Editing Swedish krona (section)

== Coins ==
=== History ===
[[File:Two 20kr gold coins.png|thumb|left|Two golden 20 kr coins from the [[Scandinavian Monetary Union]], which were based on a gold standard. The coin to the left is Swedish; the right is Danish.]]
Between 1873 and 1876, coins in denominations of 1, 2, 5, 10, 25, and 50 öre and 1, 2, 10, and 20 kronor were introduced. 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. Gold 5-kronor coins were added in 1881.

In 1873 the Scandinavian Monetary Union currency was fixed so that 2,480 kronor purchased 1&nbsp;kg of gold. In 2017 the price of gold is 365,289 kronor per kg. So one öre in 1873 bought as much gold as 1.47 kronor in 2017. So if it is reasonable to have the smallest denomination coin 1 krona today, in 1873 a reasonable smallest denomination coin was 1 öre. A 10 kr gold coin weighed 4.4803 grams with 900 fineness 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 1920 and 1925 before ceasing entirely. Due to metal shortages during [[World War I]], iron replaced bronze between 1917 and 1919. Nickel-bronze replaced silver in the 10, 25 and 50 öre in 1920, with silver returning in 1927.

Metal shortages due to [[World War II]] again led to changes in the Swedish coinage. Between 1940 and 1947, the nickel-bronze 10, 25 and 50 öre were again issued. In 1942, iron again replaced bronze (until 1952) and the silver content of the other coins was reduced. In 1962, [[cupronickel]] replaced [[silver]] in the 10-öre, 25-öre and 50-öre coins.<ref name="wcc">{{cite web |title=Swedish coins catalog |url=https://worldcoinsinfo.com/world/sweden-coins.html |publisher=ONLINE COINS CATALOG |website=worldcoinsinfo.com |access-date=3 May 2022 |archive-date=22 June 2021 |archive-url=https://web.archive.org/web/20210622114900/https://worldcoinsinfo.com/world/sweden-coins.html |url-status=live }}</ref>

In 1968, the 2-kronor switched to cupronickel and the 1-krona switched to cupronickel-clad copper (it was replaced entirely by cupronickel in 1982). Nonetheless, all previous mintages of the 1-krona (since 1875) and 2-kronor (since 1876) were still legal tender until 2017, though 2-kronor coins were extremely rarely seen in circulation as they have not been issued since 1971.<ref>{{cite web |url=http://www.riksbank.se/en/Notes--coins/Coins/New-coins/Valid-coins-until-30-June-2017/2-krona-coin/ |publisher=[[Sveriges Riksbank]] |title=2-krona coin |date=9 February 2015 |access-date=21 May 2017 |archive-url=https://web.archive.org/web/20170519003956/http://www.riksbank.se/en/Notes--coins/Coins/New-coins/Valid-coins-until-30-June-2017/2-krona-coin/ |archive-date=19 May 2017 |url-status=dead}}</ref> The 2-kronor coins contained 40% silver until 1966, which meant they had been for several years worth much more than face value, so most have been bought and melted down by [[arbitrage]]urs, and the rest are kept by [[Coin collecting|collectors]].

{{multiple image
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|image1 = 1 Swedish Krona (obverse).jpg
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|footer =   1 Swedish krona minted in 1973
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In 1954, 1955 and 1971, 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. The current design has been produced since 1976. 5-kronor coins minted since 1954 are legal tender but tend to be kept by collectors for their silver content.

The [[Royal mottos of Swedish monarchs|royal motto]] of the monarch is also inscribed on many of the coins. A new 5-kronor coin was designed in 1974, at a time when there were political efforts to abandon the monarchy and the young inexperienced king.{{citation needed|date=June 2021}} The monarchy remained, but the 5-kronor was not given a portrait. Coins minted before 1974 have the same size, but contain the portrait of King [[Gustav VI Adolf]] and his royal motto.

'''[[Cash rounding]]''' (Swedish: {{lang|sv|öresavrundning}}), commonly called '''Swedish rounding''', is a legally-enforced method of rounding off change, up or down, to the nearest unit of physical currency, while retaining the {{lang|sv|öre}} as pricing and accounting unit. It was required in conjunction with the phaseout of smaller coins, as follows:
* 1971: 1- and 2-öre phased out; change rounded to nearest 5-öre.
* 1984: 5- and 25-öre phased out; change rounded to nearest 10-öre.
* 1991: 10-öre phased out; change rounded to nearest 50-öre.
* 2010: 50-öre phased out; change rounded to nearest 1-krona.

