Iceland collect




A low-denomination note from the late króna banknote era

The 10 Krónur 1981 banknote belongs to the final period in which low-value paper currency was still actively used in Iceland. Issued by the Central Bank of Iceland (Seðlabanki Íslands), this note reflects a transitional phase in Icelandic monetary history, shortly before inflation and modernization led to the replacement of small denominations with coins.

🏦 Historical Context

By the early 1980s, Iceland was experiencing continued inflation and economic restructuring. While higher-denomination banknotes dominated everyday use, the 10 krónur note remained important for small transactions and daily commerce.

The 1981 issue represents one of the last regularly circulating paper banknotes of this denomination, as coins soon proved more practical and durable for low values.

🎨 Design & Appearance

Obverse (Front)

  • Portrait of a prominent Icelandic national figure, consistent with earlier króna series

  • Issuer name Seðlabanki Íslands

  • Denomination “Tíu krónur”

  • Printed signatures of Central Bank officials

  • Fine engraved patterns and serial numbers

The obverse maintains the restrained, official style characteristic of Icelandic banknotes of the period.

Reverse (Back)

  • Decorative engraved composition

  • Large numeral 10

  • Balanced layout emphasizing clarity and functionality

The reverse design prioritizes legibility and simplicity, in line with its role as a frequently used everyday note.

🖨️ Technical Details

  • Issuer: Seðlabanki Íslands (Central Bank of Iceland)

  • Year of Issue: 1981

  • Denomination: 10 Krónur

  • Pick Number: P-48

  • Printing Method: Intaglio engraving

  • Paper: Standard secure banknote paper

  • Circulation Role: Small everyday transactions

🔎 Collectability & Significance

Although once common in circulation, the 10 Krónur 1981 (P-48) has gained collector interest due to:

  • Its position near the end of low-denomination paper currency in Iceland

  • Representation of late 20th-century króna design

  • Increasing scarcity in high-grade condition

Uncirculated or lightly circulated examples are now notably harder to obtain and are valued by collectors assembling complete Icelandic series.

10 Krónur 1981 – Iceland (Pick P-48)

Signatures guide for Icelandic currency of the period