Faroese Króna - Coins

Coins

The Faroe Islands use standard Danish coinage, but the region has experienced a shortage of small currency on several occasions, leading to non-standard issues.

During the late 19th century, German national C.F. Siemsen, a merchant conducting business in both the Faroe Islands and Iceland, issued his own private coinage. This issue is brass, one side carrying the inscription: CFS and the other side the denomination: 4 or 16 skilling in goods . Due to a shortage of currency in 1929-33, two merchants issued their own coins as well; J.F. Kjølbro in Klaksvík and S.P. Petersens Eftf in Fuglafjørður. The Kjølbro issue is aluminium coins with denominations of 10, 25 and 50 øre, and 1, 2, 5, and 10 kroner. S.P. Petersens Eftf's issue was made of brass in denominations of 5, 10 and 25 øre, and 1, 2 and 5 kroner.

During World War II, the Faroe Islands were separated from Denmark proper due to the occupations by the United Kingdom and Germany respectively. In 1941, a set of coins (1, 2, 5, 10 and 25 øre) was minted in London to alleviate a shortage of small change. This issue was identical to the pre-war Danish coinage already circulating, but is easily identified: the coins minted in London were made of bronze and copper-nickel, while the comparable coins minted in Denmark in 1941 were made of aluminium and zinc (with one exception). In addition, the British made set lacks both the mark of the Royal Danish Mint (a small heart) and the initials of the engraver and the mint master in Copenhagen.

Read more about this topic:  Faroese Króna

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Famous quotes containing the word coins:

    No Time, spoke the clocks, no God, rang the bells,
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    And the coins on my eyelids sang like shells.
    Dylan Thomas (1914–1953)

    A war undertaken without sufficient monies has but a wisp of force. Coins are the very sinews of battles.
    François Rabelais (1494–1553)