Iceland 1971 5 kronur

formerly in the Mountain Groan Collection

This five kronur was struck by the Royal Mint for the republic of Iceland 1969-80 and all dates are common. In 1980, proofs were offered. The inflation of the 1960's and 1970's killed off the smaller denominations (one eyrir and five aurar in 1966, twenty-five aurar in 1967, ten aurar in 1974). New denominations were introduced, the fifty kronur in 1970, this five kronur in 1969 and the ten kronur in 1967. It was demonetized in 1981 by a currency reform (one new krona = 100 old kronur).

Recorded mintage: 500,000.

Specification: 4 g, copper-nickel, 20.75 mm diameter, plain edge.

Catalog reference: KM 18.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.

Link to:

• 1971 10 aurar
• 1971 krona
• 1971 50 kronur
• 1973 5 kronur
• Coins and currency dated 1971