Iceland collect




100 Krónur 1929 – Iceland (Pick P-26)

The highest denomination of Iceland’s late-1920s national banknote series

The 100 Krónur 1929 banknote stands at the top of Iceland’s interwar denomination structure. Issued by Landsbanki Íslands, it represents the peak of national banknote production before the economic disruptions of the 1930s reshaped Iceland’s monetary landscape. As the largest value note of its time, P-26 was intended primarily for major commercial and institutional transactions rather than everyday use.

🏦 Historical Background

Following the transfer of note-issuing authority to Landsbanki Íslands in 1927, Iceland entered a brief period of monetary consolidation and confidence. The 1929 series was produced during this window of stability, just before the global economic downturn.

With Iceland’s small population and limited demand for very high denominations, the 100 krónur was printed in comparatively modest quantities. Many examples were later withdrawn, redeemed, or heavily used, contributing to the note’s scarcity today—especially in higher grades.

🎨 Design & Appearance

Obverse (Front)

  • A finely engraved portrait of Jón Sigurðsson, symbolizing Icelandic national identity and the independence movement.

  • The denomination “Hundrað Krónur” displayed prominently in ornate lettering.

  • Complex guilloche borders and dense line engraving, reflecting advanced security and engraving standards of the late 1920s.

  • Official printed signatures of Landsbanki Íslands authorities.

  • Serial numbers printed in contrasting ink for clear identification.

Reverse (Back)

  • A richly ornamented, symmetrical design emphasizing balance and authority.

  • Large numeral “100” repeated for denomination clarity.

  • Fine-line background patterns designed to deter counterfeiting.

The overall presentation conveys stability, prestige, and national confidence.

🖨️ Technical Details

  • Issuer: Landsbanki Íslands

  • Year of Issue: 1929

  • Denomination: 100 Krónur

  • Pick Number: P-26

  • Printing Method: High-quality intaglio engraving

  • Paper: Professional banknote paper, robust for higher-value circulation

  • Format: Large format consistent with top-tier denominations of the series

🔎 Collectability & Importance

The 100 Krónur 1929 (P-26) is among the most desirable Icelandic banknotes of the interwar period due to:

  • Its status as the highest denomination of the 1929 national series

  • Limited circulation and modest print quantities

  • Heavy institutional use, reducing survival rates

  • Strong national symbolism and refined engraving quality

Examples in Very Fine or better are notably scarce, and high-grade pieces are considered centerpiece items in advanced Icelandic paper money collections.

100 Krónur 1929 – Iceland (Pick P-26)

Signatures guide for Icelandic currency of the period