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Danish 10 kroner Christian X Gold Coin

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Tavex is pleased to offer the 10 kroner Christian X gold coin, part of Denmark’s most treasured ... read more
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548,00 BGN
The photos are used for illustration purposes only and may not be an exact representation of the product.


Tavex is pleased to offer the 10 kroner Christian X gold coin, part of Denmark’s most treasured gold coin series. Danish 10 kroner were first struck in 1873 following the establishment of what would become the world’s most successful gold-backed monetary agreement, the Scandinavian Currency Union. The 10 kroner are of great historical importance as they were the foundation of this union that ushered in four decades of prosperity, stability and peace – an epoch embodied in these durable 21.6 karat gold coins. Masterfully crafted by the Royal Danish Mint, the 10 kroner Christian X gold coin is decorated with the rich coat of arms of Denmark and gilded with an effigy of the king himself. It can therefore been seen that the 10 kroner gold coins are priceless heirlooms of Denmark’s history, making perfect gifts or collector’s items.

Why Buy

  • 10 kroner form part of Denmark’s most famous gold coinage. Danish gold kroner issued from 1873 to 1914 are associated with a period in Denmark’s history marked by peace, a rise in general prosperity and, most importantly, four decades of stable prices. It is no wonder that 10 kroner are among most sought-after gold coins in Denmark.
  • 10 kroner are perfect for coin collections. These coins were at the heart of the Scandinavian Currency Union, an almost perfect monetary system of the time, which makes them a great pick for historical coin collections.
  • 10 kroner are wonderful gifts. This coin comes in an affordable weight and is embellished with the rich coat of arms of the country, a perfect gift for those who hold Denmark in high esteem
  • 10 kroner gold coins are money. They are exempt from Value Added Tax, and as such are exchangeable throughout Europe by bullion dealers and investors alike.
  • 10 kroner are the equivalent of savings. Danish 10 gold kroner are an ideal choice for any long-term saver who appreciates the security and stability of owning physical gold coins.
  • 10 kroner gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes sovereign gold coins serve as a portfolio hedge against market risk. 

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  • Product value (1pc)
    732,00 BGN
  • Buyback price
    548,00 BGN
  • Your risk now
    184,00 BGN

Fact: gold price in BGN has risen 127.04% in the last 10 years. The lowest price was 1774,89 BGN/oz and the highest 4471,41 BGN/oz. Current world market price is 4326,68 BGN/oz



King Christian X depicted on the last version of the 10 kroner gold coin

Born in 1870 at Charlottenlund Palace near Copenhagen, Christian was the eldest son of King Frederik VIII and grandson to King Christian X. Following the death of his father in 1912, he ascended to the throne that same year as Christian X. Consequently, he was the third and last Danish king to be depicted on the 10 kroner gold coin.

King Christian X is probably the best remembered and one of the most beloved Danish monarchs of all time. He became a symbol of opposition to Hitler’s occupation, particularly because he often rode through the streets of Denmark’s capital without the protection of his guards. In contrast to his brother, King Haakon VII of Norway, who went into exile during the Nazi occupation of his country, Christian X remained firm in Denmark throughout this period. His symbolic resistance was seen by many Danes as an act of defiance and bravery, which perhaps understandably fostered mythical stories about him. One story tells that one day a German soldier asked a young boy why the king was riding through the city with no bodyguard. The boy reportedly replied, "All of Denmark is his bodyguard".

 The 10 kroner gold coins that carry the effigy of King Christian X were the most issued gold coins during Denmark’s membership of the Scandinavian Currency Union. 

10 kroner gold coins – the Scandinavian gold standard 

Whilst it is maybe impossible to create a flawless monetary system, the Scandinavian Currency Union (SCU) formed by Denmark and Sweden in 1873 and which Norway joined later in 1875 was probably the closest to perfect monetary harmony that had ever been conceived between different countries.   

