Since 1873, Sweden is using Krona as its currency and it is subdivided into 100 öre. As a matter of fact, Krona was introduced in the country as a replacement to riksdaler ryksmynt and was also the result of deals that were made by Monetary Union. By the time when the Monetary Union was dissolved, Denmark, Norway and Sweden decided to keep names of their currencies.
Throughout the years 1873 to 1876, the first series of coins were launched to the public.
Coins come in denominations of 1, 2 and 5 öre were made from bronze while 10, 25 and 50 öre, and 1 and 2 kronor were made in Silver and 10 as well as 20 kronor were made from Gold in 1881.
The Change of Coins and Currency
As for the production of gold coins, it was ceased by the year 1902. It wasn’t until 1925 that it has been put to a complete stop. This was brought by the shortage of metals caused by World War I. For an alternative, iron replaced bronzed in years 1917 to 1919. Nickel-bronze has been used as a replacement to silver coins with denominations of 10, 25 and 50 öre in 1929.