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| 正面描述 | 登录 以查看详情 |
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| 正面铭文 | TALLINNA ARWEKOJA MAKSUTÄHT MAKSUTÄHT ON ARWEKOTTA HOIULE ANTUD VÄÄRTUSTEGA TÄIELIKULT KINNITUSTAUD ARWEKOJA MAKSUTÄHED VÕETAKSE PANKADE POOLT RAHAMÄRKIDE ASEMEL VASTU TALLINNA ARWEKOJA WALITSUS TALLINNAS, 192 10000 MARKA PROOV |
| 背面描述 | The reverse displays a guilloche underprint with repeated '10000 MARKA' text in the side margins and along the top border. The central area bears the heading 'TALLINNA ARWEKOJA MAKSUTÄHT' with the large numeral '10000' printed in brown, beneath which the denomination is spelled out in Estonian script 'Kümmetuhat Marka' in ornate Gothic lettering. A caduceus vignette appears below the numeral, and the word 'Väljaandja' (Issuer) is printed in the lower left. A red diagonal 'PROOV' (Specimen) overprint crosses the entire reverse. |
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The Tallinna Arwekoja was not a central bank but a clearing house — its authority to issue paper currency in 1920 reflects just how unsettled Estonia's monetary infrastructure remained in the immediate post-independence period. The Estonian mark was being constructed almost from scratch after the collapse of tsarist ruble circulation, and institutions well outside the normal scope of note issuance were pressed into filling the gap.
Pick 5 is the highest denomination in the Arwekoja series, which itself is one of the more obscure issuing bodies in early Estonian numismatics. Local printing in Tallinn kept production under domestic control, though the technical quality of Estonian printing at this date was still developing.