10 Aurar P. J. Thorsteinsson and Co.

Features

Location Iceland
Issuing entity P. J. Thorsteinsson
Type Trade tokens › Business token
Year 1897
Value 10 Aurar (0.10 DKK)
Currency Krone (1874-1918)
Composition Bronze
Weight 3 g
Shape Round
Demonetized Yes
Number
N#
110037
References KM# Tn11
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Coins / 2001-Date (14th edition). Krause Publications, Stevens Point, Wisconsin, United States.
And 5 more volumes.

Obverse

PT monogram above 97

Script: Latin

Lettering:
PT
97

Reverse

Value

Script: Latin

Lettering: 10

Comments

Under the Scandinavian Monetary Convention of 1873, the currencies of Denmark, Norway and Sweden could move to Iceland. But very few of these coins have actually made the way to the island, which missed of liquidity. Consequently, the Icelandic merchants made strike tokens to fill this gap. A law of 1901 banned them, the traders while profiting to increase the prices.

See also

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Date VG F VF XF AU UNC
ND (1897) 

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

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