Iceland collect




A modern high-denomination banknote from early 21st-century Iceland

The 1000 Krónur 2002 banknote was issued by the Central Bank of Iceland (Seðlabanki Íslands) as part of the modern króna banknote series in circulation at the beginning of the 21st century. By this time, Iceland’s currency system was stable, and banknote design focused on improved security, durability, and clear visual identity.

🏦 Historical Context

In the early 2000s, Iceland continued to refine its banknote series while maintaining continuity with earlier designs. The 1000 krónur denomination remained one of the most important values in everyday circulation, commonly used for retail transactions, wages, and cash savings.

This issue reflects a mature stage of Icelandic monetary development, where denominations were well balanced and inflation was no longer driving frequent redesigns.

🎨 Design & Appearance

Obverse (Front)

  • Portrait of a prominent Icelandic historical or cultural figure

  • Issuer name Seðlabanki Íslands

  • Denomination text “Eitt þúsund krónur”

  • Printed signatures of Central Bank officials

  • Modern engraved security patterns

  • Clearly printed serial numbers

The obverse presents a clean, authoritative design consistent with Icelandic banknotes of the period.

Reverse (Back)

  • Decorative and symbolic composition

  • Prominent numeral 1000

  • Balanced layout emphasizing clarity and usability

The reverse complements the obverse with a restrained and functional aesthetic.

🖨️ Technical Details

  • Issuer: Seðlabanki Íslands (Central Bank of Iceland)

  • Year of Issue: 2002

  • Denomination: 1000 Krónur

  • Pick Number: P-59

  • Printing Method: Intaglio engraving

  • Paper: Modern secure banknote paper

  • Circulation Role: High-value everyday transactions

🔎 Collectability & Significance

The 1000 Krónur 2002 (P-59) is of interest to collectors because it represents:

  • Early 21st-century Icelandic banknote design

  • A widely used high-denomination circulation note

  • A stable monetary era with long-term usability

While circulated examples remain common, notes in higher grades with crisp paper and strong print quality are increasingly desirable.

1000 Krónur 2002 – Iceland (Pick P-59)

Signatures guide for Icelandic currency of the period