Estonia. Catalog

COMPLETE CATALOG OF ESTONIAN PAPER MONEY

VOLUME I: GENERAL ISSUES

by Juri Rudich & Ants Kulo

Cat Denomination Date Description G F XF

( all banknotes priced in USD )

Tallinna Arwekoja Maksutäht / Payment Notes of the Clearing House of Tallinn

First emission

A1 50 Ost.marka 1919-1922. Greenish. Check. Value written by hand.

With issued branch stamp. -RARE-

Second emission

A2 50 (Ost) Marka 1919. Blue.

a. Without issued branch stamp. 300.00 450.00 900.00

b. With issued branch stamp. 250.00 400.00 800.00

A3 100 (Ost) Marka 1919. Brown. With issued branch stamp. 450.00 850.00 1,200.00

Third emission

A4 5,000 (Ost) Marka 192_(1920-23). Greenish. -RARE-

A5 10,000 (Ost) Marka 192_(1920-23). Green & brown. -RARE-

A6 25,000 (Ost) Marka 192_(1920-23). Green & brown. -RARE-

Eesti Vabariigi 6%-line kassa-veksel / Promissory notes of the Treasury of the Republic of Estonia

1920 Series A Issue of 4,5% Interest

VG VF Unc

A7 1,000 Marka 1.7.1920. Lilac. 500.00 1 ,000.00 -----

A8 5,000 Marka 1.7.1920. Bluish gray. 850.00 1 ,500.00 -----

A9 10,000 Marka 1.7.1920. Blue. 1,000.00 2 ,500.00 -----

A10 25,000 Marka 1.7.1920. Pink. -RARE-

A11 100,000 Marka 1.7.1920. Yellow. -RARE-

1920 Series B Issue of 5% Interest

A12 1,000 Marka 1.9.1920 Lilac. 500.00 1 ,000.00 -----

A13 5,000 Marka 1.9.1920 Bluish gray. 850.00 1 ,500.00 -----

A14 10,000 Marka 1.9.1920 Blue. 1,000.00 2 ,500.00 -----

A15 25,000 Marka 1.9.1920 Pink. -RARE-

A16 100,000 Marka 1.9.1920 Yellow. -RARE-

1920 Series D Issue of 5,5% Interest

A17 1,000 Marka 1.12.1920. Lilac. 500.00 1,000.00 -----

A18 5,000 Marka 1.12.1920. Bluish gray. 850.00 1,500.00 -----

A19 10,000 Marka 1.12.1920. Blue. 1,000.00 2,500.00 -----

A20 25,000 Marka 1.12.1920. Pink. -RARE-

A22 100,000 Marka 1.12.1920. Yellow. -RARE-

1921 Series E Issue of 6% Interest

A23 1,000 Marka 1.2.1921. Black. 500.00 1,000.00 -----

A24 5,000 Marka 1.2.1921. Bluish gray. 850.00 1,500.00 -----

A25 10,000 Marka 1.2.1921. Blue. 1,000.00 2,500.00 -----

A26 25,000 Marka 1.2.1921. Pink. -RARE-

A27 100,000 Marka 1.2.1921. Yellow. -RARE-

* Each banknote above founding in specimen also. They are as right without difference in price and not

marked in list as single position.

