50 Aurar P. J. Thorsteinsson & Co.

Features

Issuer	Iceland
Ruling authority	P. J. Thorsteinsson (1880-1901)
Type	Token
Year	1901
Value	50 Aurar (0.50 DKK)
Currency	Krone (1874-1918)
Composition	Brass
Weight	2.30 g
Diameter	20.5 mm
Shape	Round
Technique	Milled
Demonetized	1901
Number	N# 79603 Numista type number (https://en.numista.com/help/what-is-the-n-number-visible-in-the-catalogue-33.html)
References	KM# Tn18 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 * * *
50

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

• 10 Aurar (P. J. Thorsteinsson & Co.)
• 25 Aurar (P. J. Thorsteinsson & Co.)
• 100 Aurar (P. J. Thorsteinsson & Co.)
• 500 Aurar (P. J. Thorsteinsson & Co.)

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Numista Rarity index: 97

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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