KOGUJA Banknotes Catalog
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500 Mark 1920 — Estonia ( Pick: 49d )

Region: Europe
Period: Treasury and Bank Notes of 1918–1923
Series: Treasury Notes of 1920–1921 (1920–1921)
Print series
A
Front side
500 Mark Estonia 1920 — Front side

Banknote description

Treasury Notes series A

Specifications

Pick catalog
49d

About this banknote

The Treasury of the Republic of Estonia issued the Treasury Notes of 1920–1921 during a period of stabilizing the national currency following Estonia’s independence. The series was introduced to replace earlier provisional currencies and establish a more robust financial system for the newly independent nation.

The front of the 500 Mark note features intricate line patterns and prominent denominations, with the text emphasizing its legal tender status within Estonia. Notably, Pick 49d was printed without a watermark, reflecting the period's financial constraints and technological capabilities.

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