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(1904) Author: Gustav Sundbärg
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XIV.

CREDIT AND INSURANCE
ESTABLISHMENTS.

1. THE ROYAL MINT.

Since 1873, gold is the legal tender and the standard of value in
the country. The monetary unit is 10 kronor in gold, and the counting
unit is 1 krona, which is divided into 100 öre. Of gold there are struck
coin pieces of 20, 10, and 5 kronor. The alloy employed consists of 9/io
gold and 1/io copper. One kilogram of pure gold is coined into 2,480
kronor. A twenty kronor piece shall consequently contain 8’064 5 grams
of fine gold and have a gross weight of 8-9bo6 grams; the rest of the
coin pieces are to have a percentage of pure gold and a weight in this
same proportion. For the subsidiary coins silver and bronze are used.
Of silver are struck pieces of 2 kronor, 1 krona, 50, 25, and 10 öre.
The silver used is an alloy of silver and copper (8/n> silver and 2/io
copper for 2 and 1 krona; 6/jo silver and V10 copper for 50 and 25 öre:
*/io silver and 6/k> copper for 10 öre). Of bronze (95 % of copper, 4 %
of tin, and 1 % of zinc) are struck pieces of 5, 2, and 1 öre. 100 kronor
in two-kronor pieces, one-krona pieces, and fifty-öre pieces are to
contain tf00 grams of silver; the percentage of silver in 25 and 10 örr
pieces is somewhat less.

With respect to remedy — or the greatest deviation allowable above or below
the percentage and gross weight determined by the coinage law — there is the
following regulation. Gold coin: remedy of fineness is 11/a pro mille of the
gross weight for all gold coins; remedy of weight is fixed for every particular
piece as well as for a greater number thereof; the former is fixed to I1/» pro
mille for the twenty kronor piece, 2 pro mille for the ten kronor piece, and 3
pro mille for the five kronor piece; the latter to 5 grams for every weight of 10
kilograms (= V* pro mille). — Silver coin: remedy of fineness is 3 pro mille;
remedy of weight is 3 pro mille for the two-kronor piece, and 5 pro mille for
the one-krona piece; for the rest it is calculated per kilogram of coin and is
fixed to 6 pro mille for fifty-Ore pieces, 10 pro mille for twenty-five Ore pieces,
and 15 pro mille for ten-Ore pieces.

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