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Danish 20 kroner Christian IX Gold Coin

In Stock
Tavex is pleased to offer the 20 kroner Christian IX gold coin, part of Denmark’s most treasured ... read more
We sell We buy Spread
3013,00 zł
2720,00 zł 9.72%
Delivery to Parcel Terminal by Orlen Paczka – 19,00 zł
Pocztex pick-up point - 19,00 zł
Pocztex courier- 19,00 zł
Self pick-up from Tavex office - FREE
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Self pick-up from Tavex office - FREE
Delivery costs start from 19,00 zł
See more
The photos are used for illustration purposes only and may not be an exact representation of the product.

Introduction

Tavex is pleased to offer the 20 kroner Christian IX gold coin, part of Denmark’s most treasured gold coin series. Danish 20 kroner were first struck in 1873 following the establishment of what would become the world’s most successful gold-backed monetary agreement, the Scandinavian Currency Union. The 20 kroner are of great historical importance as they were the foundation of this union that ushered in four decades of prosperity, stability and peace – an epoch embodied in these durable 21.6 karat gold coins. Masterfully crafted by the Royal Danish Mint, the 20 kroner Christian IX gold coin is decorated with the portrait of a graceful female personification of Denmark and gilded with an effigy of the king himself. It can therefore been seen that the 20 kroner gold coins are priceless heirlooms of Denmark’s history, making perfect gifts or collector’s items.

Why Buy

  • 20 kroner form part of Denmark’s most famous gold coinage. Danish gold kroner issued from 1873 to 1914 are associated with a period in Denmark’s history marked by peace, a rise in general prosperity and, most importantly, four decades of stable prices. It is no wonder that 20 kroner are the most sought-after gold coins in Denmark.
  • 20 kroner are perfect for coin collections. These coins were at the heart of the Scandinavian Currency Union, an almost perfect monetary system of the time, which makes them a great pick for historical coin collections.
  • 20 kroner coins are wonderful gifts. This coin comes in an affordable weight and is embellished with the beautiful personification of the country: Mother Denmark, a perfect gift for a newborn or for those who hold Denmark in high esteem.
  • 20 kroner gold coins are money. They are exempt from Value Added Tax, and as such are exchangeable throughout Europe by bullion dealers and investors alike.
  • 20 kroner are the equivalent of savings. Danish 20 gold kroner are an ideal choice for any long-term saver who appreciates the security and stability of owning physical gold coins.
  • 20 kroner gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes sovereign gold coins serve as a portfolio hedge against market risk. 

Buying gold items means low risks and maintaining wealth

Gold's value has grown over the years making it good to maintain or grow wealth.

  • Product value (1pc)
    3013,00 zł
  • Buyback price
    2720,00 zł
  • Your risk now
    293,00 zł

Fact: gold price in PLN has risen 106.17% in the last 8 years. The lowest price was 4317,13 PLN/oz and the highest 11171,10 PLN/oz. Current world market price is 10372,40 PLN/oz

History

 The 20 kroner gold coin was produced by the Danish Royal Mint

With the specification for the gold standard made into law in 1873, the Royal Danish Mint began to issue 20 kroner gold coins. From then until 1900, it minted 1.7 million pieces that carried the effigy of King Christian IX. From 1908 to 1912, it issued an additional 1.17 million pieces of this coin, albeit with the portrait of King Frederik VIII. The last 20 kroner gold coins that depicted King Christian X were released from 1913 to 1916 and totalled 3.67 million pieces. However, 1.93 million of these coins minted in 1915 and 1916 were never available to the public due to the decision of the Danish Central Bank to suspend the conversion of bank notes into gold coins in 1914. This batch of coins was stored in the vaults of the central bank, and is today considered part of its gold reserves. In total, the mint struck approximately 6.55 million pieces of the 20 kroner gold coin during Denmark’s membership of the Scandinavian Currency Union.

 

King Christian IX depicted on the first 20 kroner gold coin

Born in 1818, Christian grew up in Denmark where he attended the Military Academy in Copenhagen. Following the death of King Frederik VII, Christian succeeded to the throne in 1863. A staunch conservative, he was generally against liberal ideas. Nevertheless, he opened the door to pensions for the elderly, unemployment assistance and tax breaks for families. He married Queen Louise with whom he had six children. His eldest offspring would become King Frederik VIII of Denmark, and the second king to be depicted on the 20 kroner gold coin. Christian IX became towards the end of his reign a national icon due to the length of his reign and for his high standards of personal morality and integrity. King Christian IX died at the royal palace in Copenhagen in 1906 at the age of 87. However, the last issue of the 20 kroner Christian IX gold coin came six years before the king’s death.

20 kroner gold coins- the Scandinavian gold standard

Whilst it is maybe impossible to create a flawless monetary system, the Scandinavian Currency Union (SCU) formed by Denmark and Sweden in 1873 and which Norway joined later in 1875 was probably the closest to perfect monetary harmony that had ever been conceived between different countries.   

