Iceland
25 Aurar (P. J. Thorsteinsson and Co.) ND (1880) front 25 Aurar (P. J. Thorsteinsson and Co.) ND (1880) back
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25 Aurar P. J. Thorsteinsson and Co. ND

1880 year
Brass 4.407 g 25 mm
Description
Location
 Iceland
Issuing entity
 P. J. Thorsteinsson
Type
 Trade tokens › Business tokens
Year
 1880
Value
 25 Aurar (0.25&nbspDKK)
Currency
 Krone (1874-1918)
Composition
 Brass
Weight
 4.407 g
Diameter
 25 mm
Shape
 Round
Technique
 Milled
Demonetized
 Yes
Updated
 2024-11-13
References
Numista
 N#110040
Rarity index
 100%

Reverse

Value

Script: Latin

Lettering: 25

Comment

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

In the same collection

See Also

In the same collection
10 Ore N. Chr. Gram ND front 10 Ore N. Chr. Gram ND back 10 Ore N. Chr. Gram ND 1902 year
Extremely rare business token, round shape
Bronze 3.915 g 22.6 mm
25 Aurar P. J. Thorsteinsson and Co. front 25 Aurar P. J. Thorsteinsson and Co. back 25 Aurar P. J. Thorsteinsson and Co. 1897 year
Extremely rare business token, round shape, demonetized.
Bronze 3.878 g 25 mm