FAQ Notes and coins
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.
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For more information, see Exchange of withdrawn notes and coins
Commemorative coins are legal tender, and they may be used as a means of payment. They 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 Commemorative coins minted in precious metals are not withdrawn from circulation like ordinary circulation coins, and members of the public can exchange them at face value at Norges Bank.
The Norges Bank Act gives the central bank the exclusive right to issue notes and coins. This means that Norges Bank decides on the design of notes and coins.
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.
Norges Bank does not provide services to the general public. Public services are provided by the banks. 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.
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.
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.