Back to collection

10 kronur 1954

Europe › Faeroe Islands
P-15b1954ForoyarVF
10 kronur 1954 from Faeroe Islands, P-15b (1954) — image 1
10 kronur 1954 from Faeroe Islands, P-15b (1954) — image 2

Market Prices

Catalogue (2019)
VF$25
UNC$180

About This Note

This is a VF-graded 10 kronur note from the Faroe Islands issued under the Law of 1949, featuring the characteristic ram-head coat of arms on the obverse and a charming rural settlement vignette on the reverse. The note exhibits significant age-related wear including a prominent center fold and general discoloration, consistent with genuine circulation during the mid-20th century. The fine engraved details remain legible despite wear, showcasing the quality craftsmanship typical of this issue.

Rarity

Common. While the eBay price sample shows some variation ($14.00 to $74.99 USD), the median market price for VF examples around $19.99-$53.99 USD reflects a note that is regularly encountered in the collector market. The 2019 catalogue value of $25 VF further confirms this as a standard, non-scarce issue. The Faroe Islands' 1949 issue series had substantial print runs, and this denomination remains available to collectors. The note's relatively recent issue date (1954 printing) compared to older currency and the absence of any documented scarcity indicators support a common classification.

Historical Context

Issued following the Law of 1949 that established Faroese monetary autonomy, this 10 kronur note reflects the Faroe Islands' gradual move toward financial independence from Denmark. The ram depicted in the shield is the national animal of the Faroes, symbolizing both local identity and the pastoral traditions central to Faroese culture. The reverse's depiction of a traditional white-painted farm complex with red roofs is quintessentially Faroese, documenting the architectural heritage of North Atlantic island communities during this formative period of the nation's development.

Design

The obverse features a formal heraldic composition with the Faroese coat of arms (shield containing a ram's head) positioned prominently on the left, symbolizing national identity and the pastoral heritage of the islands. The denomination '10' appears in ornate frames at all four corners, a common security feature of this era. The center presents bold Faroese typography declaring the issuing authority (Føroyskalandsstýri/Faroese Government) and legal tender status. Fine wavy borders frame the top and bottom edges. The reverse depicts a romanticized pastoral landscape scene—a traditional Nordic settlement with multiple white-painted buildings featuring characteristic red-pitched roofs, set against rolling hills and mountains. This vignette captures the agrarian character of Faroese life and likely represents either a specific historical settlement or an idealized composite of traditional Faroese architecture. The landscape is rendered in fine engraved linework with tonal gradations.

Inscriptions

FRONT: '10' (denomination in corners); 'FOROYAR TIGGJUKRÓNUR' (Faroe Islands Ten Kronur); 'ÚTGIVIN SAMBART LÓG NR. 248·12. APRÍL 1949' (Issued according to Law No. 248, 12 April 1949); 'SUM LÖGLIGT GJALDOYRA Í FØROYUM' (Legal tender in the Faroe Islands); 'RIGSUMBODIE' (State treasurer/official); 'FØROYA LANDSSTÝRI' (Faroese Government); Serial number: '2606771'. BACK: '10' (denomination in corners only). All text is in Faroese, the official language of the Faroe Islands.

Printing Technique

Intaglio (engraved) printing on banknote paper, characteristic of security printing in the mid-20th century. The fine linework, ornate borders, and detailed landscape engraving visible in both the coat of arms and the reverse vignette are hallmarks of traditional steel engraving. The layered color printing (red/coral and black on cream underprint) suggests multiple plate passes. Security printers for early Faroese currency issues typically included established Scandinavian or European security printing houses, though specific attribution requires access to printer marks or archival records.

Varieties

This note is classified as Pick 15b, indicating it represents a variant within the 1949-1954 issue series. The 'b' designation typically indicates a specific printing or signature variety. The observed serial number (2606771) in green text and the presence of specific signatures by government officials would help identify the precise variety. Without access to comprehensive Faroese numismatic literature, additional research would be needed to determine whether this serial number range corresponds to a known sub-variety or if there are documented signature variations for Pick 15b. The 1949 law date combined with the 1954 actual issue year creates the characteristic dating seen on these notes.