5 Aurar

Iceland's small-denomination bronze coinage of this era was already an anachronism by the time this piece was struck. The 5 aurar had effectively lost all purchasing power through the chronic inflation that plagued Iceland in the late 1970s and early 1980s — inflation that peaked above 80% annually in 1983. The denomination was abolished shortly after, rendering late-date examples like this one among the final survivors of a coin that had long since ceased to function in everyday commerce.