In 1971 the 2-kronor coin ceased production. In 1972 the sizes of the 5-öre and 5-kronor coins were reduced.<ref>{{cite web |url=http://worldcoingallery.com/countries/Sweden.php |first=Don |last=Norris |title=Coin Types from Sweden |publisher=Worldcoingallery.com |access-date=28 December 2010 |archive-date=8 June 2011 |archive-url=https://web.archive.org/web/20110608165121/http://worldcoingallery.com/countries/Sweden.php |url-status=live }}</ref>

In 1991, aluminium-brass ("[[Nordic gold]]") 10-kronor coins were introduced; previous 10-kronor coins are not legal tender. In the same year bronze-coloured 50-öre coins were introduced.

On 18{{nbsp}}December 2008, the Riksbank announced a proposal to phase out the 50-öre, the final öre coin, by 2010. The öre would still remain a subdivision unit for electronic payments.<ref>{{cite news |url=http://www.thelocal.se/16440/20081218/ |newspaper=[[The Local]] |title=Riksbank urges Sweden to ditch 50 öre coin |access-date=18 December 2008 |url-status=dead |archive-date=18 December 2008 |archive-url=https://web.archive.org/web/20081218210751/http://www.thelocal.se/16440/20081218/}}</ref> The reasons may have included low purchasing power, higher production and distribution cost than the value and the coins cannot be used in most parking machines and vending machines.<ref>{{cite news |title=50-öringen slopas i oktober |url=http://www.svd.se/nyheter/inrikes/artikel_2646411.svd |location=Stockholm |agency=TT |newspaper=[[Svenska Dagbladet]] |date=25 March 2009 |access-date=25 January 2015 |language=sv |archive-date=28 March 2009 |archive-url=https://web.archive.org/web/20090328113941/http://www.svd.se/nyheter/inrikes/artikel_2646411.svd |url-status=live }}</ref> On 25 March 2009, the [[Riksdag]] formally decided to enact the law to abolish 50-öre coins as legal tender. Under that law, the final date payments could be made with 50-öre coins was 30 September 2010. Remaining 50-öre coins could be exchanged at banks until the end of March 2011.

=== Contemporary ===
On 11{{nbsp}}September 2012, the Riksbank announced a new series of coins with new sizes to replace the 1-krona and 5-kronor coins; the new coins arrived in October 2016.<ref>{{cite web |url=http://www.riksbank.se/en/Notes--coins/Coins/New-coins/ |publisher=[[Sveriges Riksbank]] |title=Valid coins |date=13 February 2015 |access-date=9 April 2015 |url-status=dead |archive-url=https://web.archive.org/web/20150419215328/http://www.riksbank.se/en/Notes--coins/Coins/New-coins/ |archive-date=19 April 2015}}</ref><ref>{{cite web |url=http://www.riksbank.se/en/Notes-and-coins/New-notes-and-coins1/The-new-coins1/ |publisher=[[Sveriges Riksbank]] |title=The new coins |access-date=12 September 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120930065759/http://www.riksbank.se/en/Notes-and-coins/New-notes-and-coins1/The-new-coins1/ |archive-date=30 September 2012}}</ref> The design of the coins follows the theme of singer-songwriter [[Ted Gärdestad]]'s song, "{{lang|sv|[[Sol, vind och vatten]]|italic=no}}" (English: "Sun, wind and water"), with the designs depicting the elements on the reverse side of the coins. This also included the reintroduction of the 2-kronor coin, while the current 10-kronor coin remained the same. The new coins also have a new portrait of the king in their design. One of the reasons for a new series of coins was to end the use of [[nickel]] (for allergy reasons).<ref>{{cite news |last=Kerpner|first=Joachim|title=Nya mynten hyllning till Ted Gärdestad|trans-title=New coins a tribute to Ted Gärdestad|url=http://www.aftonbladet.se/nyheter/article15420282.ab |date=11 September 2012 |newspaper=[[Aftonbladet]]|access-date=12 December 2015 |language=sv}}</ref> Vending machines and parking meters have to a fairly high degree stopped accepting coins and accept only bank cards or [[Mobile payment|mobile phone payments]].<ref>{{cite news |url=http://www.svd.se/kommuner-slopar-myntautomater--pro-kritisk |newspaper=[[Svenska Dagbladet]] |title=Kommuner slopar myntautomater – PRO kritisk |language=sv}}</ref>

After the launch of the current coin series in 2016, all the old kronor coins have been invalid since 2017. They cannot be used for payments, nor can they be exchanged for legal tender at any bank, and are instead instructed to be recycled as metal.<ref>{{cite web |url=https://www.riksbank.se/en-gb/payments--cash/notes--coins/coins/invalid-coins/ |publisher=[[Sveriges Riksbank]] |title=Invalid coins |date=1 February 2018  |access-date=2 June 2019 |archive-url=https://web.archive.org/web/20190412083214/https://www.riksbank.se/en-gb/payments--cash/notes--coins/coins/invalid-coins/ |archive-date=12 April 2019}}</ref>

