The one krona used to be equivalent of the one dollar in terms of usage. To make 1 krona you needed 100 öre until 2010. While stuff is still priced in öre they now round up to the nearest krona when paying cash. The krona is due for a big change in 2016 as the will be made out of copper plated steel.
| CARL XVI GUSTAF·SVERIGE 19 99 |
| FÖR SVERIGE I TIDEN (FOR SWEDEN IN TIME) B 1KR B |
So now the öre is no longer legal tender and 1, 2, and 5 kronor are not printed notes but only coins. That is the trend that most countries have embraced except of course for America. The Swedish money still has strong buying power and is one of the most heavily traded currencies. Exchange rate is $1.00 = 0.16 (kr).
That exchange rate system or more formally European Exchange Rate Mechanism must be part of the Sweden for two years before they officially join the Eurozone and adopt the Euro. The Swedes decided not to join and therefore found a loophole to avoid switching currencies. Seeing how they are planning their 2016 coins I think Euro membership is not a priority although it was supposed to be mandatory.
Type/Country: 1 Krona / Sweden
Year: 1999 B
Mintage: 55,018,508
Metal: 75% Copper, 25% Nickel
Value: $0.20 in Very-Fine (VF-20)
Do you have any coins from Sweden and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.
