Öre

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Öre (Swedish pronunciation: [²œːrɛ]) is the centesimal subdivision of the Swedish krona. In the Swedish language, the plural of öre in indefinite form is either öre or ören, whereas the singular definite form is öret and the plural definite is örena.

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 This öre was withdrawn in 1776, but returned in 1855 as 1/100 of the riksdaler.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The last öre coin was withdrawn in 2010, but the centesimal subdivision is still used in non-cash contexts such as bank balances and cashless transactions, while bills to be paid in cash are rounded to the nearest krona.

Coins[edit]

1 öre[edit]

1 öre coins, by king 1844–1973

Monarch Reverse Obverse Notes
Oscar I (1844–1859) Ore1858o.JPG ORE1858.JPG
  • 2.80 g, bronze
  • Obv: Head left
  • Obv. Legend: OSCAR SVERIGES...
  • Rev: Value, date within wreath
Charles XV (1859–1872)
  • 2.70 g, bronze
  • Obv: Head left
  • Obv. Legend: CARL XV SVERIGES...
  • Rev: Value, date within wreath
Oscar II (1872–1907) Ore1884.JPG Ore1884r.JPG
  • 2.00 g, bronze
  • Obv: Crowned shield
  • Rev: Value and date flanked by crowns
Gustaf V (1907–1950) Ore1916o.JPG Oregustav.JPG
  • 2.00 g, bronze
  • Obv: Crowned monogram divides date
  • 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
  • World War I issues
Gustaf VI Adolf (1950–1973)
  • 2.00 g, bronze
  • Obv: Crown above
  • 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
Value0.5 SEK
Mass3.7 g
Diameter18.75 mm
Thickness1.80 mm
EdgePlain
Composition97% copper, 2.5% zinc and 0.5% tin
Years of minting1992–2009
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.

See also[edit]

Other coin with names deriving from the gold of which they were once made:

References[edit]

  1. ^ "Riksbank urges Sweden to ditch 50 öre coin". The Local. 18 December 2008.
  2. ^ "50-öringens öde avgörs i dag" (in Swedish). Dagens Nyheter. 25 March 2009.