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25 Øre Handelsstederne i Grønland
| Issuer | Den Kongelige Grønlandske Handel (Royal Greenland Trade Department) |
|---|---|
| Year | 1905 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Krone (1873-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Denne Anvisning gælder ved handelsstederne i Grønland for 25 Øre Kjøbenhavn 1905 (Translation: This note is valid at the Trading Posts in Greenland for 25 Øre. Copenhagen 1905) |
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| Variants | P#4a - signatures: Ryberg & Krenchel P#4b - signatures: Ryberg & Bergh P#4c - signatures: Ryberg & Krenchel with star (issued for Ivigtut/Ivittuut) P#4r - unsigned remainder |
| Comments |
Den Kongelige Grønlandske Handel operated Greenland as a state monopoly, and these fractional notes were an internal scrip system — not legal tender in Denmark proper, but the only accepted medium of exchange at the trading posts. The 25 øre denomination addressed the practical problem of making change when coinage was simply too heavy and expensive to ship in useful quantities to Arctic settlements.
The Ivigtut variant, distinguished by a star next to the Ryberg & Krenchel signature, was issued specifically for the cryolite mining settlement — a company town in all but name, where the mineral was essential to aluminum production worldwide. Ivigtut notes circulated in an economy almost entirely detached from the broader Greenlandic trading network.