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Thursday, December 12, 2013

1970 Iceland 1 Krona!


Hello everyone, sorry for the extended absence. I've been very busy with life, school, and video games over the past few months and while I definitely could have done some posting, I decided to use my time in other ways.

Anyway, I decided long ago when I took these pictures that this coin would follow my 1940 Icelandic Krona when I posted it. So, here it is! This was the last version of this coin used before Iceland downgraded to a much smaller aluminum coin with the same design. It has since been demonetized and the Krona was replaced with a new Krona 1980. The new Krona is valued at 1KR=$0.0085 USD which means Iceland is probably due for another revaluation. This coin as it sits is worth about $0.10 in numismatic value making it worth more than an actual modern Icelandic Krona.