50 Kroner - Haakon VII Government in exile; exchangenotes
Features
| Issuer |
Norway
 |
|---|---|
| Issuing bank | Norges Bank |
| Period |
German occupation (1941-1945)
|
| King |
Haakon VII (1905-1957)
|
| Type | Banknote patterns and trials |
| Year | 1942 |
| Value | 50 Kroner (50 NOK) |
| Currency | Krone (1875-date) |
| Composition | Paper |
| Size | 144 × 127 mm |
| Shape | Rectangular |
| Demonetized | Yes |
| Number | N# 341531 |
| References | P# 21a Standard Catalog of World Paper Money (10 volumes). Bjørn R. Rønning; 1971. Norges mynter 1628-1873. Universitetsforlaget. Kolbjørn Skaare; 1995. Norges mynthistorie / Bind 2: Katalog- og registerbind: Mynter og utmyntning i 1000 år : Pengesedler i 300 år: Numismatikk i Norge. Bind 2. Universitetsforlaget. Norske pengesedler (3 volumes). Carlton Fredrick Schwan, Joseph E. Boling; 1995. World War II Remembered: History in your hands - a numismatic study. BNR Press, Port Clinton, Ohio, United States. |
Series: Kronesedlerne London exchange issue
Obverse
Blue-green and multicolour print.
Crowned coat of arms in the top. Watermarkwindow to the right. Value to the left.
Script: Latin
Lettering:
NORGES BANK
FEMTI
KRONER
50 50
1944 1944
IFÖLGE SÆRSKILT FULLMAKT
WATERLOW & SONS LIMITED, LONDON
Reverse
Green print.
Crowned Haakon 7 monogram to the right. Watermark window to the left.
Script: Latin
Lettering:
NORGES BANK 50
50 H7
FEMTI KRONER
WATERLOW & SONS LIMITED, LONDON
Watermark
Potrait of Norwegian diplomat and explore, Fridtjof Nansen
Signature
Jens Martin Nørve (JMN), Vice-president of the board in London
Printer
Waterlow & Sons Limited, United Kingdom (1810-1961)Comments
Historical context:
In the middle of the fight for Norway, in 1940, it was decided the Bank of Norway should be in non-occupied areas of the country and follow the King and government. When the government and King fled to London, the Bank followed them.
The 1942 notes were made in preparation for exchanging the in-circulation banknotes, after the war's end. A total value of 600 million Kroner, were printed on the 1942 issue. And around 111 million for the 1944 issue.
The 1942 never entered into circulation, but can have slipped out, due to the 1944 “Krigssedler" (war notes) issue, which were banknotes intended for a reconquest of Norway. After the German capitulated, Allied-soldiers were sent to Norway with the war notes, exchanged for their Dollars and Pounds, and around 2 million Kroner entered into circulation, before the new definitive notes from London were sent to Norway.
The low denomination 1 and 2 Kroner notes from 1942 were to be used as Krigsnotes too, not reissued for 1944.
Numbers printed
Numbers printed for this denomination is unknown.
Difference between 1942 and 1944:
Beside the year, there are also a few other differences to the two notes.
The 1942 issue (exchangenotes) have a watermark window, where the 1944 issue (Krigssedler), have the value.
The 1944 issue are also stamped with “Krigsseddel” twice on the obverse.
See also
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| Date | Signatures | VG | F | VF | XF | AU | UNC | References | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Undetermined | |||||||||||||||
| 1942 | JMN | 
|
P# 21aStandard Catalog of World Paper Money (10 volumes). |
Prefix A | |||||||||||
| 1942 | JMN |
|
P# 21ar1Standard Catalog of World Paper Money (10 volumes). |
Specimen, in black overprint | |||||||||||
| 1942 | JMN | P# 21as1Standard Catalog of World Paper Money (10 volumes). |
Specimen, in red overprint | ||||||||||||
Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.
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Numista Rarity index: 100
This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.
Past sales
| Pictures | Sale | Date | Version | Grade | Sold price | |
|---|---|---|---|---|---|---|
  |
Oslo Myntgalleri Auction 25 Lot 515 
|
8 May 2021 | 1942 JMN – P# 21a – Prefix A |
UNC (Low serial number) |
USD 14 789.93
(NOK 140 000.00) (+ buyer's premium) |
|
| © Oslo Myntgalleri | ||||||
  |
Oslo Myntgalleri Auction 32 Lot 357
|
19 Nov 2022 | 1942 JMN – P# 21a – Prefix A |
AU (Low serial number) |
USD 12 677.08
(NOK 120 000.00) (+ buyer's premium) |
|
| © Oslo Myntgalleri | ||||||
  |
Oslo Myntgalleri Auction 20 Lot 1187
|
5 Sep 2020 | 1942 JMN – P# 21ar1 – Specimen, in black overprint | AU |
USD 10 036.02
(NOK 95 000.00) (+ buyer's premium) |
|
| © Oslo Myntgalleri | ||||||
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