LOT Old Heritage Auctions  /  2007 Sept Long Beach, CA Sig Currency #448  / 

12526

Greenland Chits - Crisp Uncirculated.

Currency:USD Category:Coins & Paper Money Start Price:1,650.00 USD Estimated At:2,000.00 - 3,000.00 USD
Greenland Chits - Crisp Uncirculated.
<B>Greenland Chits </B></I><BR> This lot of rare Greenland chits starts off with the following denominations - 1; 2 <B>XF</B></I>; 5; 10; 25; 50 Ore; and 1 Krone. These were current from 1910 until 1926 and showed that the recipient had a credit with the Royal Greenland Trade Organization. However, the 2; 5; and 10 Ore must be considered remainders. The four that were placed in "circulation" were the 1; 10; 50 Ore; and 1 Krone as they have a handstamp of "Nr. 12 Kavane" on their backs. When customers received these chits, they were handstamped "Avane" for North Greenland and "Kavane" for South Greenland, with the Arctic Circle being the dividing line. The number "12" refers to a town of issue. Included with this lot are two more chits, a 1 and 2 (small spot on back) Ore with the overprint of "Grl. Adm." in red ink on the face. These are from World War Two when Greenland was cut off from Denmark. Remainders of 1; 2; 5; and 10 Ore from the previous issue were overprinted and only then were they valid as currency. This is a great lot of little-known numismatic items. The pieces measure roughly 21 by 34mm and are <B>Crisp Uncirculated </B></I>except where noted. The "Grl. Adm." pieces are listed in the Krause and the Schwan-Boling references and they, much less the other chits, hardly ever come on to the marketplace.<BR><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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