| Aversbeschreibung |
The Icelandic coat of arms is displayed prominently in the center of the field, flanked by the four Landvættir (protective spirits) of Iceland: Griðungur the bull, Gammur the eagle, Dreki the dragon, and Bergrisi the giant. The legend ÍSLAND and the denomination 500 KRÓNUR appear within the surrounding inscription. The heraldic composition reflects a traditional Icelandic artistic style. |
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| Reversbeschreibung |
A right-facing bust portrait of Jón Sigurðsson, the prominent Icelandic statesman and leader of the independence movement, rendered in high relief with careful attention to facial detail and period costume. The legend JÓN SIGURÐSSON arcs above the effigy along the upper rim, while the dates 1811 · 17. JÚNI · 1961 curve along the lower rim, commemorating the 150th anniversary of his birth on Iceland's national day. |
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Issued to commemorate the 150th anniversary of the birth of Jón Sigurðsson, the Icelandic scholar and statesman who led the independence movement against Danish rule throughout the mid-19th century. Iceland had no tradition of gold coinage — this was effectively the country's first modern gold issue, produced in extremely limited quantities for collectors rather than circulation. The Danish Royal Mint struck the pieces.
Sigurðsson never lived to see home rule, which finally came in 1904, nor full sovereignty in 1944.