Leading up to 1873, fundamental changes were occurring in global finance; silver, which for centuries had been the main currency for global trade, was gradually losing its hegemony as money to gold. The Latin Monetary Union that was based upon gold was established in 1865 between several European countries. Germany, which was a major trading partner of the Nordic countries, switched to the gold standard in 1871 with the introduction of the gold mark, and England, which was also important to Denmark and Norway in terms of trade, had adopted the gold standard in the early 1800s with the gold sovereign. Even the United States was on a pseudo gold standard from early 1834. The reason gold became the currency of choice was because of the yellow metal’s higher value-to-weight ratio, which meant that the cost of shipping and handling gold was less than that of silver. As countries began to exchange their monetary reserves by selling silver and buying gold, it naturally meant that silver in relation to gold was becoming less valuable. 

It was against this backdrop that the three Nordic countries, whose monetary system was based on silver, began to contemplate switching to a gold standard. In addition, the fact that the three Scandinavian countries had a different system of counting, coupled with the different size and metal constitution of their silver coinage, complicated matters further. For example, Sweden used the silver riksdaler that was based on the decimal system, while Denmark with the rigsdaler and Norway with the speciedaler based their systems on fractions. These differences caused additional exchange costs and were a burden for merchants given the significant regional trade that was conducted between these three countries. 

Consequently, in 1873, Denmark and Sweden decided to create the first Scandinavian currency union based on the gold standard. The new system stipulated that the “krone” in Danish and “krona” in Swedish (crown in English) was to become the new unit of account, with it being divisible into 100 öre. The denominations of 20 and 10 kroner were made of gold, with 1 kg of gold being equal to 2,480 kroner. In other words, 1 gold krone was set to equal 0.403 grams of gold. In conjunction with krone gold coins, silver kroner and, later, bank notes were introduced in the three countries. All Scandinavian kroner were deemed legal tender and were freely interchangeable at par at either of the central banks that were part of the SCU. An important aspect of this system was that whoever held silver kroner or bank notes was entitled to have them exchanged for gold at the central bank.  

Even though the SCU system was standardised and the money in circulation was set to have uniformity of value, it was still decentralised. This meant that no central bank in the union controlled the flow of gold. For example, if Norway had a trade deficit with a country outside the union (the value of its imports was higher than the value of its exports), it then meant that to bridge this difference the country had to pay in gold. Thus, gold would flow out of Norway. It is here that the remarkable beauty of the self-adjustment mechanism of the gold standard came into play. With gold flowing out of Norway, the country’s money supply (gold) would shrink, leading to deflation, i.e. lower prices. With Norway now having lower prices of its goods (in terms of gold), other countries would then be more interested in acquiring Norwegian goods, thus gold would flow back into the country, re-asserting the balance between the country’s output and its money supply.    

This system worked so well that the three central banks did not even intervene in the financial markets (in contrast to today) for almost four decades, and besides proving to be extremely efficient and easy to maintain, it also helped to foster trade, and thus prosperity. 

 

20 kroner gold coins fostered Denmark’s prosperity 

The SCU was of great benefit to all its members. Financial costs were lower as the new standard and uniform currency proved to be less complicated than the former system. Exchange rates between these three countries were stable, which directly benefited merchants and the public at the expense of the speculator and, most importantly, inflation during the time of the SCU was almost non-existent. In fact, from 1873 to 1914, the average annual inflation rate was 0.1%, whilst real disposable income during the same timeframe increased by almost 100%!  

This system provided the country with 40 years of stability, prosperity and peace. The 20 kroner gold coins were at the forefront of this period that saw Denmark transform itself into a modern industrial nation. The country’s growth of real wages during the gold standard was among the highest in the world. Its agricultural sector boomed, constituting over half of the county’s total exports by 1914. Foreign trade expanded enormously, Denmark became a net importer of capital – partially attributed to the stable monetary system – mortality rates dropped considerably, and major social reforms were undertaken. Considering all the above, this was a golden era in Denmark’s history, an era embodied in the 20 kroner gold coins.  

However, golden eras tend not to last forever. With WWI raging, Sweden’s central bank thought it would be prudent to temporarily suspend the free movement of gold and the convertibility of paper kroner into gold kroner. Norway and Denmark’s central banks followed suit. The prerequisite for the functioning of this system was shutdown. It is not clear if this decision was an over-reaction on the part of the central bankers, who probably sought to safeguard the nations’ gold as the effects and outcomes of the war were unknown. However, their decision was the first nail, in a series of many, that would lead to the Union’s break up in 1924. 

