Öre

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The Öre (Swedish pronunciation: [øːrɛ]) is the centesimal subdivision of the Swedish krona. In the Swedish language, the plural and singular of öre are the same in the indefinite forms, whereas the singular definite form is öret and the plural definite is ören. The name derives from the Latin aureus (golden), the name of a coin worth 25 denarii.[citation needed] The corresponding subdivisions of the Norwegian and Danish krones are called øre.

History[edit]

During the Middle Ages, the öre was a unit of Swedish currency equal to 1/8 of a mark, 3 örtugar or either 24, 36 or 48 penningar (depending on the geographical area in which it was used). It was already a unit of account in the 11th century, but was not minted as a coin until 1522. This öre was withdrawn in 1776, but returned in 1855 as 1/100 of the riksdaler. The riksdaler was replaced by the krona in 1873 (one riksdaler equalling one krona), but öre remained the name of the minor unit. The last coin featuring öre was decommissioned in 2008 and there are no longer any öre coins in use, but the öre is still used in bank accounts and in cashless transactions.

Coins[edit]

1 öre[edit]

1 öre coins, by king 1844-1973
Oscar I of Sweden 1844-1859
Ore1858o.JPG
ORE1858.JPG
2.80 g, bronze

Obv: Head left

Obv. Legend: OSCAR SVERIGES...

Rev: Value, date within wreath

Charles XV of Sweden 1859-1872 .............................. ............................ 2.70 g, bronze

Obv: Head left

Obv. Legend: CARL XV SVERIGES...

Rev: Value, date within wreath

Oscar II of Sweden 1872-1907
Ore1884.JPG
Ore1884r.JPG
2.00 g, bronze

Obv: Crowned shield

Rev: Value and date flanked by crowns

Gustaf V of Sweden 1907-1950
Ore1916o.JPG
Oregustav.JPG
2.00 g, bronze

Obv: Large cross[does not agree with illustration]

Rev: Value and crowns Edge: Plain

Ore1917o.JPG
Ore1917.JPG
1.75 g, iron[citation needed]

Obv: Crowned monogram divides date

Rev: Value and crowns

Note: World War I issues

Gustaf VI Adolf of Sweden 1950-1973 2.00 g, bronze

Obv: Crown above

inscription Rev: Value within circle divides date below crown

Edge: Plain

2 öre[edit]

5 öre[edit]

10 öre[edit]

25 öre[edit]

50 öre[edit]

Fifty öre
Sweden
Value 0.5 SEK
Mass 3.7 g
Diameter 18.75 mm
Thickness 1.80 mm
Edge Plain
Composition 97% copper, 2.5% zinc and 0.5% tin
Years of minting 1992–2009
Obverse
50 öre SEK.png
Reverse

From 1991, the only coin in use in Sweden with a value below 1 kr was the 50 öre coin. On 18 December 2008, the Swedish Riksbank announced a recommendation to the Swedish government to phase out the final öre coin by 2010.[1] The coin ceased to be minted on 25 March 2009[2] and ceased to be legal tender after 30 September 2010.

The Öre is still used as a unit of account for all transactions not featuring cash.

See also[edit]

Other coin names that are derived from the gold of which they were once made:

References[edit]

  1. ^ The Local. "Riksbank urges Sweden to ditch 50 öre coin." 18 December 2008.
  2. ^ DN.se. "50-öringens öde avgörs i dag." 25 March 2009