Leading up to 1873, fundamental changes were occurring in global finance; silver, which for centuries had been the main currency for global trade, was gradually losing its hegemony as money to gold. The Latin Monetary Union that was based upon gold was established in 1865 between several European countries. Germany, which was a major trading partner of the Nordic countries, switched to the gold standard in 1871 with the introduction of the gold mark, and England, which was also important to Denmark and Norway in terms of trade, had adopted the gold standard in the early 1800s with the gold sovereign. Even the United States was on a pseudo gold standard from early 1834. The reason gold became the currency of choice was because of the yellow metal’s higher value-to-weight ratio, which meant that the cost of shipping and handling gold was less than that of silver. As countries began to exchange their monetary reserves by selling silver and buying gold, it naturally meant that silver in relation to gold was becoming less valuable. 

It was against this backdrop that the three Nordic countries, whose monetary system was based on silver, began to contemplate switching to a gold standard. In addition, the fact that the three Scandinavian countries had a different system of counting, coupled with the different size and metal constitution of their silver coinage, complicated matters further. For example, Sweden used the silver riksdaler that was based on the decimal system, while Denmark with the rigsdaler and Norway with the speciedaler based their systems on fractions. These differences caused additional exchange costs and were a burden for merchants given the significant regional trade that was conducted between these three countries. 

Consequently, in 1873, Denmark and Sweden decided to create the first Scandinavian currency union based on the gold standard. The new system stipulated that the “krone” in Danish and “krona” in Swedish (crown in English) was to become the new unit of account, with it being divisible into 100 öre. The denominations of 20 and 10 kroner were made of gold, with 1 kg of gold being equal to 2,480 kroner. In other words, 1 gold krone was set to equal 0.403 grams of gold. In conjunction with krone gold coins, silver kroner and, later, bank notes were introduced in the three countries. All Scandinavian kroner were deemed legal tender and were freely interchangeable at par at either of the central banks that were part of the SCU. An important aspect of this system was that whoever held silver kroner or bank notes was entitled to have them exchanged for gold at the central bank.  

Even though the SCU system was standardised and the money in circulation was set to have uniformity of value, it was still decentralised. This meant that no central bank in the union controlled the flow of gold. For example, if Norway had a trade deficit with a country outside the union (the value of its imports was higher than the value of its exports), it then meant that to bridge this difference the country had to pay in gold. Thus, gold would flow out of Norway. It is here that the remarkable beauty of the self-adjustment mechanism of the gold standard came into play. With gold flowing out of Norway, the country’s money supply (gold) would shrink, leading to deflation, i.e. lower prices. With Norway now having lower prices of its goods (in terms of gold), other countries would then be more interested in acquiring Norwegian goods, thus gold would flow back into the country, re-asserting the balance between the country’s output and its money supply.    

This system worked so well that the three central banks did not even intervene in the financial markets (in contrast to today) for almost four decades, and besides proving to be extremely efficient and easy to maintain, it also helped to foster trade, and thus prosperity.  


10 kroner gold coins fostered Denmark’s prosperity 

The SCU was of great benefit to all its members. Financial costs were lower as the new standard and uniform currency proved to be less complicated than the former system. Exchange rates between these three countries were stable, which directly benefited merchants and the public at the expense of the speculator and, most importantly, inflation during the time of the SCU was almost non-existent. In fact, from 1873 to 1914, the average annual inflation rate was 0.1%, whilst real disposable income during the same timeframe increased by almost 100%!  

This system provided the country with 40 years of stability, prosperity and peace. The 10 kroner gold coins were at the forefront of this period that saw Denmark transform itself into a modern industrial nation. The country’s growth of real wages during the gold standard was among the highest in the world. Its agricultural sector boomed, constituting over half of the county’s total exports by 1914. Foreign trade expanded enormously, Denmark became a net importer of capital – partially attributed to the stable monetary system – mortality rates dropped considerably, and major social reforms were undertaken. Considering all the above, this was a golden era in Denmark’s history, an era embodied in the 10 kroner gold coins.  

However, golden eras tend not to last forever. With WWI raging, Sweden’s central bank thought it would be prudent to temporarily suspend the free movement of gold and the convertibility of paper kroner into gold kroner. Norway and Denmark’s central banks followed suit. The prerequisite for the functioning of this system was shutdown. It is not clear if this decision was an over-reaction on the part of the central bankers, who probably sought to safeguard the nations’ gold as the effects and outcomes of the war were unknown. However, their decision was the first nail, in a series of many, that would lead to the Union’s break up in 1924. 



