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Iceland's first coins were 10 and 25 aurar pieces introduced in 1922. These were followed in 1925 by 1 krona and 2 krona pieces and in 1926 by 1, 2 and 5 aurar pieces. In 1946, the coins' designs were altered to remove the royal monogram (CXR), following abolition of the Icelandic monarchy (which had formed a personal union with Denmark) in 1944.
The second contract came in April 1970 from the Central Bank of Brazil. The RCM produced 84 million blanks for the 50-centavo piece. [3]: 148 In August 1971, the People's Democratic Republic of Yemen placed an order for 2 million five-fil pieces. This was followed by an order from Iceland for 2.5 million one-crown pieces.
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals, and related objects.. Specialists, known as numismatists, are often characterized as students or collectors of coins, but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange goods.
European coins date back at least to the Roman Empire, though mass production didn't begin until later with a spike in the number of silver coins. The latter development signaled a "transformation ...
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals, and related objects. Specialists, known as numismatists , are often characterized as students or collectors of coins , but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange goods .
2005 Blackbook Price Guide to United States Paper Money ISBN 1-4000-4839-7 "Numismatic Terms and Methods" from the American Numismatic Society (archived 19 February 2007) The Complete Illustrated Guide to Coins & Coin Collecting by Dr. James Mackay, ISBN 0-681-45952-2 .
Nábrók or nábuxur (calqued as necropants, literally "corpse britches") are a pair of pants made from the skin of a dead human, which are believed in Icelandic witchcraft to be capable of producing an endless supply of money. It is highly unlikely these pants ever existed outside of folklore.
The modern coinage of Iceland frequently displays elements of the contemporary national coat of arms, including the shield and/or the four "guardian spirit" supporters. One notable example of a numismatic display of Icelandic heraldry is the 1974 bronze medallic coin pictured above.