The Riksbank is responsible for providing Sweden with coins via the banks. The banks, or their agents, then distribute the coins to the retail trade and the general public.
The Riksbank does not have any cashier’s office for the general public to redeem coins.
Coins that are no longer legal tender cannot be redeemed by the banks or the Riksbank. The coins can be regarded as scrap metal and can therefore be left for metal recycling.
The Riksbank does not conduct any numismatic activities. If you have any questions regarding the potential value to a collector, we suggest you contact a coin dealer or take a look at numismatic literature.
If you have a commemorative coin that you no longer want to keep, you can contact a bank to redeem them.
The design of the coin
The General Council of the Riksbank decides on the design and appearance of the coins issued by the Riksbank.
The reverse of the coin (the denomination side) carries two small letters.
The letter on the left is :
- E for Eskilstuna where the mint is located.
For coins minted up to the end of 2007
- S for Stockholm where the Riksbank is located.
For coins minted from 2008 onwards
The letter on the right has a number of meanings depending on when the coin was struck:
- coins minted prior to 1987 carry the first letter of the mint manager’s surname
- coins minted between 1987 and 2005 carry the first letter of the Riksbank Governor’s surname
- coins minted as of 2006 carry the first letter of the Riksbank Governor’s first name and surname