SWEDEN 1 öre K.M. 1772


SWEDEN, 1 öre K.M., 1772, copper, KM512.1, VF

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K.M. means copper money. At that time there was copper money and silver money. Both used the term öre as a denomination, but the copper had a different value than silver. Both copper and silver floated in relation to gold. The system was built on corruption. If you knew the right people you could get paid in silver or even gold, otherwise it was copper for you.

Sweden issued its first coins in the 10th century. Mostly it has been a poor country, but found itself controlling the Baltic sea as an imperial power during the 17th and 18th centuries. It adopted the principles of social democracy early in the 20th century and became prosperous.

The political arrangements that resulted in the nations of modern Europe began to emerge out of local autonomy starting in the 7th century AD or so. Europe, for our purposes, stretches from Greenland to somewhere in Russia. Collectors of Europe would likely include Russia. Collectors of Asia, even though about 2/3 of Russia is in Asia, probably not.

By “Modern World Coins” we mean here, generally, the round, flat, shiny metal objects that people have used for money and still do. “Modern,” though, varies by location. There was some other way they were doing their economies, and then they switched over to “modern coins,” then they went toward paper money, now we’re all going toward digital, a future in which kids look at a coin and say “What’s that?” We’ll say: “We used to use those to buy things.” Kids will ask “How?” The main catalog reference is the Standard Catalog of World Coins, to which the KM numbers refer.