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Auction: 317 - The Collector's Series
Lot: 829

Færøe Islands. C.F. Siemsen. 16 Skilling I Vare Token (1846). Merchant's initials, rev. Value. Sieg 6, KM Tn8. C.F. Siemsen, a German merchant, operated stores in the Færøe Islands and Reykjavik, Iceland; and these tokens were used at both locations. Since few Danish or other Scandinavian coins found their way to the Færøes or Iceland, merchants were forced to issue their own private money. Token issues began in the mid-19th Century. In Iceland, some issuers, though, posted inflated prices alongside legal circulating coins. The backlash resulted in the 1901 ban on the production and usage of tokens in Iceland. Very scarce. Some lustre, About Uncirculated.

Sold for
$250