Eesti Wabariigi 5% Wõlakohustus / Republic Debt Obligators of 5% interest

1919 Series A Issues

1 (1) 50 Marka 1.5.1919. Gray. Uniface. 60.00 180.00 -----

2 50 Marka 1.5.1919. Gray. Printed on both sides. 90.00 220.00 -----

3 (2) 100 Marka 1.5.1919. Gray. Uniface. 120.00 280.00 -----

4 100 Marka 1.5.1919. Gray. Printed on both sides. 100.00 250.00 -----

5 200 Marka 1.5.1919. Gray. Uniface. 150.00 500.00 -----

6 (3) 200 Marka 1.5.1919. Gray. Printed on both sides. 180.00 350.00 -----

7 (4) 500 Marka 1.5.1919. Gray. Uniface. 200.00 400.00 -----

8 (5) 500 Marka 1.5.1919. Gray. Printed on both sides. 250.00 500.00 -----

9 (6) 1,000 Marka 1.5.1919. Gray. Uniface. 500.00 1,000.00 -----

10 5,000 Marka 1.5.1919. Gray. Uniface. -RARE-

11 10,000 Marka 1.5.1919. Gray. Uniface. -RARE-

1919 Series B Issues

12 (7) 50 Marka 1.6.1919. Yellow-brown. Uniface. 60.00 180.00 -----

13 (8) 50 Marka 1.6.1919. Yellow-brown. Printed on both sides. 50.00 120.00 -----

14 (9) 100 Marka 1.6.T919. Yellow-brown. Uniface. 100.00 230.00 -----

15 100 Marka 1.6.1919. Yellow-brown. Printed on both sides. 85.00 200.00 -----

16 (10) 200 Marka 1.6.1919. Yellow. Uniface. 200.00 400.00 -----

17 (11) 200 Marka 1.6.1919. Yellow-brown. Printed on both sides. 250.00 500.00 -----

18 (12) 500 Marka 1.6.1919. Yellow-brown. Uniface. 350.00 700.00 -----

19 500 Marka 1.6.1919. Yellow-brown. Printed on both sides. -RARE-

20 (13) 1,000 Marka 1.6.1919. Yellow-brown. Uniface. 500.00 1,000.00 -----

21 1,000 Marka 1.6.1919. Yellow-brown. Printed on both sides. -RARE-

22 5,000 Marka 1.6.1919. Yellow-brown. Uniface. -RARE-

23 10,000 Marka 1.6.1919. Yellow-brown. Uniface. -RARE-

1919 Series D Issues

24 (14) 50 Marka 1.7.1919. Green. Uniface. 55.00 120.00 -----

25 50 Marka 1.7.1919. Green. Printed on both sides. 45.00 100.00 -----

26 (15) 100 Marka 1.7.1919. Green. Uniface. 120.00 250.00 -----

27 100 Marka 1.7.1919. Green. Printed on both sides. 90.00 200.00 -----

28 (16) 200 Marka 1.7.1919. Green. Uniface. 180.00 350.00 -----

29 (17) 200 Marka 1.7.1919. Green. Printed on both sides. 220.00 450.00 -----

30 (18) 500 Marka 1.7.1919. Green. Uniface. 275.00 550.00 -----

31 (19) 500 Marka 1.7.1919. Green. Printed on both sides. 325.00 650.00 -----

32 (20) 1,000 Marka 1.7.1919. Green. Uniface. 500.00 1,000.00 -----

33 1,000 Marka 1.7.1919. Green. Printed on both sides. -RARE-

34 5,000 Marka 1.7.1919. Green. Uniface. -RARE-

35 10,000 Marka 1.7.1919. Green. Uniface. -RARE-

1919 W/o Series First Issue

36 (21) 50 Marka 1.11.1919. Gray. 60.00 120.00 -----

37 (22) 100 Marka 1.11.1919. Yellow-brown. 90.00 180.00 -----

38 (23) 200 Marka 1.11.1919. Orange. 165.00 330.00 -----

39 (24) 500 Marka 1.11.1919. Green. 350.00 700.00 -----

1919 W/o Series Second Issue

40 (25) 50 Marka 1.12.1919. Gray. 50.00 100.00 -----

41 (26) 100 Marka 1.12.1919. Yellow-brown. 90.00 180.00 -----

42 (27) 200 Marka 1.12.1919. Orange. 225.00 450.00 -----

43 (28) 500 Marka 1.12.1919. Green. 500.00 1,000.00 -----

1920 W/o Series First Issue

44 (29) 50 Marka 1.1.1920. Gray. 45.00 90.00 -----

45 (30) 50 Marka 1.1.1920. Blue. 40.00 80.00 -----

46 (31) 100 Marka 1.1.1920. Gray. 90.00 180.00 -----

47 (32) 100 Marka 1.1.1920. Yellow-brown. 80.00 160.00 -----

48 (34) 500 Marka 1.1.1920. Gray. 325.00 650.00 -----

49 (35) 500 Marka 1.1.1920. Green. 260.00 520.00 -----

1920 W/o Series Second Issue

50 (37) 100 Marka 1.5.1920. Gray. 80.00 160.00 -----

51 (38) 200 Marka 1.5.1920. Gray. 130.00 250.00 -----

52 200 Marka 1.5.1920. Orange. 165.00 300.00 -----

Numbers 33 & 36 by SCWPM Bank of Estonia declared, but not printed.

