Norway 1 Krone

Description

The krone is the official currency of Norway. The name is derived from the word “krone”, which means crown. The official currency symbol: kr. The first krone in Norway dated to 1875 when it replaced the Norwegian speciedaler/spesidaler. The Norges Bank introduced coins in denominations of 10 and 50 øre and 1 and 10 kroner. In 1876, a new krone was introduced due to the Scandinavian Monetary Union, of which they are part of Denmark, Norway, and Sweden. Between 1875 and 1878, the new coinage was introduced in entire denominations of 1, 2, 5, 10, 25, and 50 øre and 1, 2, and 10 kroner. Then in 1914, The Monetary Union was dissolved, and the three states members decided to keep the name on their respective currency. In 1963, the 5 kroner coin was introduced. Almost 30 years later (1994), The Norges Bank introduced a new coinage in 50 øre, 1, 5, 10, and 20 kroner denominations. Today these are the legal tender coins, except for the 50 øre coin, which was withdrawn in 2012. However, banks in Norway will still exchange 50 øre coins for higher values until 2022.

The 1 krone coin front design features the Harald V (King of Norway) monogram (three crowned crosses with two in parallel), the name of the country flanked by the crossed-pick-and-hammer mintmark of the Mint of Norway. The reverse of the coin illustrates a stylized bird perched on a branch, inspired by the motif of the Hylestad stave church located in Setesdal, the date of issue, the denomination, and the artist’s initials (IAR – Ingrid Austlid Rise). This coin is part of the 1997 – 2016 series, its rim is plain, and its color is silver.

Text: H5, Norge, JJE, 1997, 1 KRONE, IAR.