The word "eyrir" means "one cent". It was valued at 1/100 of an Icelandic krona.
The bronze coins were minted by Iceland before the drop of the currency's value made all aurar (cents) coins virtually worthless. The Iceland krona (100 aurar, 100 of the eyrir) is currently valued at about 1 US cent, more precisely 1/128 of a US dollar.
I own a spoon which has a coin at the end of the handle: Island 1 eyrir dated 1953; it also has a coin shaped for the bowl of the spoon: 1946 Island 5 aurar.
About $1 to the right buyer.
eyrir
"Island" is the Icelandic name for "Iceland". "Aurar" is the plural of "eyrir", which is 1/100 of a Krona (plural - "kronur"), the currency unit in Iceland.
Aurar is the plural of eyrir, an Icelandic monetary unit worth one hundredth of a krona. Icelandic for Iceland is Island. So a coin that says 'Island 20 aurar' is an Icelandic fifth of a krona.
There were 4 million of these bronze Iceland 1 eyrir coins minted that year and it may be worth .10 to about .50 depending on amount of wear and collector demand. You might also try a library for a copy of the Standard Catalog of World Coins for pictures, values and lots more interesting info. Brad
The Icelandic Crown ( Íslensk Króna | ISK ) our own currency. There is much debate whether we should change into a stronger currency managed by someone else (Euro, Norwegian Crown, US dollars).
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Beehive Island, Bighorn Island Black Island, Black Ridge Island, Channel Island, Crescent Island, Deadmans Island, Decision Island, Fish Island, Gunsight Island, Heron Island, Houseboat Island, Hualapai Island, Little Boulder Island, Middle Boulder Island, Middle Islands, Plane Crash Island, Pool Island, Pyramid Island, Ramshead Island, Rock Island, Saddle Island, and Sand Island are the major named islands in Lake Mead, Nevada.
Candy island Family island Shopping Mall island Fruit island Rainbow island Sports island Mystery island Holiday island Season island (Winter, spring, fall, summer) Nature island/Flower island Technology island Fred Meyer island Underwater island Etc...
* Lizard Island * Brampton Island * Hamilton Island * Green Island * Lady Musgrave Island * Fraser Island * Moreton Island * North Stradbroke island * South Stradbroke Island * Coochiemudlo Island * Russell Island * Macleay Island * Karragarra Island * Lamb Island
Spy Island is island #6. After Spy Island is Nabooti Island #7