Eesti Vabariigi Kassatäht / Republic of Estonia Treasury Note

VG VF Unc

53 (39) 5 Penni ND (1919). Green.

a. Issued note. 1.00 2.00 5.00

s. Specimen. 30.00 60.00 150.00

54 (40) 10 Penni ND(1919).

a. Gray. Printing: Bergmann, Tartu. 5.00 10.00 25.00

b. Brown. Printing: Riigi TrÜkikoda, Tallinn. 1.00 2.00 5.00

s. Specimen. 30.00 60.00 150.00

55 (41) 20 Penni ND (1919). Yellow.

a. Issued note. 1.00 2.50 6.50

s. Specimen. 15.00 35.00 50.00

56 (42) 50 Penni 1919.Blue.

a. Issued note. 1.50 4.00 12.50

b. Proof. Black ovpt. on white paper. ---- 150.00 250.00

s. Specimen. 35.00 70.00 150.00

57 (43) 1 Marka 1919. Brown-Yellowish.

a. Issued note. 1.50 4.00 12.50

b. Proof. Black ovpt. on white paper. ---- 100.00 150.00

c. Proof. Green ovpt. on yellowship paper. ---- 100.00 150.00

s. Specimen. 35.00 70.00 150.00

58 (44) 3 Marka 1919. Green.

a. Issued note. 3.00 7.00 20.00

s. Specimen. 35.00 70.00 150.00

59 (45) 5 Marka 1919. Blue. Thin or thick paper

a. Issued note. 3.50 7.50 30.00

s. Specimen. 15.00 35.00 50.00

60 (46) 10 Marka 1919.Brown

a. KÜMME MARKA with blue border. 5.00 15.00 35.00

Wmk : Light horizontal lines.

b. KÜMME MARKA with blue border. 5.00 15.00 35.00

Wmk : Light vertical lines.

c. KÜMME MARKA w/o border. 5.00 15.00 35.00

Wmk : Light horizontal lines.

d. KÜMME MARKA w/o border. 5.00 15.00 35.00

Wmk.: Light vertical lines

s. Specimen. 20.00 40.00 70.00

61 (47) 25 Marka 1919. Blackish purple and brown.

a. Wmk.: Horizontal wavy lines. 8.00 25.00 50.00

b. Wmk.: Vertical wavy lines. 8.00 25.00 50.00

s. Specimen. 20.00 40.00 75.00

62 (48) 100 Marka 1919. Brown.

a. W/o serial # prefix letters. Wmk.:

Horizontal or vertical wavy lines. 15.00 40.00 90.00

b. SEERIA II. 15.00 40.00 90.00

c. SEERIA III. 15.00 40.00 90.00

s. Specimen. 25.00 50.00 100.00

63 (49) 500 Marka ND (1920-21). Bluish-green and violet

a. W/o serial # prefix letters. (1920). Wmk.: 500. 25.00 75.00 200.00

b. SEERIA II. (1920). 25.00 75.00 200.00

c. SEERIA III (1920). 20.00 65.00 175.00

d. SEERIA A. (1920).Wmk.: EV. 20.00 60.00 150.00

e. SEERIA B. (1920). 15.00 50.00 125.00

f. SEERIA D. (1921). 15.00 50.00 125.00

s. Specimen. 40.00 80.00 150.00

64 (50) 1,000 Marka ND (1921). Green and brown. Wmk.: EV.

