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10 kronur 1940

Europe › Faeroe Islands
P-21940Danmarks NationalbankUNC
10 kronur 1940 from Faeroe Islands, P-2 (1940) — image 1
10 kronur 1940 from Faeroe Islands, P-2 (1940) — image 2

Market Prices

1 sale
Catalogue (2016)
VF$120
UNC$280
PMG 65$234.022018-12-17(38 bids)

About This Note

This 10 kronur banknote from 1940 represents an early Faroese currency issue during a pivotal moment in the islands' history. The note exhibits the classic ornate design characteristic of 1940s Nordic banking, with an elaborate engraved border and classical portrait vignette on the reverse. While the front surface bears significant period markings and red promotional stamps from 1940 cultural events, the underlying note remains well-preserved, making this a historically significant example of Danmarks Nationalbank's Faroese currency emissions.

Rarity

Common. Despite being an early Faroese currency issue from 1940, catalog data indicates a production run spanning serial numbers M9627001 to M9627500 (500 notes documented in the referenced range alone), suggesting adequate circulation quantities. Contemporary eBay market data shows UNC examples valued at $280 (2016 catalog) with a PMG 65 specimen selling for $234.02, placing it firmly in the common to uncommon range rather than scarce territory. The note's availability in international numismatic commerce and active eBay trading history further confirm common status.

Historical Context

Issued in 1940 during the German occupation of Denmark, this banknote represents the Faroe Islands' monetary autonomy under Danish sovereignty, issued by Danmarks Nationalbank with local Faroese administration (Færø Amt). The classical portrait depicted on the reverse—likely Mercury, as referenced in catalog sources—reflects the aesthetic conventions of interwar Nordic numismatic design, while the ornamental heraldic lions symbolize the islands' connection to the Danish crown during a period of geopolitical uncertainty.

Design

The reverse features a classical oval portrait medallion containing a left-facing profile of Mercury (identifiable by the classical helmet/Phrygian cap style headwear), rendered in traditional engraved style. The portrait is surrounded by an ornate border of leafy vine motifs in brown and tan tones. Flanking the central portrait are decorative heraldic lions positioned in all four corners, representing Danish royal heraldry. The lower center of the reverse contains stylized grain or wheat sheaves rendered in yellow and blue-gray tones, symbolizing prosperity and agricultural wealth. The denomination '10' appears prominently in large numerals at both lower corners. The front side mirrors the ornate border design with leafy vine decoration throughout, centered on the denomination marking with Danish national text. The note employs a warm, earthy color palette of tan, beige, brown, with accent colors of yellow and blue-gray in the vignette.

Inscriptions

Front side: 'DANMARK' (Denmark); 'DANMARKS NATIONALBANK 1957' (Denmark's National Bank); 'NATIONALANKENS SEDLER INDLØDST MED GULD EFTER GÆLDENDE LOV' (The National Bank's notes are redeemable in gold according to current law); Serial numbers 'M 9627128' and 'M 9627129'; Denomination '10'; Signature 'Fremby'; Multiple overlaid red stamps including references to cultural events ('Kulturviddig Juni 1940') and promotional text from 1940. Back side: Denomination '10' (lower left and right corners); Text fragment 'TIKER ONER' (relating to krone/currency denomination).

Printing Technique

Steel engraving (intaglio) with multi-color printing. The fine line work visible in the ornamental borders, portrait medallion detail, and heraldic lion rendering indicates traditional engraved plates. The vignette's multi-color printing (yellow, blue-gray, and other hues) suggests sequential printing passes typical of 1940s Nordic banknote production. The crisp registration and fine detail preservation indicate high-quality banknote security printing consistent with Danmarks Nationalbank's contracted printers of the period.

Varieties

This specimen exhibits the handwritten signature variety of Hilbert (referenced in catalog sources as a characteristic of the P-2 issue), distinguishing it from the later P-3 variety with Hilbert's printed signature. The serial number prefix 'M' and the range M9627128/M9627129 fall within the documented M9627001-M9627500 series. The front surface bears period-applied red stamp overprints from 1940 (promotional/cultural event markings), which constitute post-production markings rather than catalog-recognized varieties but serve as provenance indicators of the note's 1940 usage history.