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<p>[QUOTE=&quot;Jimski, post: 8093397, member: 77373&quot;]I believe this coin is a commemorative for the Krone monetary unit (and system) of Norway, which was adopted in 1875 when Norway entered the Scandinavian Monetary Union. Before 1875 Norway used speciedaler as the major monetary unit.</p><p><br /></p><p>KRONEMYNT on the obverse, according to Google, translates to krone coin.</p><p><br /></p><p>The Royal Norwegian Mint has a history going back to 1686 (Wikipedia).</p><p><br /></p><p>Sweden and Denmark created the SMU in 1873, and Norway joined in 1875.&nbsp; The Union adopted a common monetary system, based on a gold standard using the <b>krone</b>/krona (Denmark, <b>Norway</b>/Sweden) as the major unit.&nbsp; An equal valued krone/krona of the monetary union replaced the three legacy currencies at the rate of <b>1 krone</b>/krona = 1⁄2 Danish rigsdaler <b>= 1⁄4 Norwegian speciedaler </b>= 1 Swedish riksdaler.&nbsp;&nbsp; I believe the idea was to facilitate trade within the Union.&nbsp; The Union failed during WWI, when members failed to hold their currencies to the gold standard.&nbsp; After the Union, each of the previous members of the Union continued to use the krone/krona monetary unit, but they no longer traded at par.</p><p><br /></p><p>I know this because I have a collection of øre/öre (Denmark, Norway/Sweden).&nbsp; The &quot;ore&quot; was the minor monetary unit of the Union. The collection started with my interest in the ore coins of WWI and WWII, which were minted in zinc or iron instead of bronze because copper was needed for war materials.&nbsp; My collection eventually followed the history of the ore back in time.[/QUOTE]</p><p><br /></p>

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