a. W/o serial # prefix letters. (1920). 150.00 400.00 900.00

b. SEERIA A. (1921). 150.00 400.00 900.00

c. SEERIA B. (1921). 150.00 400.00 900.00

s. Specimen. 100.00 350.00 700.00

1923 Issue

65 (51) 100 Marka 1923. Green and brown. Wmk..: EV. 20.00 60.00 150.00

a. W/o series. 20.00 60.00 150.00

b. SEERIA(series) A. (1927). 20.00 60.00 150.00

s. Specimen. 40.00 80.00 150.00

66 (52) 500 Marka 1923. Grayish-blue and brown. Wmk.: Rhombic patterns.

a. Issued note. 85.00 200.00 500.00

s. Specimen. 85.00 200.00 500.00

Eesti Vabariigi Vahetustäht / Republic of Estonia Exchange Note. 1922 Issue

VG VF Unc

67 (53) 10 Marka 1922. Pink and brown.

a. W/o serial # prefix letters. Wmk.: EV. 5.00 12.00 35.00

b. Series A. Wmk.: Squares. (1924). 8.00 15.00 40.00

s. Specimen. 20.00 40.00 90.00

68 (54) 25 Marka 1922. Olive brown and green.

a. W/o serial # prefix letters. Wmk.: Horizontal wavy lines. 15.00 35.00 90.00

b. Series A. Different sign. (1926). 30.00 60.00 150.00

c. Series A. Wmk.: Vertical wavy lines. (1926). 10.00 25.00 75.00

s. Specimen. 25.00 50.00 100.00

Eesti Pangatäht / Estonian Banknote. 1919 - 1921 Issues

69 (55) 50 Marka 1919. Green. Wmk. Horizontal or vertical light lines.

a. Issued note. 25.00 50.00 100.00

s. Specimen. 40.00 85.00 150.00

70 (56) 100 Marka 1921.Brown. Wmk: Horizontal or vertical light lines.

a. Issued note. 30.00 80.00 150.00

s. Specimen. 50.00 100.00 185.00

71 (57) 500 Marka 1921. Green. Wmk: EV.

a. Issued note. 200.00 500.00 -----

s. Specimen. 200.00 400.00 1,000.00

1922 - 1923 Issues

72 (58) 100 Marka 1922 Brown and green. Wmk: Light and dark keys.

a. Serial letter A. 70.00 180.00 350.00

b. Serial letter B. 70.00 180.00 350.00

c. Serial letter D. 70.00 180.00 350.00

d. Serial letter E. 70.00 180.00 350.00

s. Specimen. 70.00 150.00 300.00

73 (59) 1,000 Marka 1922. Red and gray. Wmk: Light and dark keys.

a. W/o serial letter. 100.00 300.00 600.00

b. Serial letter A in black. 100.00 300.00 600.00

c. Serial letter B in red. 150.00 400.00 750.00

d. Serial letter B in black. 150.00 400.00 750.00

e. Serial letter D in blue. 100.00 300.00 600.00

f. Serial letter Aa 1927. 100.00 250.00 500.00

s. Specimen. 100.00 250.00 450.00

74 (60) 5,000 Marka 1923. Blue, brown and green. Wmk: 5000, EV

a. Issued note. 1,500.00 2,500.00 -----

s. Specimen. 1,000.00 1,500.00 2,000.00

Eesti Vabariigi Kassatäht (resumed). 1928 Provisional Issue

75 (61) 1 Kroon on 100 Marka ND.(1928-old date 1923). Red ovpt. "üks kroon" on #65. 15.00 45.00 150.00

s. Specimen. 25.00 50.00 150.00

Eesti Pank / Bank of Estonia. 1928 - 35 Issue

VG VF Unc

76 (62) 5 Krooni 1929. Reddish brown. Wmk.: "5" between wavy lines.

a. Issued note. 5.00 12.50 35.00

s. Specimen. 15.00 25.00 45.00

77 (63) 10 Krooni 1928. Blue and reddish brown. Wmk.: number "10"

between wavy lines.

