Coin Collection 〉 Middle Modern Times 〉 Northern Europe 〉 Norway 〉 Kingdom of Norway, Haakoon VII (1905-1957), 20 Kronor (Crowns) 1910, Kongsberg
Kingdom of Norway, Haakoon VII (1905-1957), 20 Kronor (Crowns) 1910, Kongsberg
|Mint Authority:||King Haakoon VII of Norway|
|Year of Issue:||1910 A.D.|
Norway was part of Denmark until 1814, and then joined in a union with Sweden. This was reflected in its monetary circumstances. Although the land had a currency of its own, a large part of the money in use came from the other Scandinavian countries. In 1873, one fifth of the coins in circulation in Norway were either Danish or Swedish.
That year, the three Scandinavian states joined in a monetary union. Henceforth they issued gold and silver coins of the same weight and alloy that were accepted as legal tender in the entire union territory. From gold, coins of 10 crowns (4.48 grams) and 20 crowns (8.96 grams) were struck; they were made of 90 percent pure gold. The Scandinavian Monetary Union stopped working during World War One and was officially dissolved in 1924.