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Iceland / 2 Products

Iceland's coin history is relatively modern, given that the country was under Danish rule until 1918 and did not achieve full independence until 1944. Before gaining independence, Iceland used Danish coins, which were issued by the Danish monarchy and featured portraits of Danish monarchs.

Following limited independence from Denmark in 1918, Iceland commenced issuing its own coins. The first Icelandic coins were minted in 1922, featuring various Icelandic symbols such as fish, ships, and the Icelandic coat of arms.

Iceland introduced its own currency, the Icelandic króna, abbreviated as "kr" or "ISK". Initially, the króna was fixed to the Danish krone, but it later transitioned to a free-floating currency. Over the years, Iceland has issued various coin denominations and designs reflecting Icelandic culture, nature, and history. Some coins depict Icelandic wildlife such as puffins and horses, while others showcase famous landmarks like the Hallgrímskirkja church.

Iceland decimalized its currency in 1981, with the króna subdivided into 100 aurar, although aurar are no longer used due to inflation. The aurar coins became practically worthless and were withdrawn from circulation in 2003.

Common denominations of Icelandic coins include 1 króna, 5 krónur, 10 krónur, 50 krónur, and 100 krónur, minted in various metals including copper, nickel, and brass. The designs typically feature national symbols, historical figures, or natural landscapes. Some coins may depict notable Icelanders such as writers or artists, while others showcase landmarks or elements of Icelandic nature.

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