100 Aurar P. J. Thorsteinsson & Co.
Features
| Location |
Iceland
 |
|---|---|
| Type | Trade tokens › Business token |
| Year | 1901 |
| Value | 100 Aurar (1 DKK) |
| Currency | Krone (1874-1918) |
| Composition | Brass |
| Weight | 3.21 g |
| Diameter | 24 mm |
| Shape | Round |
| Technique | Milled |
| Demonetized | Yes |
| Number | N# 280047 |
Obverse
Face value at the center, surrounded by the merchant name.
Script: Latin
Lettering:
P. J. THORSTEINSSON & Co * * *
100
Reverse
Inscriptions and symbols at the center, surrounded by vegetable wreath knotted by bottom.
Script: Latin
Lettering: GEGN VÖRUM
Translation: Against goods
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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Undetermined | |||||||||||||
| ND (1901) | |||||||||||||
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Numista Rarity index: 100
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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