Iceland 2005 50 kronur

from the Mountain Groan Collection

This specimen was struck for the republic of Iceland starting in 1987. In 1981, the krona was reformed and 100 old krona = 1 new krona. The new krona hovered between 70 ISK/dollar and 95/dollar until the crisis of 2008, precipitated by the collapse of several Icelandic banks. The exchange rate plunged to 180/dollar but is now about 139 ISK/dollar (June 2024). As a result, few Icelandic coins circulate. Five dates are listed for this type: 1987, 1992, 2000-01 and 2005. The denomination does not seem to have been struck since. Few issues of the republic are catalogued at more than a few dollars.

Recorded mintage: 2,000,000.

Specification: 8.25 g, nickel brass, 23 mm diameter, plain edge.

Catalog reference: KM 31.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 2001-Date, 13th ed., Iola, WI: Krause Publications, 2018.

Link to:

• 2001 50 kronur
• 2003 krona
• 2004 100 kronur
• 2007 krona
• Coins and currency dated 2005