Iceland collect




1 Króna 1925 – Iceland (Pick P-18c)

The Final Issue of Iceland’s Early Treasury-Printed 1 Króna Notes

🏦 Historical Context

The 1 Króna 1925 note represents the last and final printing of Iceland’s early low-denomination treasury notes. These notes were produced by Ríkissjóður Íslands (the Treasury of Iceland) during a period when the country continued to grapple with a lack of circulating coinage. Metal shortages, high minting costs, and the lingering economic effects of World War I forced Iceland to rely on small, quickly printed paper substitutes.

The 1925 issue (P-18c) is the final variation before the entire 1 króna paper-note series was discontinued, making it an important closing chapter in Iceland’s emergency-issue monetary history.

🎨 Design & Appearance

  • Denomination: 1 Króna

  • Year: 1925

  • Pick Number: P-18c

  • Issuer: Ríkissjóður Íslands (Icelandic Treasury)

  • Series Role: Final emergency-style low-value note

Obverse Features

The design follows the functional style of the earlier 1922 and 1924 notes but with identifiable differences:

  • Central “1 Króna” denomination printed clearly and prominently.

  • Simple guilloche frame around the edges — decorative but economically produced.

  • Icelandic treasury text confirming the value and official status of the note.

  • New signature and serial configurations, which are the defining characteristics separating P-18c from earlier P-18 variants.

  • Small, compact format printed on inexpensive paper.

Reverse

  • Blank or almost entirely unprinted, as was standard for Icelandic treasury notes of this denomination.

  • Focus remained purely on practicality.

🖨️ Printing & Paper

  • Lightweight, low-cost paper stock with minimal security features.

  • No watermark, no colored fibers — these notes were meant as temporary stopgaps rather than durable currency.

  • Serial numbers printed in a distinct range unique to the 1925 issue.

🔎 Collector Insights

The 1 Króna 1925 (P-18c) is the rarest of the three P-18 varieties. It is valued for:

  • Being the last 1 króna treasury note ever issued.

  • Low survival rate — these notes saw heavy everyday use and were rarely preserved.

  • Historical significance as the end of Iceland’s small paper-denomination era before improvements in coin production.

1 Króna 1925 – Iceland (Pick P-18c)

1 Króna 1925 – Iceland (Pick P-18c) 1 Króna 1925 – Iceland (Pick P-18c)

Signatures guide for Icelandic currency of the period