The “öre” was a unit of Swedish currency.
Historically:
- Middle Ages: It functioned as a unit of account as early as the 11th century but wasn’t minted as a coin until 1522. During this time, its value fluctuated depending on the region.
- 1776: The öre coin was withdrawn from circulation.
- 1855: The öre reappeared as a subdivision of the riksdaler, with 1 öre equaling 1/100 of a riksdaler.
- 1873: The riksdaler was replaced by the krona (crown), but the öre remained as the minor unit, with 100 öre equaling one krona. The krona was introduced as a result of the Scandinavian Monetary Union.
- 2010: The last öre coin, the 50-öre, ceased to be valid as a means of payment in Sweden. While cash payments are now rounded to the nearest krona, the öre still exists as a unit of account for non-cash transactions and bank balances.
- Sweden | 50 Ore Coin | King Gustaf V | 1920 – 1947: These coins are available for purchase online for around $5.76 USD. They feature King Gustaf V and were circulated between 1920 and 1947.
What is öre Sverige’s currency?
As with our pennies and the pound, the öre is 1/100 of the Swedish krona. Its name comes from the Latin ‘aureus’ (meaning ‘golden’), which was a Roman gold coin worth 25 denarii. The öre began life as a unit of account in the 11th century. It was first made as a coin in 1522.
What is a Sverige coin?
In Sweden there are four different coins that are legal tender: 1-krona, 2-krona, 5-krona and 10-krona. Click on each coin below to read more.
Are Swedish coins worth anything?
Thanks for asking. Swedish coins can be more valuable than you think, especially if they contain precious metals or have historical significance.
Which country is the öre coin from?
From my experience, As a coin, the first öre was struck in Sweden in 1522, when it was a silver coin weighing 1.37 grams. Öre coins ceased to be minted in 1778 in conjunction with the currency reform of 1776.