Öre

Öre (Swedish pronunciation: [ˈœ̂ːrɛ]) is the centesimal subdivision of the Swedish krona. In the Swedish language, the plural of öre is either öre or ören.

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.

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 This öre was withdrawn in 1776, but returned in 1855 as 1/100 of the riksdaler.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The last öre coin was withdrawn in 2010, but the centesimal subdivision is still used in non-cash contexts such as bank balances and cashless transactions, while bills to be paid in cash are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 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
			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

5 öre

• 
  5 öre 1879
• 
  5 öre 1882
• 
  5 öre 1920
• 
  5 öre 1964

10 öre

• 
  10 öre 1973

25 öre

• 
  25 öre 1930

50 öre

Fifty öre

Sweden
Value	0.5 SEK
Mass	3.7 g
Diameter	18.75 mm
Thickness	1.80 mm
Edge	Plain
Composition	97% copper, 2.5% zinc and 0.5% tin
Years of minting	1992–2009
Obverse
Reverse

From October 1992 to September 2010, the only coin in use in Sweden with a value below one 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.

• 
  50 öre 1898

See also

Other coin with names deriving from the gold of which they were once made:

• Øre
• Guilder
• Polish złoty#First złoty

References

1. "Ordet öre kommer av latinets Aereus/aurum". Sveriges Riksbank. Retrieved 22 January 2012.
2. https://www.riksbank.se/en-gb/payments--cash/notes--coins/coins/invalid-coins/
3. "Riksbank urges Sweden to ditch 50 öre coin". The Local. 18 December 2008.
4. "50-öringens öde avgörs i dag" (in Swedish). Dagens Nyheter. 25 March 2009.