ÖR: COIN OF SWEDEN
2 ör, 1762: Kingdom of Sweden
Ruler: Adolf Frederick — King of Sweden from 1751 until 1771; the first monarch from the House of Holstein-Gottorp.
2 ÖR - S.M.: 2 ör - SilverMynt (Silver coin).
In the 17th century, Sweden became the only state in Europe whose monetary system was based on copper-silver bimetallism. In parallel, there were silver (silvermynt) and copper (kopparmynt) coins. A few decades after the appearance of the first copper coins, worsened the problem, which consisted in the unstable ratio of the price of silver and copper. Copper became cheaper. In order for a copper coin in its real value (the price of metal) to correspond to a silver coin of the same denomination, they had to be made in completely inadequate sizes. During the reign of Carl XII, an attempt was made to issue so-called fiat money — credit copper money with a face value significantly higher than the price of the metal contained in them, equal in price to silvermynt coin (for example öre kopparmynt and öre silvermynt). The release of a huge number of these coins led to a complete breakdown of the country's financial system.
Two crossed arrows (coat of arms of the province of Dalarna) probably as Avesta Mint symbol. Avesta — an industrial town, the old Swedish center of copper mining in Dalarna province [although there is information that in the Avesta copper coins were continued to be minted only until 1831].
Crown.
A - F - S - G - V - R: Adolf Fredrik King of Sweden, of the Goths and the Wends (from Latin "Adolfus Fredrik Sueciae, Gothorum et Vandalorum Rex").
Crowned lion on the striped shield as part of coat of arms of Sweden (probably symbol of the old Swedish House of Folkung), surrounded by three golden crowns from the coat of arms of Sweden.
Mintage: 4.339.000.
- Copper: 34 mm - 28.07 g
- Reference price: 22$
COIN ÖR — WHERE & WHEN (coins catalog: by names & emitents)
- KINGDOM OF SWEDEN (16th-18th centuries): ör = 1/96 riksdaler
ÖR as coin name.
The modern exchangeable coin of Sweden, the öre, has been issued for more than five centuries in a row.
During the 16th and 18th centuries, the denomination was indicated on coins of this type in three different formats: ö, ör, and öre (no regularities of using one or another spelling have been recorded).
However, during the 17th century, for reasons unknown to me, all the mentioned Swedish coins had the inscription ÖR and no other variants.
Of course, ör is not a separate, independent denomination. However, due to the considerable number of uses of this numismatic term during the 16th and 18th centuries, I decided to highlight it separately.
It is noteworthy that despite over a century of continuous labeling of these Swedish coins with the term ÖR and nothing else (instead of öre), no online numismatic source that I know of uses this name.
Starting from the middle of the 19th century, such coins bear only the full inscription — öre.
