December, 1999

April - June, 2001

PAPER MONEY OF THE BALTIC STATES: ESTONIA

No. Cat.# Date Denomination Description Condition Price US$

ESTONIA

General Issues

1.Payment Notes of the Clearing House of Tallinn. Second emission.

1.1 A2b 1919 50 (OST) MARKA. Blue. Serie B. VG 239.00

(With blue branch stamp: Revaler Bank-Cemptoir G.Schsel a Co. in German

language. W/5 signatures: 2 in dk.blue + 3 in black. Catalog - US$300)

1.2 A2b 1919 50 (OST) MARKA. Blue. Serie B. G 169.00

(With blue branch stamp: Petrograd – Rija Kommertspank. Tallinna osakond

in Estonian language. W/5 signatures: 2 in dk.blue + 2 in red +one in

black. Catalog price US$ 250)

2.Republic debit Obligators of 5% Interest. 1919 Series B Issues.

2.1 9 1919 100 MARKA. Brown. VG 48.00

(Proof of falsification 500 marka from 100 marka genuine note)

2.2 29 1.01.1920 50 MARKA. Gray. VG 49.70

3.Republic of Estonia. Treasury Note.

3.1 39 ND(1919) 5 PENNI UNC 3.95

3.2 39 ND(1919) 5 PENNI aUNC 3.50

3.3 39 ND(1919) 5 PENNI XF 2.90

3.4 40b ND(1919) 10 PENNI XF+ 2.85

(Printing: Riigi Trukikoda, Tallinn)

3.5 40b ND(1919) 10 PENNI aVF 1.45

3.6 41a ND(1919) 20 PENNI UNC 5.90

3.7 41a ND(1919) 20 PENNI aUNC 5.25

3.8 42a 1919 50 PENNI. Back: blue. aUNC 9.95

3.9 42a 1919 50 PENNI XF+ 6.50

3.10 42a 1919 50 PENNI XF 6.15

3.11 42a 1919 50 PENNI VF 3.35

3.12 44a 1919 3 MARKA XF 13.30

3.13 44a 1919 3 MARKA VF 5.85

3.14 45a 1919 5 MARKA aUNC/UNC 29.95

3.15 45a 1919 5 MARKA aUNC 28.30

3.16 45a 1919 5 MARKA VF 7.85

3.17 45a 1919 5 MARKA F 5.15

3.18 47b 1919 25 MARKA. Wmk: vertical lines. VF+ 25.00

3.19 48c 1919 100 MARKA. Seria III. F 18.35

4.Republic of Estonia Exchange Note.

4.1 53a 1922 10 MARKA.W/o serial# prefix letter. XF/aUNC 24.00

4.2 53a 1922 10 MARKA.W/o serial# prefix letter. XF 16.95

4.3 53a 1922 10 MARKA.W/o serial# prefix letter. VF 7.80

4.4 53a 1922 10 MARKA.W/o serial# prefix letter. F 4.95

4.5 54a 1922 25 MARKA.W/o serial# prefix letter. XF+ 68.95

4.6 54a 1922 25 MARKA. W/o prefix letters. aXF 61.50

4.7 54a 1922 25 MARKA. W/o prefix letters. VF 38.75

4.8 54a 1922 25 MARKA. W/o prefix letters. F 26.40

4.9 54c 1922 25 MARKA. Series A. Wmk: Vertical. aUNC 95.00

(Proof note w/o lilac unpt. on face side. With #0000039! Seldom seen.)

5.Estonia Banknote. 1919-1921 Issue.

5.1 56a 1921 100 MARKA F/VF 45.70

6.Estonia Banknote. 1922-1923 Issue.

6.1 58a ND(1922) 100 MARKA. Serial letter B. VG/F 69.95

7.Bank of Estonia. 1928‑35 Issue.

7.1 62 1929 5 KROONI aUNC 28.50

7.2 62 1929 5 KROONI XF 17.95

7.3 62 1929 5 KROONI aXF 16.45

7.4 62 1929 5 KROONI VF 7.85

7.5 62 1929 5 KROONI aF 4.90

7.6 64 1932 20 KROONI UNC 14.95

7.7 64 1932 20 KROONI aUNC 13.80

7.8 65 1929 50 KROONI aUNC 29.25

7.9 65 1929 50 KROONI XF+ 21.00

7.10 65 1929 50 KROONI aXF 19.30

7.11 66 1935 100 KROONI VG+ 8.95

8.Bank of Estonia. 1937 Issue.

8.1 67a 1937 10 KROONI XF 9.50

8.2 67a 1937 10 KROONI aF 2.95

8.3 67a 1937 10 KROONI VG 2.15

9.Bank of Estonia. 1940 Issue.

