A 1930 Swedish 1-krona coined in Stockholm of .800 silver, 25mm in diameter and weighing 7.50g. They’re dimensions with a familiar ring, and with good reason—they’re precisely the width, weight, and quality of metal of the original 1-krona/1-krone/1-krone coins introduced during the 1870s by the members of the Scandinavian Monetary Union—Sweden, Denmark, and Norway.
Even in its own time this 1930 1-krona could have been looked at as a survivor, and likely—if they stopped to think about it—would have been a source of pride for contemporary Swedes. After all, the SMU of 1873 had crumpled with the outbreak of WWI, and although it survived the war in truncated form, the SMU can really be said to have been ended in 1924. Danish and Norwegian small coins had assumed shapes, sizes and metals that marked them as coins that could only be used domestically, and only Sweden still adhered to the original SMU forms.
By the time production of these 1930 1-krona pieces ended, more had been coined than of any other date to that point of the 20th century. But why not? They appeared in that last good year, just before the go-go days in Sweden…stopped.
Sweden was hit perhaps harder than most. By the general economic slowdown of the early-thirties precipitated in the U.S. by the sharp shock of the ’29 Wall Street crash, but also by the credit crunch caused by the Austrian banking crisis of ’31—and the consequent bursting of Sweden’s own special speculative bubble, the one overinflated by “Match-king” Ivar Kreuger.
Production of the 1-krona would fall nearly 40% for 1931, remaining there each year until 1934, when it fell an additional 40%. Still, Sweden did remarkably well, considering—and the 1-krona mintages during the second half of the 1930s suggest as much.
v.
1930 Swedish 1-krona
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Re: 1930 Swedish 1-krona
Hi Mynter,
I just got on to change the first sentence: too many S words (Sweden struck Stockholm silver). Too much of a tongue-twister. Anyway, I saw you here after I started to make the change. But here its late, late. So off to sleep.
v.
I just got on to change the first sentence: too many S words (Sweden struck Stockholm silver). Too much of a tongue-twister. Anyway, I saw you here after I started to make the change. But here its late, late. So off to sleep.
v.
- Mynter
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Re: 1930 Swedish 1-krona
Nice coin wirh a nice tanning. The echo of the rise and fall of the Kreuger- safetymatch- imperium was still audible when I grew up in the 1970s. As a boy I knew for certain that all matches in the world were" welthölzer ", that they were swedish owned and that Kreuger had comitted suicide.I also clearly remember the cease of the monopol in 1983 being commented in the daily press and how the design of the matchboxes suddenly changed. Here a link in german to the monopol: http://de.wikipedia.org/wiki/Z%C3%BCndwarenmonopol
Grüsse, Mynter
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