500 Mark 1920 — Estonia ( Pick: 49b )

Region: Europe

Period: Treasury and Bank Notes of 1918–1923

Series: Treasury Notes of 1920–1921 (1920–1921)

Print series

II

Front side

Banknote description

Treasury Notes series II

Specifications

Pick catalog: 49b

About this banknote

The "Riigikassa" of Estonia issued this series of treasury notes between 1920 and 1921, as part of the efforts to stabilize the economy following Estonia's declaration of independence in 1918. This release was essential in replacing the Soviet ruble and establishing a national currency during the period of 1918–1923.

The 500 Mark note, identified as Pick 49b, features stylized numerals "500" prominently on both sides, surrounded by intricate line patterns. Inscribed with "Eesti Vabariigi Kassatäht," it emphasizes the note's legal status within the Republic of Estonia. This series represents the early attempts of the Estonian state to assert economic sovereignty.