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The Cryolite Mining and Trading Company
10 krone
冰晶石礦業貿易公司
10克朗
Item number: A1181
Year: AD 1922
Material: Copper-nickel
Size: 30.7 x 31.0 x 2.2 mm
Weight: 11.9 g
Manufactured by: Royal Danish Mint
Provenance: Denarius 2024
This coin was a token used in circulation in the mining town of Ivigtut, located in southwestern Greenland. The obverse features the denomination of 10 kroner in the centre, surrounded by the inscription of the issuing entity: the Cryolite Mining and Trading Company (KRYOLITHMINE OG HANDELSSELSKABET).
On the reverse, the central design displays a shield bearing a polar bear, the symbol of Greenland, surmounted by a winged miner’s helmet. To the left of the shield are a hammer and tools, while the right side is adorned with a shovel and a pickaxe. The upper inscription denotes the area of circulation: the Ivigtut Cryolite Mining District (IVIGTUT • KRYOLITHBRUD). The lower inscription shows the year of minting, AD 1922. To the left, the initials H•C•N represent the mint official, Hans Christian Nielsen, while the symbol ♥ signifies the Danish Royal Mint, and the initials G•J stand for the coin’s engraver, Gunnar Jensen.
Greenland possesses abundant natural resources, and the exploration and commercial extraction of various minerals provide economic benefits both to Greenland and Denmark. These activities contribute to local infrastructure development and create employment opportunities. Cryolite is a valuable mineral used as an additive in the aluminium smelting process, significantly reducing costs and playing an important role in the aviation industry, where lightweight aluminium is a crucial material for aircraft manufacturing.
During World War II, after Denmark’s surrender to Nazi Germany, the U.S. military took control of Greenland to prevent German activities in the North Atlantic, establishing military camps near Ivigtut. Following the war, and with Denmark’s membership in NATO, U.S. influence in Greenland continued to grow, affecting everything from the importation of everyday goods to the lifestyle of locals.
In AD 1940, the mining operations of the cryolite deposit were transferred from the Cryolite Mining and Trading Company to Øresund’s Chemical Factory A/S. The Danish government, as the primary shareholder (holding 50% of the shares), generated revenue from the shares without imposing special fees, using the profits as a source of social income. This arrangement led to debates within the Greenland Parliament over whether the income was being proportionally invested in local infrastructure. Additionally, there were concerns about whether the residents’ rights to influence matters of self-governance was being restricted.
As the cryolite reserves became depleted, the mine closed in AD 1987, leading to the gradual depopulation of Ivigtut, which eventually turned into a “ghost town.” Today, Ivigtut has become a destination for ruin tourism, preserving the original appearance of the former mining town, thus creating a unique time capsule that offers a glimpse into its past.
物件編號: A1181
年代: 公元 1922年
材質: 白銅
尺寸: 30.7 x 31.0 x 2.2 mm
重量: 11.9 g
製造地: 丹麥皇家鑄幣廠
來源: 第納里烏斯 2024
此硬幣為流通於格陵蘭西南部礦業城鎮伊維圖特「Ivigtut」的代幣。正面中央標示10克朗的幣值,外圈銘文為發行單位:冰晶石礦業貿易公司「KRYOLITH*MINE OG HANDELS*SELSKABET」。
背面中央為格陵蘭代表動物北極熊的盾徽,上方帶有附羽翼的礦工頭盔,左側以槌子及工具,右側以鏟子與十字鎬作為裝飾。上方的銘文為流通地區:伊維圖特冰晶石礦區「IVIGTUT • KRYOLITHBRUD」下方銘文標示年份為公元1922年,左側H•C•N為鑄幣廠負責人Hans Christian Nielsen的縮寫,右側的♥為丹麥皇家造幣廠的標示,G•J為鑄幣師Gunnar Jensen的縮寫。