Estonia's interwar bronze coinage was produced in Tallinn at the newly established state mint, which had only become fully operational in the late 1920s. The 1931 date falls during a period of relative monetary stability for Estonia, which had anchored the kroon to gold in 1928 at a rate designed to inspire confidence after the earlier mark's collapse. These small bronzes saw hard daily use and typically survive in worn condition; problem-free mid-grade examples are harder to locate than their mintage figures suggest.
Estonia's interwar bronze coinage was produced in Tallinn at the newly established state mint, which had only become fully operational in the late 1920s. The 1931 date falls during a period of relative monetary stability for Estonia, which had anchored the kroon to gold in 1928 at a rate designed to inspire confidence after the earlier mark's collapse. These small bronzes saw hard daily use and typically survive in worn condition; problem-free mid-grade examples are harder to locate than their mintage figures suggest.