FOR
50 ØRE
NOTERET
DEN KGL. GRØNLANDSKE HANDEL - KØBENHAVN - 1911
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Comments

Den Kongelige Grønlandske Handel — the Royal Greenlandic Trade monopoly — issued this note as part of a closed currency system designed explicitly to keep Greenlandic workers spending within company-controlled stores. Notes could not be exchanged for Danish kroner outside Greenland, which was the point. The 50 Øre denomination served the low end of daily transactions in a trading economy still heavily dependent on hunting quotas and barter equivalents.

The P#8 series dates from a period when the KGH was the effective administrative and economic authority over the entire island. Printed in Copenhagen but functionally useless beyond the settlements it served.