500 Kroner Great Norwegian Spitsbergen Coal Company

Store Norske Spitsbergen Kulkompani — colloquially "Store Norske" — operated the Norwegian coal mining settlements on Svalbard, and for decades the company issued its own scrip currency for use exclusively within those settlements. Longyearbyen and Svea were company towns in the strictest sense: workers lived in company housing, shopped in company stores, and were paid partly in currency that had no value anywhere else on earth. The Norwegian state acquired majority ownership of Store Norske in 1945, making this effectively a government-controlled scrip system operating under a private corporate name.

The SN60r suffix indicates a remainder — unissued stock, never formally put into circulation. Remainders from this series surface more often than circulated examples, which were typically redeemed and destroyed when workers left the archipelago.