Iceland
5 Aurar (P. J. Thorsteinsson and Co.) ND (1880) front 5 Aurar (P. J. Thorsteinsson and Co.) ND (1880) back
no image

5 Aurar P. J. Thorsteinsson and Co. ND

1880 year
Brass 2.171 g 18.5 mm
Description
Location
 Iceland
Issuing entity
 P. J. Thorsteinsson
Type
 Trade tokens › Business tokens
Year
 1880
Value
 5 Aurar (0.05&nbspDKK)
Currency
 Krone (1874-1918)
Composition
 Brass
Weight
 2.171 g
Diameter
 18.5 mm
Shape
 Round
Technique
 Milled
Demonetized
 Yes
Updated
 2024-11-13
References
Numista
 N#278487
Rarity index
 100%

Reverse

Value

Script: Latin

Lettering: 5

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
16 Skilling C. F. Siemsen ND front 16 Skilling C. F. Siemsen ND back 16 Skilling C. F. Siemsen ND 1846 year
Extremely rare business token, round shape, demonetized.
Brass 2.5 g 23 mm
10 Aurar P. J. Thorsteinsson and Co. ND front 10 Aurar P. J. Thorsteinsson and Co. ND back 10 Aurar P. J. Thorsteinsson and Co. ND 1880 year
Extremely rare business token, round shape, demonetized.
Brass 3 g 22.4 mm