957

ICELAND: AE 4 skilling i vare token, ND (1846), XF

Currency:USD Category:Coins & Paper Money / World Coins - Europe Start Price:150.00 USD Estimated At:150.00 - 250.00 USD
ICELAND: AE 4 skilling i vare token, ND (1846), XF
SOLD
160.00USD+ buyer's premium (32.00)
This item SOLD at 2025 May 16 @ 10:42UTC-07:00 : PDT/MST
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ICELAND: AE 4 skilling i vare token, ND (1846), KM-TN8, Sieg-6, token issued by C.F. Siemsen of Reykjavik, also valid at Siemsen's store in the Faeroe Islands, a bit spotty with quite a bit of original luster, XF Although monetary convention allowed the usage of Danish, Norwegian and Swedish coins in Iceland, few coins found their way there. Icelandic merchants were thus forced to issue their own private money. Token issues began in the mid-19th century. Some merchants, though, posted inflated token prices alongside legal coins. As a result, the production and usage of tokens in Iceland was prohibited in 1901.