Jubilee and commemorative coins have been minted, and those since 1897 are also legal tender.<ref>{{cite web |url=http://www.riksbank.se/en/Notes--coins/Coins/Commemorative-coins/Redeeming-commemorative-coins/ |publisher=[[Sveriges Riksbank]] |title=Redeeming commemorative coins |date=18 January 2017 |access-date=21 May 2017 |archive-url=https://web.archive.org/web/20170507191725/http://www.riksbank.se/en/Notes--coins/Coins/Commemorative-coins/Redeeming-commemorative-coins/ |archive-date=7 May 2017 |url-status=dead}}</ref>

{|class="wikitable" style="margin:auto; font-size:90%; border-width:1px;"
! colspan=11 | Circulating series (1991–2016)
|-
! rowspan=2 | Image
! rowspan=2 | Value
! colspan=5 | Technical parameters
! colspan=3 | Description
! rowspan=2 | Issued<br/>from
|-
! Diameter<br/>(mm)
! Thickness<br/>(mm)
! Mass<br/>(g)
! colspan=2 | Composition
! Edge
! Obverse
! Reverse
|-
| align=center | <ref>{{cite web |url=https://www.riksbank.se/en-gb/payments--cash/notes--coins/coins/valid-coins/1-krona-coin/ |title=1-krona coin - Sveriges Riksbank |website=riksbank.se | publisher=Riksbank |access-date=10 April 2025}}</ref>
| 1 krona
| align=center | 19.50
| align=center | 1.79
| align=center | 3.60
| style="background-color:#e0954f;"|
| rowspan=2 | [[Copper]]-plated [[steel]]
| Reeded
| rowspan=3 | [[Carl XVI Gustaf]];<br/>year of issue
| Stylised solar corona;<br/>[[Three Crowns|Three crowns]];<br/>value; lettering: ''Sverige''
| rowspan=3 | 2016
|-
| align=center | <ref>{{cite web |url=https://www.riksbank.se/en-gb/payments--cash/notes--coins/coins/valid-coins/2-krona-coin/ |title=2-krona coin - Sveriges Riksbank |website=riksbank.se | publisher=Riksbank |access-date=10 April 2025}}</ref>
| 2 kronor
| align=center | 22.50
| align=center | 1.79
| align=center | 4.80
| style="background-color:#e0954f;"|
| Interrupted<br/>reeding
| Stylised whirlwind;<br/>[[Three Crowns|Three crowns]];<br/>value; lettering: ''Sverige''
|-
| align=center | <ref>{{cite web |url=https://www.riksbank.se/en-gb/payments--cash/notes--coins/coins/valid-coins/5-krona-coin/ |title=5-krona coin - Sveriges Riksbank |website=riksbank.se | publisher=Riksbank |access-date=10 April 2025}}</ref>
| 5 kronor
| align=center | 23.75
| align=center | 1.95
| align=center | 6.10
| style="background-color:#ffe550;"|
| rowspan=3 | [[Nordic gold]]:<br/>{{small|Cu: 89%<br/>Al: 5%<br/>Zn: 5%<br/>Sn: 1%}}
| Smooth
| Stylised waves;<br/>[[Three Crowns|Three crowns]];<br/>value; lettering: ''Sverige''
|-
| align=center | 
| rowspan=2 | 10 kronor
| rowspan=2 align=center | 20.50
| rowspan=2 align=center | 2.90
| rowspan=2 align=center | 6.60
| rowspan=2 style="background-color:#ffe550;"|
| rowspan=2 | Interrupted<br/>reeding
| [[Carl XVI Gustaf]];<br/>[[Royal mottos of Swedish monarchs|royal motto]]
| [[Three Crowns|Three crowns]]; value;<br/>year of issue
| 1991–2000
|-
| align=center | <ref>{{cite web |url=https://www.riksbank.se/en-gb/payments--cash/notes--coins/coins/valid-coins/10-krona-coin/ |title=10-krona coin - Sveriges Riksbank |website=riksbank.se | publisher=Riksbank |access-date=10 April 2025}}</ref>
| [[Carl XVI Gustaf]];<br/>year of issue
| [[Three Crowns|Three crowns]]; value;<br/>[[Royal mottos of Swedish monarchs|royal motto]]
| 2001
|-
| colspan=11 | {{Standard coin table notice|BrE=Y}}
|}