-40%
Sweden banknote - 1 en krona - year 1914 - RARE - Sveriges Riksbank
$ 15.83
- Description
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Description
The krona (Swedish; plural: kronor; sign: kr; code: SEK) has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as krona literally means crown in Swedish. The Swedish krona was the 11th most traded currency in the world by value in April 2013.One krona is subdivided into 100 öre (singular and plural; when referring to the currency unit itself, however, the plural definite form is ören). However, all öre coins have been discontinued as of 30 September 2010. Goods can still be priced in öre, but all sums are rounded to the nearest krona when paying with cash.
History
The introduction of the krona, which replaced at par the riksdaler, was a result of the Scandinavian Monetary Union, which came into effect in 1873 and lasted until World War I. The parties to the union were the Scandinavian countries, where the name was krona in Sweden and krone in Denmark and Norway, which in English literally means "crown". The three currencies were on the gold standard, with the krona/krone defined as 1⁄2480 of a kilogram of pure gold.
After dissolution of the monetary union in August 1914, Sweden, Denmark, and Norway all decided to keep the names of their respective and now separate currencies.
In 1874, notes were introduced by the Riksbank in denominations of 1 krona and 5, 10, 50, 100 and 1000 kronor. The 1 krona was only initially issued for two years, although it reappeared between 1914 and 1920. In 1939 and 1958, 10,000 kronor notes were issued.
Production of the 5 kronor note ceased in 1981, although a coin had been issued since 1972. With the introduction of a 10 kronor coin in 1991, production of 10 kronor notes ceased and a 20 kronor note was introduced.
All remaining 1-krona banknotes became invalid after 31 December 1987. All remaining 5-kronor and 10-kronor banknotes became invalid after 31 December 1998.
An exhaustive list of every banknote design since 1874 is not included, but the following five designs were or will be retired in 2016-2017. The oldest design began to printed in 1985.