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1 Krone
| Issuer | Den Kongelige Grønlandske Handel |
|---|---|
| Year | 1911 |
| Type | Standard circulation banknote |
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| Obverse description | Blue on pale paper, the note is framed by a fine border with the denomination numeral "1" repeated in each corner. The central text panel carries the Danish legend "Denne Anvisning gælder ved Handelstederne i Grønland for" above an oval guilloche vignette with a central crown motif, flanked by two royal coat-of-arms cartouches. Below the vignette, the issuer name "Den kgl. grønlandske Handel" and the imprint "KJØBENHAVN 1905" appear, with the overprinted year 1911 and two manuscript signatures accompanied by the notation "Noteret". |
|---|---|
| Obverse lettering | EN KRONE Denne Anvisning gælder ved Handelstederne i Grønland for EN KRONE Den kgl. grønlandske Handel 1911 KJØBENHAVN 1905 Noteret No. |
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| Comments |
Den Kongelige Grønlandske Handel — the Royal Greenlandic Trade company — held a complete state monopoly over Greenland's economy, and the notes it issued functioned as a closed-circuit currency valid only within the colony. This 1 Krone from 1911 was not exchangeable at par with Danish kroner outside Greenland; the system was explicitly designed to prevent capital leaving the island and to keep the indigenous and settler populations economically captive to the monopoly's own stores.
The series to which Pick 6 belongs was printed in Copenhagen but never intended to integrate with the metropolitan currency system. Greenland's monetary isolation persisted in various forms until the monopoly's eventual dissolution in 1950.