9.1 68 1940 10 KROONI. aUNC 289.95

9.2 68 1940 10 KROONI. Not cut sheet w/6 notes. UNC 1,395.00

9.3 68 1940 10 KROONI. Not cut sheet 6 notes. UNC 249.00

9.4 68 1940 10 KROONI. Quartblock. UNC 179.00

(8.3 & 8.4 not finished printing-printed back side only. Seldom in sheets)

9.5 68 1940 10 KROONI. Original paper w/wmk. UNC 58.90

(Not finished printing, printed back side only)

10. Banknotes printed in "Specimen" / "Proow" or "Proov".

10.1 45 1919 5 MARKA. Proov. Uniface/Back side. XF 27.50

10.2 49f ND(1921) 500 MARKA. Proov. Seria D. XF 89.85

10.3 49j ND(1921) 500 MARKA. Proov. Seria III. F 65.00

10.4 51a 1923 100 MARKA. Proov. Uniface. aUNC 98.00

(Finished variant - full colored. W/number 0123456 / 7890000)

10.5 51a 1923 100 MARKA. Proov. Uniface. XF 115.00

(Proof variant - in green & olive only. W number 0123456/7890000. Seldom.)

10.6 53a 1922 10 MARKA. Proov. Uniface. aUNC 29.90

10.7 54a 1922 25 MARKA. Proow. W/o serial letter. XF 85.00

(Printed on two papers - each side on single paper)

10.8 55 1919 50 MARKA. Proov. W/# 00583005. F+ 55.00

10.9 59A ND(1922) 1,000 MARKA. “Proow” / Specimen. UNC 439.00

(Print on one paper. No.00000000. Printed in Germany)

10.10 59B ND(1927) 1,000 MARKA. “Proov” / Specimen. UNC 410.00

(Print on two papers. No.01234567890000. Printed in Estonia)

10.11 62s 1928 10 KROONI. "Specimen". UNC 28.75

(Print on two papers. No.0123456/07890000. W/o perforated number)

10.12 63s 1929 5 KROONI. "Specimen". UNC 34.50

(Print on two papers. No.0001234/5678900. W/perforated number)

10.13 65s 1932 20 KROONI. "Specimen". UNC 24.95

(Print on two papers. No.0012345/67890000. W/perforated number)

10.14 66s 1935 100 KROONI. "Specimen". UNC 87.90

(Print on two papers. No.0123456/7890000. W/perforated number)

10.15 67s 1937 10 KROONI. "Specimen". UNC 26.50

(Print on one paper. No.A‑0123456/A‑7890000. W/perforated number)

10.16 68s 1940 10 KROONI. “Specimen”. UNC 345.00

(Print on one paper. No.A‑0123456/A‑7890000. W/perforated number)

11.Old False Banknotes.

This small section include only old false notes(not modern counterfeits)

which are much more seldom than original ones.

11.1 12 1919 500 MARKA. Professional restored. VG 220.00

(Old false banknote made from #9 100 marka 1.06.1919 and #8 50 marka.

On #9 pasted digitalis "5" and letters "Wiis". Mixed method - made from

single parts of difference notes. Very delicate & accurate work.

Interesting piece as original method of falsification)

11.2 34 1920 500 MARKA. Professional restored. VG 220.00

(Old false banknote made from #31 100 marka 1.01.1919 and #29 50 marka.

On #31 pasted digitalis "5" and letters "Wiis". Very delicate & accurate

work. Interesting piece as original method of falsification)

11.3 48c 1919 100 MARKA VG 120.00

(Old false banknote made lithography method)

11.4 63 1928 10 KROONI. W/ovpt.: VALUE / False. VG 99.00

(Old false banknote made hand design, withdraw from circulation Bank of

Estonia with ovpt.: VALE/FALSE)

Special and local issues

1.Private Philatelic Shop of E.Eichenthal by address-Tallinn, Kuninga 6.

Premium note.

1.1 ND(1921/22) 1 MARKA. Pink. W/ovpt. on back. aXF 21.95

2.State Promissory Note. Form with colorful coat of arms of the

Estonian Republic.

