Norway 5 Kroner

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 Today these are the legal tender coins, except for the 50 øre coin, which was withdrawn in 2012.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 5 kroner coin front design features the Grand Cross with Chain of the Order of Saint Olav, surrounded by the country’s name flanked by the crossed pick and hammer and the mint mark of the Norwegian Mint below. The reverse of the coin presents an ornamental design inspired by the leaves of the acanthus plant, in the style of the Norwegian carver Ole Moene (1839-1908), with intertwined tendrils between the leaves, the denomination, the year of issue and the artist’s initials (IAR – Ingrid Austlid Rise). This coin is part of the 1998 – 2017 series, its rim is milled, and its color is silver.

Text: KONGERIKET NOREG, JJE, IAR, 5, 1999, KRONER.