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1899 EB Oscar II Swedish Silver 50 Öre

OBVERSE
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REVERSE
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GENERAL
Type: Oscar II Swedish Silver 50 Öre
Origin: Sweden Cat. Num.: KM# 740
Era / Ruler: Oscar II Face Value: 50 Öre
Issued from: 1875 Issued until: 1899
Alignment: Desgr. / Engr.:
ISSUE
Year: 1899 EB
Mint:
Mintage: 720,000
Scarcity:
30/100
 
Valuation:
60/100
 
Notes:
Grades & Prices available: ?
 
Free Price Guide
SPECIFICATIONS
Composition: Silver
Fineness: 0.6000
Weight(g): 5.0000g
Weight(Oz): 0.16 Oz
Net Content: 0.10 Oz (3.00g)
Diameter:
Thickness:
DESCRIPTION

Between 1873 and 1876, coins in denominations of 1, 2, 5, 10, 25, and 50 öre and 1, 2, 10, and 20 kronor were introduced, with the 1, 2 and 5 öre in bronze, the 10, 25, 50 öre and 1 krona and 2 kronor in silver, and the 10 and 20 kronor in gold. Gold 5 kronor coins were added in 1881.

Production of gold coins ceased in 1902 and was only briefly restarted in 1920 and 1925 before ceasing entirely. Due to metal shortages during World War I, iron replaced bronze between 1917 and 1919. Nickel-bronze replaced silver in the 10, 25 and 50 öre in 1920, with silver returning in 1927.

Metal shortages due to World War II again led to changes in the Swedish coinage. The nickel-bronze 10, 25 and 50 öre were again issued between 1940 and 1947. In 1942, iron again replaced bronze (until 1952) and the silver content of the other coins was reduced. In 1962, cupronickel replaced silver in the 10 öre, 25 öre and 50 öre coins, with the 2 kronor following suit and the 1 krona switching to cupronickel-clad copper in 1968 (and later being replaced entirely by cupronickel in 1982). Five-kronor silver coins were produced in 1954, 1955 and 1971, with designs similar to contemporary 1 krona and 2 kronor coins.

In 1972, a new, smaller 5 kronor coin was introduced, struck in cupronickel-clad nickel. The current design has been produced since 1974. In 1971, the 1 and 2 öre, as well as the 2 kronor coins ceased production. The size of the 5 öre coin was reduced in 1972. In 1984, production of the 5 and 25 öre coins came to an end, followed by that of the 10 öre in 1991. Also in 1991, aluminium-brass ("Nordic gold") 10 kronor coins were introduced, along with bronze-coloured 50 öre coins.

In March 2009, the government decided to cease production of the 50 öre coins, which, since October 2010, are no longer legal tender. The reason could include low purchasing power, higher production and distribution cost than the value and the coins cannot be used in most parking machines and vending machines.

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