- CLEAR FORM(BLANKS)

2.1 ND(1920-27) 3,000,000 MARKA. - RARE -. UNC 111.00

(State price this note in 1920-27 6,000 MARKA)

2.2 ND(1928‑40) 50 KROONI XF 7.60

2.3 ND(1928‑40) 100 KROONI XF 9.90

2.4 ND(1928‑40) 100 KROONI VF 8.85

2.5 ND(1928‑40) 150 KROONI XF 11.30

2.6 ND(1928‑40) 200 KROONI XF 13.50

2.7 ND(1928‑40) 200 KROONI F 8.85

2.8 ND(1928‑40) 250 KROONI VF 9.50

2.9 ND(1928‑40) 2,000 KROONI aUNC 21.60

2.10 ND(1928‑40) 4,000 KROONI. Seldom seen note. XF+ 37.95

2.11 ND(1928‑40) 9,000 KROONI. Seldom seen note. XF 48.25

2.12 ND(1928‑40) 250,000 KROONI. - RARE -. UNC 99.00

- USED FOR OBLIGATIONS

2.13 1927 10,000 MARKA. W/2 stamps & sign. F 12.40

2.14 1928 15,000 MARKA. W/3 stamps & sign. VG/F 13.65

2.15 ND(1928‑40) 50 KROONI. W/7 stamps & sign. F 7.20

2.16 ND(1928‑40) 100 KROONI VF 8.85

2.17 ND(1928‑40) 100 KROONI. W/7 stamps & sign. F 7.90

2.18 ND(1928‑40) 100 KROONI F 7.50

2.19 1933 150 KROONI. W/ovpt. & hands. VF 8.70

2.20 ND(1928‑40) 1,000 KROONI F 14.45

3.German Occupation of the Republic of Estonia. Point Tokens.

(All items listed by catalog "German Occupation in WW II of the Baltic

States, Belarus and North(Pskov Region). Special Issues of Paper Tokens –

"substitutes of paper money" by Ants Kulo & Juri Rudich, Tallinn 1999.#KR)

3.1 KR9a 4.1945 1 PUNKT. Brown & pink. W/o number. UNC 25.00

3.2 KR9a 4.1945 1 PUNKT. Brown & pink. W/o number aUNC 23.50

3.3 KR9a 4.1945 1 PUNKT. Brown & pink. W/o number. XF 19.85

3.4 KR9a 4.1945 1 PUNKT. Brown & pink. W/o number. VF 14.50

3.5 KR9c 4.1945 1 PUNKT. Brown & pink. W/number. UNC 35.00

3.6 KR9c 4.1945 1 PUNKT. Brown & pink. W/number. aUNC 32.65

3.7 KR9c 4.1945 1 PUNKT. Brown & pink. W/number. VF 18.70

3.8 KR9c 4.1945 1 PUNKT. Brown & pink. W/number. VG 9.50

3.9 KR9d 4.1945 1 PUNKT. W/number & letter A before F/VF 17.90

3.10 KR10c 4.1945 3 PUNKTE. Green. W/number. XF 33.00

3.11 KR12a 4.1945 10 PUNKTE. Grayish-blue. W/o number. VF/XF 35.00

3.12 KR12a 4.1945 10 PUNKTE. Grayish-blue. W/o number. VF 31.25

(All above with printer: Lettlands Wertpapierdruckerei, Riga. #6308.)

4.Regional. German Occupation. Kunda City. First provisional money.

Time legal circulation from August 20, 1941 to October 1, 1941.

Portland Cement Factory "Port - Kunda". Currency.

4.1 KR75b 1941 1 RUBLA. Prolongation 1.11.1941. F 14.45

4.2 KR75b 1941 1 RUBLA. Prolongation 1.11.1941. VG/F 11.60

4.3 KR75b 1941 1 RUBLA. Prolongation 1.11.1941. VG 9.20

(With 4 hand sign. Printed only 1,500 notes)

4.4 KR76b 1941 3 RUBLA. Green on gray. W/stamps. F 15.85

4.5 KR76b 1941 3 RUBLA. Green on gray. W/stamps. VG 9.90

(With 4 hand sign. Printed only 1,500 notes)

4.6 KR77b 1941 5 RUBLA. Red on gray. W/stamps. aF 14.90

4.7 KR77b 1941 5 RUBLA. Red on gray. W/stamps. VG/F 11.75

(With 4 hand sign. Printed only 1,500 notes)

4.8 KR78a 1941 10 RUBLA. Orange on blue. W/stamp. UNC 95.00

(Single seal on back. With 4 hand sign. Printed only 750 notes)

4.9 KR79b 1941 25 RUBLA. Brown on gray. W/stamps. XF 33.00

4.10 KR79b 1941 25 RUBLA. Brown on gray. W/stamps. VF/XF 24.50

4.11 KR79b 1941 25 RUBLA. With number 0004 ! F/VF 25.00

4.12 KR79b 1941 25 RUBLA. Brown on gray. W/stamps. F+ 16.70