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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.
Issued on 11 March 1980 – out of print as of 10 April 1990 and replaced by a coin. It features Pauline Maria Tutein , née Tath, and two house sparrows drawn by Gunnar Larsen (1919–1981). It was part of an April Fools' Day hoax in Denmark in which all notes on which the two sparrows only showed 3 legs were said to be counterfeited .
Danish krone: 1873–present Replaced Danish rigsdaler Faroe Islands: Faroese króna: 1949–present Form of Danish krone. Iceland: Icelandic króna: 1922–present Replaced Danish krone. Norway: Norwegian krone: 1875–present Replaced Norwegian speciedaler. [1] Sweden: Swedish krona: 1873–present Replaced Swedish riksdaler [1]
The latter's conversion to 4.50 German gold marks (hence, 1 krone = 1.125 marks) established the gold parity of the krone: one gram of fine gold worth 2.79 marks was equivalent to 2.48 krone (or 0.4032 g gold per krone).
So one öre in 1873 bought as much gold as 1.47 kronor in 2017. So if it is reasonable to have the smallest denomination coin 1 krona today, in 1873 a reasonable smallest denomination coin was 1 öre. A 10 kr gold coin weighed 4.4803 grams with 900 fineness so that the fine weight was 4.03327 grams or exactly 1/248th of a kilogram.
The reverse featured the coat of arms of Denmark with the denomination written underneath. [1] The coin was minted in the years 1875, 1876, 1892, and 1898. [2] A second silver krone was minted in 1915 and 1916, with King Christian X of Denmark on the obverse. [3] It was struck to the same specifications as the previous coin. [4]
The series contained 1 Krone, 2, 10, 20, 100, 1000, 5000, 50 000, 100 000 and 500 000 Kronen, later 10 000 Kronen (1 000 000 Kronen was planned but not issued). In 1923 the League of Nations Financial Committee, with support from the Bank of England under Montagu Norman , provided a loan to allow Austria to stabilize the krone against the U.S ...
From October 1992, the only coin in use in Sweden with a value below 1 kronor was the 50 öre coin. [2] On 18 December 2008, the Swedish Riksbank announced a recommendation to the Swedish government to phase out the final öre coin by 2010. [3] The coin ceased to be minted on 25 March 2009 [4] and ceased to be legal tender after 30 September 2010.
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