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Danish 10 kroner Christian X Gold Coin

Out of stock
Tavex is pleased to offer the 10 kroner Christian X gold coin, part of Denmark’s most treasured ... read more
We sell We buy
1-4
-
1 973,47 DKK
5-9
-
1 976,47 DKK
10+
-
1 979,47 DKK

Introduction

Tavex is pleased to offer the 10 kroner Christian X gold coin, part of Denmark’s most treasured gold coin series. Danish 10 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 10 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 10 kroner Christian X gold coin is decorated with the rich coat of arms of Denmark and gilded with an effigy of the king himself. It can therefore been seen that the 10 kroner gold coins are priceless heirlooms of Denmark’s history, making perfect gifts or collector’s items.

Why Buy

  • 10 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 10 kroner are among most sought-after gold coins in Denmark.
  • 10 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.
  • 10 kroner are wonderful gifts. This coin comes in an affordable weight and is embellished with the rich coat of arms of the country, a perfect gift for those who hold Denmark in high esteem
  • 10 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.
  • 10 kroner are the equivalent of savings. Danish 10 gold kroner are an ideal choice for any long-term saver who appreciates the security and stability of owning physical gold coins.
  • 10 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

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  • Product value (1pc)
    2 220,12 DKK
  • Buyback price
    1 973,47 DKK
  • Your risk now
    246,65 DKK

Fact: gold price in DKK has risen 86.17% in the last 8 years. The lowest price was 7 537,09 DKK/oz and the highest 15 448,80 DKK/oz. Current world market price is 15 387,30 DKK/oz

History

 

King Christian X depicted on the last version of the 10 kroner gold coin

Born in 1870 at Charlottenlund Palace near Copenhagen, Christian was the eldest son of King Frederik VIII and grandson to King Christian X. Following the death of his father in 1912, he ascended to the throne that same year as Christian X. Consequently, he was the third and last Danish king to be depicted on the 10 kroner gold coin.

King Christian X is probably the best remembered and one of the most beloved Danish monarchs of all time. He became a symbol of opposition to Hitler’s occupation, particularly because he often rode through the streets of Denmark’s capital without the protection of his guards. In contrast to his brother, King Haakon VII of Norway, who went into exile during the Nazi occupation of his country, Christian X remained firm in Denmark throughout this period. His symbolic resistance was seen by many Danes as an act of defiance and bravery, which perhaps understandably fostered mythical stories about him. One story tells that one day a German soldier asked a young boy why the king was riding through the city with no bodyguard. The boy reportedly replied, "All of Denmark is his bodyguard".

 The 10 kroner gold coins that carry the effigy of King Christian X were the most issued gold coins during Denmark’s membership of the Scandinavian Currency Union. 

10 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.  

 

10 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 10 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 10 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 10 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 10 kroner gold coins. From then until 1900, it minted 922,000 pieces that carried the effigy of King Christian IX. For the year 1908 and 1909, it issued an additional 461,000 pieces of this coin, albeit with the portrait of King Frederik VIII. The last 10 kroner gold coins that depicted King Christian X were released in 1913 and 1917 and totalled 444,000 pieces. However, coins that were minted in 1917 (132,000 pieces) 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 1.83 million pieces of the 10 kroner gold coin during Denmark’s membership of the Scandinavian Currency Union.

 

Product weight in grams
4.4803
Gold weight in grams
4.03227
Fineness
900
Gold weight in troy ounces
0.12964
Diameter
18
Thickness
-
Face value description
10 kroner
Manufacturer
Denmark

Obverse

The obverse portrays King Christian X. Around his effigy is the text “CHRISTIAN X KONGE AF DANMARK” which translates as “Christian X 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 “VBP”.

Reverse

The reverse depicts the coat of arms of Denmark. It is extremely rich in detail and contains different animals on a shield draped with an ermine cape and topped with a crown. The animals are a symbolic representation of individual regions of the kingdom. The coat of arms is half encircled by the year of mintage, the denomination “10 kroner”, and the privy mark of the mint, and the signature “VBP”.

Packaging

Each coin is individually packaged in a hard plastic capsule

Pickup in Tavex store

You can choose to pick up your order in our store in Copenhagen. As soon as we receive your payment, we will contact you via email and phone, and you can then collect your order.

Delivery via UPS

After receiving your payment, your order will be shipped as soon as possible (normal within 24 hours) and you will receive a tracking number from UPS. UPS’ delivery time is approx. 1-3 working days.

To ensure that our customers personally receive and sign for the shipped goods, orders are sent as a value package via UPS with delivery, where a signature is required. UPS attempts delivery three times. If you have not been home to receive the package after the 3 attempts, the package is returned to Tavex. You can track your package via your tracking number here.

In some cases, it is possible to order collection of your package at a UPS delivery point, this requires a special agreement with Tavex. Please note that the delivery location may ask for ID when collecting packages.

Please note that all orders (unless otherwise agreed with Tavex) are sent by home delivery, and that you must therefore be at home and sign for receipt – Contact us if you wish to have your package sent to a UPS pick-up point.

Insurance

Your package is sent as an insured value package with UPS and should your package unexpectedly disappear or be damaged during transport, Tavex will resend your order or refund your payment. The insurance is valid until you have acknowledged and received the package.

Packaging

Your order is packed in protected packaging and sent in a discreet unmarked envelope/package.

Tracking

As soon as your order is packed, your tracking number will be sent to your email. You can follow the location and status of your package via the UPS website.

Shipping costs

Tavex offers free shipping on purchases over DKK 8,500 (excl. VAT)

0 – 8.500 DKK excl. VAT 123,75 DKK
8.501 – 1.000.000 DKK excl. VAT Free delivery
1.000.000+ DKK excl. VAT Contact us

The above prices are valid for deliveries in Denmark (not including Greenland or the Faroe Islands). If you want delivery abroad, please contact us on +45 3311 1510 or tavex@tavex.dk.

Delays/goods not in stock

If your package is sent later than expected, a given product is not in stock or temporarily sold out, you will be contacted by phone or email and you will be informed of the expected delivery time of your order.

NOTE: When delivering with UPS and picking up in our store, you must present a valid photo ID (passport or driver’s license).

  • Free delivery over DKK 8,500
  • Large stock
  • Fast delivery
  • 100% insured delivery

Vast Stock Availability

Tavex has the majority of products always in stock and therefore can offer you quick delivery and same day pickup with market leading prices. Tavex is an official partner for all the biggest mints in the world, such as The Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., gold bar market leader PAMP Suisse and Valcambi and other gold factories and dealers.

Same day pickup

Feel free to visit our office during opening hours to take a free consultation or learn more about a specific product. If you purchase online you can pick-up the products at the same day we receive the payment.

Low prices

Over 25 years on the market and large volumes have enabled us to offer you the best prices on the market. With Tavex you can maximise your investment’s return because of low margins and spreads.

Item out of Stock

This item is out of stock and you can pre-order it now.

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