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In 1954, 19, 5 kronor silver coins were produced, with designs similar to contemporary 1 krona and 2 kronor coins.In 1972, a new, smaller 5 kronor coin was introduced, struck in cupronickel-clad nickel. 5 kronor coins minted since 1954 are legal tender but tend to be kept by collectors for their silver content.
The royal motto of the monarch is also inscribed on many of the coins.
The 1, 2 and 5 öre were in bronze, the 10, 25, 50 öre and 1 krona and 2 kronor were in silver, and the 10 and 20 kronor were in gold. In 1873 the Scandinavian Monetary Union currency was fixed so that 248,000 öre purchased 1 kg of gold.
In 2017 the price of gold is 365,289 kronor per kg.
In 1971, the 1 and 2 öre, as well as the 2 kronor coins ceased production. In 1984, production of the 5 and 25 öre coins came to an end, followed by that of the 10 öre in 1991.
In 1991, aluminium-brass ("Nordic gold") 10 kronor coins were introduced. Also in 1991, bronze-coloured 50 öre coins were introduced.
One krona is subdivided into 100 öre (singular and plural; when referring to the currency unit itself, however, the plural definite form is ören).
However, all öre coins have been discontinued as of 30 The introduction of the krona, which replaced at par the riksdaler, was a result of the Scandinavian Monetary Union, which came into effect in 1873 and lasted until the beginning of World War I.
The 2 kr coins contained 40% silver until 1966, which meant they had been for several years worth much more than 2 kr, so most have been bought and melted down by arbitrageurs, and the rest are kept by collectors).
A new design of 2 kronor coins will be issued in 2016.
A 10 kr gold coin weighed 4.4803 grams with 900 finess so that the fine weight was 4.03327 grams or exactly 1/248th of a kilogram.
In 1902, production of gold coins ceased, and was briefly restarted in 19 before ceasing entirely.
Under that law, the final date payments could be made with 50 öre coins was September 30, 2010.