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100 Marka
| Issuer | Eesti Pank (Bank of Estonia) |
|---|---|
| Year | 1922 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 145 x 90 mm |
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|---|---|
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| Reverse description | Olive and brown note centred on a circular vignette of a full-rigged sailing ship at sea, rendered in fine intaglio engraving. The central medallion is surrounded by elaborate baroque scrollwork and acanthus-leaf ornaments, with two oval cartouches to left and right carrying the statutory text in Estonian. The denomination 100 appears at top left, top right, and bottom centre within the decorative border, and EESTI PANGATÄHT is lettered across the top. |
| Reverse lettering | 100 EESTI PANGATÄHT 100 EESTI PANGAL ON EESTI VABARIIGIS PANGATÄHTEDE VÄLJAANDMISEKS AINUÕIGUS SADA MARKA SADA MARKA PANGATÄHT ON TÄIELIKULT KINDLUSTATUD PANGA VARANDUSTEGA JA PANGALE PANDIKS ANTUD VÄÄRTUSTEGA (Translation: Estonian banknote The Bank of Estonia has the sole right to issue banknotes in the Republic of Estonia. Hundred Marka The banknotes are fully assured by the bank's assets and the valuables given to the bank as collateral.) |
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| Comments |
Estonia's currency system in the early 1920s was built almost entirely on American printing contracts. Eesti Pank turned to the American Bank Note Company for much of its foundational issue series, a practical decision for a state that had only formally declared independence in 1918 and lacked domestic printing infrastructure capable of producing secure banknotes at scale.
The 100 Marka was issued during a period of significant inflationary pressure common across the Baltic region in the aftermath of the First World War and the subsequent wars of independence. The Mark itself had a short lifespan — Estonia replaced it with the Kroon in 1928 at a rate of 100 Marka to 1 Kroon, rendering the entire series obsolete within a decade of issue.