The 2022 100 Year Anniversary of Iceland’s First Coins As A Nation

One hundred years ago in 1922 Iceland issued there first always partial laid of legal tender coins the 10 and 25 Aurar ‘s. With a growing state that was in despairing necessitate for neologism because all the coins used up to that time was from other nation ‘s like Denmark, Norway or they would use tokens that was issued by large merchants companies that was either based in Iceland or Denmark and evening the Faroe Islands. Iceland banned the use of tokens anterior to 1922 because merchants can manipulate the cost of such things as bread For rather when the consumer tried to pay for a loaf boodle using a nominal they were given in change for one free rye bread the merchant would tell the person at a subsequently date that the cost of the boodle as arise and the token was no longer behave for the promise of one dislodge loaf of bread causing the consumer to fork over more funds for something they should have been given for unblock from the beginning. The first and entirely coins for this year was the 10 and 25 Aurar minted in Copenhagen Denmark and in 1925 was when the next denominations was produced the 1 Krona ( singular ) and 2 Kronur ( plural ). It took 100 Aurar’s to make a unmarried 1 Krona and in 1926 was when the concluding three denominations was produced the 1 Eyrir ( singular ) and the 2 and 5 Aurar ‘s ( plural ). It took four years to produce the seven coins needed to complete a set of coins comprising of all denominations .
The 1 Eyrir and the 2 and 5 Aurar ‘s minted by the Copenhagen mint was made of a 95 % copper 4 % Tin 1 % Zink from 1926 to 1939 but they did mint a few 2 Aurar ‘s date 1940 before the London ‘s Royal Mint in England Took over the coinage of all the coins dated from 1940 -1942 after Denmark was occupied by Nazi Germany. They changed the composing of all the copper coins date 1940 to 95.5 % Cu 3 % Sn 1 % Zn but they made one final examination change for the go steady 1942 Copper coins to 97 % Cu 0.5 % Tn 2.5 % Sn. From my understanding according to the records of the Royal Mint the fresh update irregular alloy change accrue part way into the production of the 1940 dated 5 Aurar so there are two different metal composition varieties for the 1940 5 Aurar mint but none for the date 1940 1 Eyrir and 2 Aurar since they were all ready minted. The royal mint did not constantly produce the individual mint denomination the year that was indicated on the mint and it is believed that some coins was minted a far as two years after the date like some of the coins dated 1942. and the 1940 1 Krona and 2 Kronur was produced deoxyadenosine monophosphate far as into 1944. On a interesting note Staffen Bjorkman noted in his 15 page compendious on Icelandic coins 1918 to1959 he made citation of a 1925 1 Eyrir with a coinage of 4000 pieces which the Icelandic national museum collection never made any mention of one ever having existed but this may entirely be nothing more then the first batch of 1926 Eyrir ‘s ( 4000 coins ) was merely the total of coins that was minted in 1925 for the 1926 Eyrir just like the U.S. batch does by Producing the follow class ‘s coins. record keeping can be a problem if its not written down correctly. There are some interest varieties for the 1 eyrir from this time time period some known and some not, But that ‘s for another diary. I have tried to research the Copenhagen mint records online and to no avail I could n’t find any records having to do with the mint of Icelandic coins. possibly I need to hop on a plane to Denmark.

Thank you for reading my journal submission and I ‘m going to write more about the mintage of Iceland Kingdom Era neologism in my near approaching journals

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Category : Coin collecting

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