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5.000 Marka
| Issuer | Tallinna Arwekoda (Tallinn Clearing House) |
|---|---|
| Year | 1920 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Light green reverse sharing the same repeating '5000 MARKA' guilloche border as the obverse. A caduceus vignette occupies the centre, below the bold letterpress heading 'TALLINNA ARWEKOJA MAKSUTÄHT'; the large numeral '5000' is printed in a dark overprint above the written denomination 'Viistuhat Marka' in stylised script. A signature line for 'Wäljaandja' (issuer) appears at lower left, with 'TALLINNA ARWEKOJA' repeated in the vertical side panel, and a bold red manuscript cancellation crosses the face diagonally. |
| Reverse lettering | TALLINNA ARWEKOJA MAKSUTÄHT 5000 Viistuhat Marka Wäljaandja TALLINNA ARWEKOJA |
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| Comments |
The Tallinna Arwekoda was not a bank in any conventional sense — it was a clearing house, and its authority to issue circulating paper currency in 1920 reflects just how fractured Estonia's monetary infrastructure was in the immediate aftermath of independence. The Estonian mark was still being assembled as a functioning currency, and quasi-banking institutions stepped into the gap.
Pick 4 is the highest denomination in the Arwekoda series, which makes surviving examples relatively scarcer than the lower values — large denominations circulated hard and were redeemed quickly once the Bank of Estonia tightened its grip on issuance.