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Posted 12/10/2017 12:39 pm
I don't think they actually withdrew them considering there was no demonetization. If there would have been then it would probably have been earlier. Instead, I'm pretty sure the coins were too large for general circulation, afterall they weighed exactly as much as two 1 kr coins but had a much larger diameter. It would've been much smoother to have two smaller 1 kr coins instead. I'm also very sure these were hoarded as the .400 silver 2 kr coins are today VERY abundant despite low mintages. Infact, I think these suffered the (almost) exact same fate as in the US and Canada. A big coin with a lower denomination worth half the amount and also weighed half as much. Less smooth, so people stopped using them, people noticed they became rarer and starting hoarding them and thus they gradually disappeared. Changing the composition didn't help either. It worth to notice that the mintages for 1 kr coins (1968-1971) were well in the 10's of millions whereas 2 kr were in single millions. For the .400 silver versions, there are occational year gaps for 2 kr coins (1960, 1962, 1967 and no silver for 1968) where no coins were minted while 1 kr coins were minted as usual and in good amounts. Mintages for the silver 2 kr coins only twice broke 2 million while the last silver 1 kr had tens of millions in for several years and most of the 1960's. So their absence was big even then, just looking at the numbers.
And to be fair - its time had come anyway. 1971 was its last year of mintage along with the 1, 2 and large 5 Öre. A 5 kr coin was introduced in 1972 (although the note was printed up until 1981) so inflation already rendered it too big.
Now I have to correct myself: the reason we don't have a 20 kr coin is not because a power clash between governments, but rather different recommendations. The financial ministry recommended against a coin but the Riksbank recommended it. A vote was held in parliament in 2009 (?) which resulted in favour of keeping the note, but not by a large margin.
And to be fair - its time had come anyway. 1971 was its last year of mintage along with the 1, 2 and large 5 Öre. A 5 kr coin was introduced in 1972 (although the note was printed up until 1981) so inflation already rendered it too big.
Now I have to correct myself: the reason we don't have a 20 kr coin is not because a power clash between governments, but rather different recommendations. The financial ministry recommended against a coin but the Riksbank recommended it. A vote was held in parliament in 2009 (?) which resulted in favour of keeping the note, but not by a large margin.
