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20 Penni
| Issuer | Estonian Republic (Eesti Vabariik) |
|---|---|
| Year | 1919 |
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| In circulation to | 1 August 1927 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 20 PENNI KAKSKÜMMEND 20 PENNI |
| Reverse description | The reverse is printed in ochre-gold on a pale cream ground, covered overall with a geometric underprint of repeating small triangle motifs forming a fine lattice pattern. A plain rectangular panel at center carries the treasury inscription in three lines of bold capital lettering, with the denomination repeated at lower left and right. |
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| Comments |
Estonia's first independent currency issues in 1919 were produced under considerable practical pressure — the country had declared independence in February 1918, fought through German occupation, and was still engaged in the War of Independence against Soviet forces when these notes entered circulation. The 20 Penni belongs to the lowest tier of that first emission, denominations so small they functioned more like token currency than banknotes proper.
The series was printed in Tallinn under wartime constraints, and the penni denominations were withdrawn relatively quickly once the mark stabilized. Surviving examples in any condition are less common than their low face value might suggest.