The 10 kroner gold coin was produced by the Danish Royal Mint

With the specification for the gold standard made into law in 1873, the Royal Danish Mint began to issue 10 kroner gold coins. From then until 1900, it minted 922,000 pieces that carried the effigy of King Christian IX. For the year 1908 and 1909, it issued an additional 461,000 pieces of this coin, albeit with the portrait of King Frederik VIII. The last 10 kroner gold coins that depicted King Christian X were released in 1913 and 1917 and totalled 444,000 pieces. However, coins that were minted in 1917 (132,000 pieces) were never available to the public due to the decision of the Danish Central Bank to suspend the conversion of bank notes into gold coins in 1914. This batch of coins was stored in the vaults of the central bank, and is today considered part of its gold reserves. In total, the mint struck approximately 1.83 million pieces of the 10 kroner gold coin during Denmark’s membership of the Scandinavian Currency Union.


Product weight in grams
Gold weight in grams
Gold weight in troy ounces
Diameter (mm)
Thickness (mm)
Face value description
10 kroner


The obverse portrays King Christian X. Around his effigy is the text “CHRISTIAN X KONGE AF DANMARK” which translates as “Christian X King of Denmark”. Under the king’s neckline is a small heart, which is the mark of the Royal Danish Mint, the year of mintage, and the signature of the master engraver “VBP”.


The reverse depicts the coat of arms of Denmark. It is extremely rich in detail and contains different animals on a shield draped with an ermine cape and topped with a crown. The animals are a symbolic representation of individual regions of the kingdom. The coat of arms is half encircled by the year of mintage, the denomination “10 kroner”, and the privy mark of the mint, and the signature “VBP”.


Each coin is individually packaged in a hard plastic capsule

Supported delivery methods

When placing an order through our online shop, you can choose one of the following options:

  • delivery to address by Econt
  • delivery to Econt office
  • delivery by a secure (incasso) vehicle
  • pick them up from a Tavex office

Delivery by Econt might take from 1 to 3 working days, and delivery by a secure vehicle – from 3 to 5 working days. Delivery times depend on when you placed the order and the payment for it, when paying by bank transfer.

Delivery by a secure (incasso) vehicle is carried out to an office of SOT 161, the exact address is subject to an additional agreement.

Orders placed before 3:00 p.m. are processed and delivered to the courier on the same working day, and those placed after this time – on the next working day.

In the case of payment by bank transfer, orders are processed after confirmation of your payment by 3:00 p.m.

You are welcome to come and pick-up your products from the office you chose during checkout at the same day after we have received your payment.

In all instances, you need to present a valid ID to collect the products. Take into consideration that the client, the payer and the recipient must be the same person.


The package is fully insured, and in the extremely unlikely case that the package is lost or damaged, we will re-ship the items or refund your money.


The products are encased in protective wrapping and placed in a discreet, unbranded padded package.


If a delivery delay occurs or if the ordered product is out of stock, we will always contact you by email or phone to give you details about the delivery.

Shipping prices

Prices of “Delivery to address”, and “Delivery to Econt office” are based on the total cart price. You can see detailed price information during checkout before you submit the order.

“Delivery by a secure (incasso) vehicle” to an office of SOT 161 within Bulgaria costs 60 lv. and for orders over 9 700 lv. it is free.

Safe delivery

Each shipment is discreetly packed and fully insured , so you can order products online without fear.

High stock availability

Most Tavex products are always in stock and therefore Tavex can deliver quickly and pick up on the same day at top prices on the market. Tavex is the official partner of the world’s largest mints, such as Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., PAMP Suisse and Valcambi refineries – market leaders in gold bullion production – but also of many other gold refineries and dealers.

Low prices

Thanks to over 25 years of experience and large transaction volumes, Tavex can offer you the best prices on the market. At the same time, you can maximize your return on investment due to the low margins and spreads operated by Tavex.

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