Christian V taler with edge inscription
Olav V, five-krone anniversary medal from 1986
1623, silver ore was found in Sandsvær. The next year the mining
town of Kongsberg was founded and the silver mine built. Initially, the
silver was sent to Copenhagen for minting. In 1628, however, a coin workshop
was established west of the old fire-gutted Oslo,
in Christiania. Not until 1686 was the Royal Norwegian Mint established
at Kongsberg. Since then, for more than 300 years, the Royal Norwegian
Mint has been in the same place, below the southwestern abutment of the
bridge over the rapids at the centre of Kongsberg (Nybrofossen).
Today the Royal Norwegian Mint is a modern production company, producing millions of coins annually for circulation, issues for collectors, honorary medals and other medals.
A fine series of species taler from the 1690s carry edge inscriptions referring to the wealth of silver in the Sandsvær region:
Hidden in the hills, mined by our men,