Iceland collect




50 Krónur 1925 – Iceland (Pick P-21)

A beautifully engraved early 20th-century banknote issued by Íslandsbanki

The 50 Krónur 1925 note is one of the higher-denomination paper issues released by Íslandsbanki during a period when Icelandic banking institutions – not the government – were responsible for providing the nation’s circulating currency. This series is prized among collectors for its fine engraving, vibrant colors, and strong connection to Iceland’s financial development before the establishment of the Central Bank.

Historical Background

During the early 1900s, Íslandsbanki held the exclusive right to issue banknotes in Iceland. By 1925, Iceland was still under the Danish crown but possessed increasing financial autonomy. Banknotes from this era were produced in relatively small quantities and used extensively in everyday commerce, making well-preserved examples scarce today.

The 50-krónur denomination represented significant value at the time and circulated widely. Because of Iceland’s small population, total print numbers were limited, which further contributes to the note’s desirability among collectors of Nordic and early Icelandic paper money.

Design Features

Front

  • Portrait of a distinguished Icelandic figure, typically rendered in a classic oval frame.

  • Decorative borders with traditional Nordic and neoclassical elements.

  • Large “50 KRÓNUR” denomination clearly printed for anti-forgery clarity.

  • Signatures of authorized officials of Íslandsbanki.

  • Engraved patterns designed to prevent counterfeiting, typical of early 20th-century banknotes.

Back

  • Central ornamental design featuring geometric and scrollwork patterns.

  • Prominent numeral 50 displayed symmetrically.

  • Strong color contrast that differentiates the back from the front.

This note is known for its elegant and complex design, characteristic of the 1925 series.

Technical Details

  • Issuer: Íslandsbanki (the private Icelandic bank with note-issuing rights)

  • Year of Issue: 1925

  • Denomination: 50 Krónur

  • Catalog Reference: Pick P-21

  • Material: Printed on high-quality banknote paper typical for the period

  • Dimensions: Common to the 1920s Íslandsbanki series (exact size can vary slightly due to production differences)

Collectability

The 50 Krónur 1925 note is considered scarce, especially in higher grades. Because these notes saw heavy use in circulation, finding examples with strong colors, sharp details, and intact paper is increasingly difficult.

50 Krónur 1925 – Iceland (Pick P-21)

50 Krónur 1925 – Iceland (Pick P-21) 50 Krónur 1925 – Iceland (Pick P-21)

Signatures guide for Icelandic currency of the period