FAQ - Notes and coins

  1. Where can I find statistics on Norwegian notes and coins?
    Updated figures are published on our website in February each year. In addition, Norges Bank publishes monthly figures for notes and coins in circulation. See Norges Bank's monthly balance sheet.
  2. Do old banknotes and coins have collector value?
    The collector value of some notes and coins is higher than the face value. Coin dealers can answer your questions about collector value and a number of catalogues provide an overview of such notes and coins. Det Norske Myntverket (Mint of Norway) has a list of links to coin dealers and numismatic organisations and associations.
  3. Can I use old banknotes and coins as a means of payment?
    A note or coin that has been withdrawn will continue to be legal tender for one year after the proclamation. 
  4. What do I do with notes and coins that are no longer legal tender?
    When a note or coin is replaced by a new series, the old series of this denomination will be legal tender for one year from the proclamation date. After that and for the next ten years, the old series note or coin may be delivered to Norges Bank and exchanged for the new series. For more information, see Withdrawn notes and coins
  5. How can I obtain unused notes and coins?
    Norges Bank is the bankers' bank and does not provide services to the general public. Public services are provided by the banks. Private and business customers may obtain notes and coins and deposit their surplus cash holdings in banks. Banks deposit their surplus holdings to Norges Bank and obtain the notes and coins required to meet customer needs. New notes and coins are produced according to need, primarily to replace notes and coins that have been withdrawn from circulation. After that, production will be adjusted to the general public's use of cash as a means of settlement.
    You may contact your bank or a coin dealer if you want to purchase notes or coins of special quality.
    Some banks and coin dealers also sell special products such as coin sets.
  6. How can I determine whether a note is genuine?
    In order to easily distinguish between genuine notes and counterfeits, Norwegian banknotes have many security features. Some of these are visible and others are not.Check that the banknotes in series VIII are genuine.
  7. Can commemorative coins be used as a means of payment?
    Norges Bank issues commemorative coins pursuant to Section 16 of the Norges Bank Act. Since these coins are legal tender, they may be used as a means of payment. Such commemorative coins are ordinarily minted in precious metals such as gold and silver, and are limited to marking major events of national importance. They are primarily collector's items associated with these events and are not ordinarily used as a means of payment. And as collector's items, they are also normally sold at a premium above their face value. These coins cannot be used in vending machines. Commemorative coins minted in precious metals are not withdrawn from circulation like ordinary circulation coins, and members of the public can exchange them at face value at Norges Bank.
    In recent years, Norges Bank has occasionally issued special edition circulation coins (pursuant to Section 13 of the Norges Bank Act) to commemorate national events of special importance. These coins' technical specifications and face value are identical to those of ordinary circulation coins, while the design differs on the reverse side or on both sides. These commemorative coins are used as means of payment in parallel with ordinary circulation coins. They can also be used in vending machines just like ordinary coins.
  8. Who decides on the design of notes and coins?
    The Norges Bank Act gives the central bank the exclusive right to issue notes and coins. This means that the central bank decides on the design of notes and coins.
    Developing notes and coins is a challenging task. Notes and coins must be user-friendly and easy to handle and meet the requirements of all user groups for a secure and effective means of payment. In addition, notes and coins are symbols of the nation's history and culture. The Bank may establish advisory committees for the purpose of ensuring the artistic design and correct use of portraits, national regalia, national coat of arms and other national or royal symbols.
  9. Where are notes and coins produced?
    Up until 2007, Norwegian notes were produced at Norges Bank's Printing Works in Oslo. The Printing Works was shut down in June 2007 following a decision made by the Executive Board in 2002. From 2008, commercial security printers abroad have produced Norwegian notes. Norwegian coins, circulation coins and commemorative coins are produced at Mint of Norway in Kongsberg.
  10. What should I do if a counterfeit note comes into my possession?
    If you have accepted a counterfeit note as payment, that money is lost. Do not attempt to use a counterfeit note as a means of payment, as this is a criminal offence punishable by imprisonment.
    If a counterfeit banknote comes into your possession, report it to the police. When we discover counterfeit notes in our banknote processing system, we hand them over to the police so that they can investigate the matter. The police receive counterfeit notes from all over the country, which enables them to investigate any possible links between the individual cases.
  11. What happens to worn or damaged notes?
    Part of Norges Bank's responsibility as issuer is to produce new notes to replace those that are worn or damaged. Worn notes are delivered to Norges Bank from banks, and replacements are delivered to banks from Norges Bank. Worn notes are destroyed after being delivered to Norges Bank and checked for authenticity.
  12. What do I do with a damaged/defective banknote?
    Norges Bank has the following rules for exchanging damaged/defective notes:
    - At least 55 percent of the note is intact: compensation at nominal value.
    - 50–55 percent of the note is intact: compensation at half the nominal value.
    - Less than 50 percent of the note is intact: no compensation paid.

    Compensation for a damaged note consisting of several parts will only be paid if it can be shown that the parts originated from the same note. The serial number is not significant; compensation is based on the size of the damaged part of the note. In cases of doubt, defective notes are sent to Norges Bank for assessment, with a brief summary and an account number, so that the Bank can credit your account with the value in the event you receive compensation. See Regulation relating to compensation for lost, burnt or damaged notes and coins.
Published 15 November 2007 13:38
Edited 9 November 2017 12:04