Iceland collect




25 Krónur 1960 – Iceland (Pick P-39)

A unique denomination from the final Landsbanki Íslands series

The 25 Krónur 1960 banknote is one of the more unusual denominations in Icelandic currency history. Issued by Landsbanki Íslands, it formed part of the final banknote series released before the establishment of the Central Bank of Iceland (Seðlabanki Íslands) in 1961.

Unlike the more common 5, 10, and 50 krónur notes, the 25 krónur denomination occupied a middle position in circulation and reflects Iceland’s pragmatic approach to meeting everyday transactional needs during a period of economic transition.

🏦 Historical Context

By 1960, Iceland’s economy was expanding steadily, and the monetary system was preparing for institutional reform. While Landsbanki Íslands still held the authority to issue currency, plans were already underway to separate commercial banking from central banking functions.

The introduction of the 25 krónur note addressed practical circulation needs at a time when wages and prices had increased, reducing reliance on smaller denominations. Shortly after this issue, responsibility for banknote issuance would pass to the newly founded Central Bank of Iceland.

🎨 Design & Appearance

Obverse (Front)

  • Engraved portrait of Jón Sigurðsson, symbol of Icelandic independence and national identity.

  • Denomination “Tuttugu og Fimm Krónur” clearly displayed.

  • Issuer name Landsbanki Íslands prominently printed.

  • Printed signatures of authorized bank officials.

  • Fine guilloche patterns and detailed line engraving used as security elements.

  • Serial numbers printed in contrasting colors.

The obverse design maintains stylistic continuity with other notes of the 1960 series, reinforcing public trust during a time of change.

Reverse (Back)

  • Symmetrical ornamental engraving with geometric motifs.

  • Prominent denomination numerals for easy recognition.

  • Clean and functional layout intended for frequent handling.

🖨️ Technical Details

  • Issuer: Landsbanki Íslands

  • Year of Issue: 1960

  • Denomination: 25 Krónur

  • Pick Number: P-39

  • Printing Method: Intaglio engraving

  • Paper: Banknote-grade security paper

  • Purpose: General circulation

🔎 Collectability & Significance

The 25 Krónur 1960 (P-39) is of particular interest to collectors due to:

  • Its uncommon denomination within Icelandic banknote history

  • Being part of the final Landsbanki Íslands issue

  • Its role in the transition toward a modern central banking system

  • Lower survival rates compared to more common denominations

High-grade examples are especially desirable, as the note was widely circulated and often heavily used.

25 Krónur 1960 – Iceland (Pick P-39)

Signatures guide for Icelandic currency of the period