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25.000 Marka

Issuer Eesti Vabariik (Republic of Estonia)
Year 1921
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Value 25.000 Marka
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Obverse description Plain white document-style note with a stub attached at left. The text is typeset in black letterpress, with the denomination stated both numerically as 'Marka 25.000' and in full words as 'kakskümmendviistuhat marka'. The note carries the title 'Eesti Vabariigi 6%-line kassa-veksel', a due date of 1. veebruar 1921, and bears three manuscript signatures below the main text, with a circular 'EV' stamp overprint in red and a large red 'R' trial cancellation mark.
Obverse lettering Seeria E No
Eesti Vabariigi 6%-line kassa-veksel
MARKA 25.000 MARKA
kakskümmendviistuhat marka
1920 aasta väljaanne. Tähtpäev 1. veebruar 1921.
Mk. 25.000.—
Tähtpäev 1. veebruar 1921.
Väljaandmise kuupäev
Riigikassa juhataja
Rahaminister
Riigikassa Arvestuse juhataja
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Comments

The "T" suffix in the Pick reference denotes a trial piece — this is not a circulated note but a proof or specimen produced during the development of the series. Estonia's mark-denominated issues of the early 1920s were printed domestically at a time when the young republic was still building its own production infrastructure, having only recently escaped both German occupation and the Soviet westward push during the 1918–1920 War of Independence.

The 25,000 marka denomination reflects the inflationary pressures that ultimately killed the marka altogether — it was replaced by the kroon in 1928 at a rate of 100 marka to 1 kroon.