Öre Explained

Öre (in Swedish pronounced as /ˈœ̂ːrɛ/) is the centesimal subdivision of the Swedish krona. In the Swedish language, the plural of öre is either öre (indefinite) or ören (definitive).

The name öre derives from the Latin word aereus/aurum, meaning gold.^[1] The corresponding subdivisions of the Norwegian and Danish krones are called øre.

Öre coins have been withdrawn since 2010, but the unit remains.

History

During the Middle Ages, the öre was a unit of Swedish currency equal to 1/8 of a mark, 3 örtugar or either 24, 36 or 48 penningar (depending on the geographical area in which it was used). It was already a unit of account in the 11th century, but was not minted as a coin until 1522. This öre was withdrawn in 1776, but returned in 1855 as of the riksdaler. The riksdaler was replaced by the krona in 1873 (one riksdaler equalling one krona), but öre remained the name of the minor unit.

The last öre coin was withdrawn in 2010, but the centesimal subdivision is still used in non-cash contexts such as bank balances and cashless transactions, while bills to be paid in cash are rounded to the nearest krona.

Coins

1 Fyrk

1 Fyrk coin had a value of a part of 1 öre.

1 öre

1 öre coins, by king 1844–1973

Monarch	Reverse	Obverse	Notes
Oscar I (1844–1859)			2.80 g, bronze Obv: Head left Obv. Legend: OSCAR SVERIGES... Rev: Value, date within wreath
Charles XV (1859–1872)			2.70 g, bronze Obv: Head left Obv. Legend: CARL XV SVERIGES... Rev: Value, date within wreath
Oscar II (1872–1907)			2.00 g, bronze Obv: Crowned shield Rev: Value and date flanked by crowns
Gustaf V (1907–1950)			2.00 g, bronze Obv: Crowned monogram divides date Rev: Value and crowns Edge: Plain
Gustaf V (1907–1950)			1.75 g, iron Obv: Crowned monogram divides date Rev: Value and crowns World War I issues
Gustaf VI Adolf (1950–1973)			2.00 g, bronze Obv: Crown above Rev: Value within circle divides date below crown Edge: Plain

50 öre

Denomination:	Fifty öre
Country:	Sweden
Value:	0.5
Unit:	SEK
Mass:	3.7
Diameter:	18.75
Thickness:	1.80
Edge:	Plain
Composition:	97% copper, 2.5% zinc and 0.5% tin
Years Of Minting:	1992–2009
Obverse:	50 öre SEK.png

From October 1992, the only coin in use in Sweden with a value below 1 kronor was the 50 öre coin.^[2] On 18 December 2008, the Swedish Riksbank announced a recommendation to the Swedish government to phase out the final öre coin by 2010.^[3] The coin ceased to be minted on 25 March 2009^[4] and ceased to be legal tender after 30 September 2010.

Notes and References

https://www.riksbank.se/sv/om-riksbanken/historia/historisk-tidslinje/2000-2018/ore-avskaffas-som-myntenhet/ "Ordet öre kommer av latinets Aereus/aurum"
Web site: Invalid coins.
Web site: Riksbank urges Sweden to ditch 50 öre coin. The Local. 18 December 2008.
Web site: 50-öringens öde avgörs i dag. sv. Dagens Nyheter. 25 March 2009.