100 Marka

Estonia's first independent central bank, Eesti Pank, was established in 1919, and the Mark series that followed represented the country's break from the provisional German-occupation currency still circulating at independence. The American Bank Note Company contract was a deliberate political signal — commissioning an American firm carried weight in a young state anxious to establish international credibility, and ABNC's engraved work was a significant step up from the lithographed emergency issues that preceded it.

The Mark itself was short-lived. Estonia replaced it with the Kroon in 1928 at a rate of 100 Marka to 1 Kroon, collapsing this denomination to a single unit of the successor currency.