25 Aurar P. J. Thorsteinsson and Co.

25 Aurar (P. J. Thorsteinsson and Co.) - obverse25 Aurar (P. J. Thorsteinsson and Co.) - reverse

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Features

Location Iceland
Issuing entity P. J. Thorsteinsson
Type Trade tokens › Business token
Year 1901
Value 25 Aurar (0.25 DKK)
Currency Krone (1874-1918)
Composition Brass
Weight 1.53 g
Diameter 17.5 mm
Shape Round
Technique Milled
Demonetized 1901
Number
N#
79602
References KM# Tn15
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

Face value at the center, surrounded by the merchant name.

Script: Latin

Lettering:
P. J. THORSTEINSSON & Co * * *
25

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
ND (1901) 

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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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