The Denmark 20 Kroner is among the most visually appealing and highly sought after of the pre-1933 European gold coins. Issued from the 1500’s, kroner are Danish for crown a reference to its production at the king’s mint.
Slightly larger than British Sovereigns but far scarcer, they feature Frederick VIII, who ruled from 1908 until 1912. Directly related to most contemporary European monarchs by blood or marriage, Frederick belonged to the Holstein-Sonderburg-Glucksburg family, which claims to be the world’s oldest royal line, tracing itself back to Hardegon, the Norse chieftain who conquered the region in the 9th Century.
The gold 20 kroner coins became the fixed standard of value and primary monetary instrument in Denmark, Sweden and Norway under the Scandinavian Coin Union in 1875.
The Coin Union was instituted as a reaction to the recurring monetary crises caused by the undisciplined issuance of paper money. One such crisis led to the public burning of bank notes in 1728. Another in 1814 pushed the country toward an inflationary financial collapse and public rioting.
Denmark 20 kroner gold coin specification:
Minted 1908 – 1917
Country of origin: Denmark
Weight: 8.06 g
Actual Gold Content: .2592 troy ounces
Denmark 20 kroner Frederik VIII gold coins in Brilliant Uncirculated condition are exceptionally scarce, yet they’re trading today for little more than bullion, making them an outstanding value.
They offer all the benefits of gold bullion plus extra benefits like limited supply, collector demand, complete financial privacy, and extra premium potential because of scarcity.
Unlike most forms of gold bullion, they are excused from broker reporting requirements. In my opinion, they’re better than bullion for bulk gold buyers.