 

The 20 kroner gold coin was produced by the Danish Royal Mint

With the specification for the gold standard made into law in 1873, the Royal Danish Mint began to issue 20 kroner gold coins. From then until 1900, it minted 1.7 million pieces that carried the effigy of King Christian IX. From 1908 to 1912, it issued an additional 1.17 million pieces of this coin, albeit with the portrait of King Frederik VIII. The last 20 kroner gold coins that depicted King Christian X were released from 1913 to 1916 and totalled 3.67 million pieces. However, 1.93 million of these coins minted in 1915 and 1916 were never available to the public due to the decision of the Danish Central Bank to suspend the conversion of bank notes into gold coins in 1914. This batch of coins was stored in the vaults of the central bank, and is today considered part of its gold reserves. In total, the mint struck approximately 6.55 million pieces of the 20 kroner gold coin during Denmark’s membership of the Scandinavian Currency Union.

Product weight in grams
8.9606
Gold weight in grams
8.06454
Fineness
900
Gold weight in troy ounces
0.25928
Diameter
23
Thickness
-
Face value description
20 kroner
Manufacturer
Denmark

Obverse

The obverse pictures King Christian IX. Around his effigy is the text “CHRISTIAN IX KONGE AF DANMARK” which translates as “Christian IX King of Denmark”. Under the king’s neckline is a small heart, which is the mark of the Royal Danish Mint, the year of mintage, and the signature of the master engraver “CS”.

Reverse

The reverse portrays an imposing allegorical personification of Denmark, symbolised as a female figure in a sitting position with her left arm posed on a shield and wielding a sceptre in her right hand. In front of her is a dolphin and behind her a sheaf of wheat. She is half encircled by the denomination “20 KRONER”.

Packaging

Each coin is individually packaged in a hard plastic capsule if desired.

DELIVERY

When placing an order through our online shop, you can choose to have the products delivered to the indicated address or to collect them in person at one of our offices in Poland.

1. Delivery: after we have received your payment, the products will be dispatched within 24-48 hours. Delivery time is within 1 to 3 working days.

2. Self pick-up: you are welcome to come and collect your products at one of our offices the same day we notify you that we have received your payment. You need to bring a valid ID to collect the products.

INSURANCE

The package is insured and in the extremely unlikely case that the package is lost or damaged, Tavex Sp. z o.o. will re-ship the items or refund your money. The insurance only applies whilst the products are in transit and ceases to be valid once the shipping carrier obtains the recipient’s signature.

PACKAGING

The products are encased in protective wrapping and placed in a discreet, unbranded padded package.

SHIPMENT TRACKING

Once the products have been packaged, the tracking number is sent to your email address. On the Pocztex website, you use tracking tool together with the tracking number you received and follow the shipping process of your order.

DELAYS

Should a delivery delay occur or if the ordered product is out of stock, Tavex will contact you by email to give you details about the delivery.

SHIPPING PRICES

The shipping charges within Poland:

  • Pocztex POINT (Żabka, Automat, and others) – PLN 19.00;
  • Pocztex COURIER – PLN 19.00;
  • Delivery to Parcel Terminal by Orlen Paczka – PLN 19.00;
  • Priority registered letter – PLN 9.00;
  • Fedex – price according to the FedEx website;
  • Individual CHL transport – PLN 599.00.

The availability of a specific shipping method for a particular order depends on the contents of the shopping cart, i.e., the type of products ordered and their value.

The option of personal pickup of products at the selected branch is free of charge.

Expected shipping cost

Tavex offers easy and secure shipping for all online orders. Take a look at the expenses.

DELIVERY

When placing an order through our online shop, you can choose to have the products delivered to the indicated address or to collect them in person at one of our offices in Poland.

1. Delivery: after we have received your payment, the products will be dispatched within 24-48 hours. Delivery time is within 1 to 3 working days.

2. Self pick-up: you are welcome to come and collect your products at one of our offices the same day we notify you that we have received your payment. You need to bring a valid ID to collect the products.

INSURANCE

The package is insured and in the extremely unlikely case that the package is lost or damaged, Tavex Sp. z o.o. will re-ship the items or refund your money. The insurance only applies whilst the products are in transit and ceases to be valid once the shipping carrier obtains the recipient’s signature.

PACKAGING

The products are encased in protective wrapping and placed in a discreet, unbranded padded package.

SHIPMENT TRACKING

Once the products have been packaged, the tracking number is sent to your email address. On the Pocztex and InPost websites, you use tracking tool together with the tracking number you received and follow the shipping process of your order.

DELAYS

Should a delivery delay occur or if the ordered product is out of stock, Tavex will contact you by email to give you details about the delivery.

SHIPPING PRICES

The shipping charges within Poland:

  • Pocztex POINT (Żabka, Automat, and others) – PLN 19.00;
  • Pocztex COURIER – PLN 19.00;
  • InPost COURIER – PLN 19.00;
  • InPost PARCEL LOCKER – PLN 14.00;
  • Priority registered letter – PLN 9.00;
  • Fedex – price according to the FedEx website;
  • Individual CHL transport – PLN 299.00.

The availability of a specific shipping method for a particular order depends on the contents of the shopping cart, i.e., the type of products ordered and their value.

The option of personal pickup of products at the selected branch is free of charge.

Item in Stock

This item is in stock and ships right after payment is made and is ready for self-pickup.

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