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| Issuer | Eesti Vabariik (Republic of Estonia) |
|---|---|
| Year | 1921 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Eesti Vabariigi 6%-line kassa-veksel MARKA 10.000 MARKA kümmetuhat marka 1920 aasta väljaanne. Tähtpäev 1. veebruar 1921. Seeria E № Mt. 10.000.— Tähtpäev 1. veebruar 1921 Väljandmise kuupäev Riigikassa Juhataja Raamatupidaja Riigikassa Arvestuskassa Juhataja PROOV |
| Reverse description | The reverse is intentionally left plain and unprinted, with only the faint blind embossed impression of the 'PROOV' (Proof) overprint visible through the paper from the obverse side, consistent with a single-sided trial or proof printing on plain white stock. |
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| Comments |
The "S" suffix on Pick 38 denotes a specimen — this is not a circulated issue but a reference example, almost certainly from the American Bank Note Company archives or distributed to other central banks for identification purposes. Estonia's marka series of the early 1920s was issued during an acute period of monetary instability following independence, with the marka depreciating sharply against the Swedish krona and British pound before the kroon reform of 1928 effectively retired the currency altogether.
Specimens from this series surface rarely outside major auction houses, typically with the characteristic ABNCo punch cancellations.