Iceland 500 Krónur

$1.75

Do you have a Iceland 500 Krónur Coin? Here’s how to exchange it with us.
  • Tell us how many 500 Krónur Coins you want to exchange
  • Click on the ‘Add to Cart’ button.
  • This will add the exchange value to your online wallet.
Repeat these steps for all banknotes, coins, stamps, and gift cards you want to exchange. Complete the checkout process and get paid within a week or less.
You get: $1.75
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Description

The króna is the official currency of Iceland since 1918 when the country separated the currency from the Danish krone.  The name króna is derived from the Latin word “crown” and the official currency symbol: kr. In 1921, the “Ríkissjóður Íslands” (The Treasury of Iceland) took over the currency production and introduced the first coins in denomination of 10 and 25 aurar, followed by 1 krona and 2 krónur and by 1, 2, and 5 aurar pieces in 1926. After a monetary reform carried out in 1981 due to the high inflation suffered by the currency, the króna was revalued. Coins were introduced in denominations of 5, 10, and 50 aurar (cents), and 1 and 5 krónur, followed by 10 krónur in 1984, 50 krónur in 1987, and 100 krónur in 1995. Since 2003, the Icelandic government stopped accepting coins in aurar denominations.

The 500 Icelandic krónur commemorative coin front design features an open fishing boat under sail, the denomination on top, and the country’s name at the bottom. The reverse of the coin illustrates Mynd fjallkonunnar, who is the female personification of Iceland, sitting with a sword in her right hand and a shield in her left hand. The lettering of the coin is presented in the Icelandic language. This coin is part of the 1986 commemorative series “100th Anniversary of Banknotes in Iceland”. Its rim is reeded, and its color is silver.

Text: 500 FIMM KRÓNUR, ÍSLAND, ÍSLENSK SEÐLAÚTGÁFA Í 100 ÁR · 1886 1986

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