The Swedish öre was a unit of currency, equivalent to 1/100th of a Swedish krona. While it is no longer in circulation as a physical coin (the last one was withdrawn in 2010), the öre remains a unit for pricing and accounting purposes, especially in digital transactions. Cash payments are rounded to the nearest krona.
Here are some key points about the öre:
- History:
– It was a unit of account in the 11th century and first minted as a coin in 1522.
– It was withdrawn in 1776 but returned in 1855 as 1/100 of the riksdaler.
– When the krona replaced the riksdaler in 1873, öre became the subdivision of the krona.
- Meaning: The name “öre” is derived from the Latin word “aurum”, meaning “gold”.
- Discontinuation: Öre coins were discontinued due to factors like inflation and the cost of minting small coins.
- Current Status: Although not physical coins, the öre still exists for pricing and accounting, especially in digital transactions.
For collectors, old öre coins are available for purchase online. Examples include:
- A 1978 25 öre coin for around $12.19.
- A 1990 10 öre coin for approximately $2.43.
- A 1979 50 öre coin for roughly $1.50.
- A rarer 1885 2 öre coin in good condition for about $19.
- A 1937-1950 1 öre coin for around $5.99.
The official Swedish Mint and Central Bank are responsible for issuing currency in Sweden.
What is öre Sverige’s currency?
Good point! 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?
Swedish coins can be more valuable than you think, especially if they contain precious metals or have historical significance.
Where is the öre coin from?
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.