Depicts Royal Norwegian Order of Saint Olav, inscription "Kingdom of Norway" above.

⚒ (crossed hammers): mintmark of the Mint of Norway. There are two of the mintmark positions: from the left of the star of the Order (1997-2006) or between words KONGERIKET and NOREG (2007-..).

Mint officials’ initials (if any, from the right of the star of the Order):
• JJE (1994-2001, Jan Erik Johansen)
• MF (2002-2006, Magne Flagans)

The Royal Norwegian Order of Saint Olav is a Norwegian order of chivalry that was instituted by King Oscar I of Norway and Sweden on August 21, 1847, as a distinctly Norwegian order. It is named after King Olav II, known to posterity as St. Olav. Nobility was abolished in Norway in 1821. Just before the union with Sweden was dissolved in 1905, the Order of the Norwegian Lion was instituted in 1904 by King Oscar II, but it was not awarded by his successor Haakon VII. The Order of St. Olav thus became the kingdom's only order of chivalry for the next 80 years. The Grand Master of the order is the reigning monarch of Norway. It is awarded to individuals as a reward for remarkable accomplishments on behalf of the country and humanity. Since 1985, the order has only been conferred upon Norwegian citizens, though foreign heads of state and royalty are awarded the order as a matter of courtesy.

Center hole divides sprigs, value above and date below.

Engraver: Ingrid Austlid Rise (IAR)