Iceland
Icelandic banknotes from three eras: a 10 krónur specimen of 1928 from Landsbanki Íslands and Central Bank notes of 100 krónur (1961) and 1000 krónur (2001). Each note is examined, described and guaranteed genuine by Denarius.
About Iceland
Iceland’s own banknotes
Iceland was part of the Danish realm and used the Danish krone from 1874. The first Icelandic banknotes were issued in 1885, and after Iceland gained sovereignty in 1918 the Icelandic króna gradually went its own way. In 1928 Landsbanki Íslands took over the issue of the larger notes, and from 1961 the Central Bank of Iceland (Seðlabanki Íslands) was responsible for the notes.
What is in this category?
- 10 krónur 1928 SPECIMEN, graded Gem Uncirculated 66 EPQ, from the first Landsbanki issue.
- 100 krónur issued under the law of 29 March 1961.
- 1000 krónur issued under the law of 2001.
The 1928 specimen was made to show banks what the new note looked like and never circulated, which explains its exceptional grade. Icelandic notes are dated by the law under which they were issued rather than the year of printing. In 1981 the króna was revalued so that 100 old krónur became 1 new króna, which is why the 1961 note belongs to an older currency than the 2001 note. For Greenland and the rest of the region, see The Arctic.
Frequently asked questions
Why do Icelandic notes show a law date instead of a year?
Icelandic notes refer to the law that authorised the issue, such as the Central Bank law of 1961. The same law date can therefore appear on notes printed over many years.
What happened to the Icelandic króna in 1981?
Because of high inflation the króna was revalued in 1981, so that 100 old krónur became 1 new króna. Notes from before and after the reform belong to different currency series.
Are the items genuine?
Yes. Every item is researched and described as accurately as possible, and Denarius guarantees that everything sold is genuine and as described.
What is the protocol number?
Every item gets its own number when it is catalogued. The number is shown on the product page, so you always know exactly which example it is.
Do you ship internationally?
Yes. We ship worldwide. Shipping method and price are shown at checkout before you pay.