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200 Marka

Issuer Eesti Wabariigi (Republic of Estonia)
Year 1920
Type Standard circulation banknote
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Obverse lettering EESTI WABARIIGI 5% WÕLAKOHUSTUS
Tähtpäew 1 mai 1920.
Mk. 200.—
Selle ettenäitajale maksetakse 1 mai 1920 Eesti Wabariigi kassast
Kaksade marka.
EESTI AJUTISE WILITUSE NIMEL:
Päaminister
Rahaminister
Riigisekretär
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Protection type Guilloche underprint
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Estonia's first independent currency, the mark, was adopted after the country declared independence in 1918 and found itself holding a worthless supply of Tsarist rubles and German occupation Ostmarks. The 200 Marka denomination belongs to the earliest series issued by the fledgling republic, printed domestically under severe postwar resource constraints — which shows in the relatively simple security architecture of the series.

The guilloche underprint was the primary anti-counterfeiting measure, a thin defense by contemporary standards. Estonia would abandon the marka entirely in 1928, replacing it with the kroon at a rate of 100 marka to 1 kroon.

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