What is Nordic gold used for?
Nordic gold is primarily utilized as an alloy for the production of coins.
Primary Application: Coinage Material
Nordic gold is a specialized metal alloy that has found its main application within the realm of currency minting. Despite its name, it contains no actual gold, yet it has been widely adopted due to its suitable properties for coin manufacturing.
Historical Context and Key Examples
The use of Nordic gold for coinage dates back some time, with a significant milestone in its development and adoption:
- Original Development: The alloy was specifically developed for the Swedish Mint.
- Debut in Swedish Currency: Its first notable use was for the new base metal 10 kronor coin, which was introduced by the Swedish Mint in 1991. This marked its official entry as a material for national currency.
This alloy continues to be a choice material for coins due to its specific characteristics, making it suitable for high-volume production and circulation.
