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100 Aurar P. J. Thorsteinsson

100 Aurar (P. J. Thorsteinsson) -  obverse100 Aurar (P. J. Thorsteinsson) -  reverse

Features

Country Iceland
Type Token
Year 1880
Value 100 Aurar (1)
Metal Bronze
Shape Round
Demonetized yes
References KM# Tn19
Standard Catalog of World Coins
by George S. Cuhaj
(Krause Publications)

Obverse

PT monogram

Lettering: PT

Reverse

Value

Lettering: 100

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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Year Mintage G VG F VF XF AU UNC
ND (1880) 

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

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100 Aurar (P. J. Thorsteinsson)