a. Issued note. 3.50 10.00 30.00

s. Specimen. 15.00 25.00 45.00

78 (64) 20 Krooni 1932. Green and brown. Wink. "20" between zigzag lines

a. Issued note. 3.00 7.50 20.00

s. Specimen. 10.00 20.00 35.00

79 (65) 50 Krooni 1929. Brown. Wmk «Festi pank» and "L"

a. Issued note. 6.50 15.00 40.00

s. Specimen. 15.00 40.00 70.00

80 (66) 100 Krooni 1935. Blue. Wmk. "100" surrounded by oak leaves and acorns.

a. Issued note. 10.00 30.00 75.00

s. Specimen. 15.00 35.00 50.00

1937 Issue

81 (67) 10 Krooni 1937. Blue and reddish brown. Series A

a. Issued note. 3.00 7.00 25.00

s. Specimen. 10.00 20.00 35.00

1940 Issue

82 (68) 10 Krooni 1940. Blue and reddish brown. Series B

a. Not issued. Finished printing. ---- 175.00 350.00

b. Not issued. Not finished printing. Back side printed only.

Printed in full colors. Wide or narrow margins. ---- 50.00 125.00

c. Not issued. Not finished printing. Back side printed only.

Printed in two colors only. Wide or narrow margins. ---- 65.00 150.00

s. Specimen. ---- 200.00 500.00

* Many notes above have few variants of specimens, but market only as one position.

1991-92 Issue

83 (69) 1 Kroon 1992. Brownish black on yellow-orange & dull violet-brown unpt.

a. Issued note. FV FV 0.50

s. Specimen. --- --- 45.00

84 (70) 2 Krooni 1992. Black on lt. blue-violet and grayish green unpt.

a. Issued note. FV FV 0.75

s. Specimen. --- --- 45.00

85 (71) 5 Krooni 1991(92), 1992 (94). Black and tan on rn/c unpt.

a. 1991. FV FV 1.75

b. 1992. FV FV 1.50

s. Specimen. --- --- 60.00

86 (72) 10 Krooni 1991(92), 1992 (94). Purple and red-violet on rn/c unpt.

a. 1991. FV FV 3.00

b. 1992. FV FV 2.00

s. Specimen. --- --- 60.00

87 (73) 25 Krooni 1991(92), 1992 (94). Deep olive-green on rn/c unpt.

a. 1991. FV FV 6.50

b. 1992. FV FV 4.50

s. Specimen. --- --- 70.00

88 (74) l00 Krooni 1991 (92), 1992(94). Black and deep blue on lt. blue

and n/c unpt.

a. 1991. FV FV 22.50

b. 1992. FV FV 30.50

s. Specimen. --- --- 85.00

89 (75) 500 Krooni 1991(93). Blue black and purple on rn/c unpt.

a. Issued note. FV FV 80.00

s. Specimen. --- --- 200.00

1994 Issue

90 (76) 5 Krooni 1994(97). Like #85, but w/modified design.

a. Issued note. FV FV 1.25

s. Specimen. --- --- 60.00

91 (77) 10 Krooni 1994(97). Like #86, but w/modified design.

a. Issued note. FV FV 2.00

s. Specimen. --- --- 60.00

92 (78) 50 Krooni 1994(95). Green and black on m/c unpt.

a. Issued note. FV FV 10.00

s. Specimen. --- --- 80.00

93 (79) 100 Krooni 1994(95). Like #88, but w/gray seal.

a. Issued note. FV FV 18.50

s. Specimen. --- --- 85.00

94 (80) 500 Krooni 1994(95). Like #89, but w/dk.gray bank seal.

a. Issued note. FV FV 75.00

s. Specimen. --- --- 200.00

1996 Issue

95 (81) 500 Krooni 1996(97). Like #94, but w/hologram instead seal.

a. Issued note. FV FV 75.00

s. Specimen. --- --- 200.00

1999 Issue

96 (82) 100 Krooni 1999. Like #93, but w/modern design and 19 steps of security..

a. Issued note. FV FV 18.50

s. Specimen. --- --- 85.00

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