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50 Marka

Issuer Tallinna Arvekoda (Clearing House of Tallinn/Reval)
Year 1919
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Value 50 Marka
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Reverse description Blue note with the same dense guilloche underprint of repeated '50' and 'MARKA' values as the obverse. The central oval vignette contains a large numeral '50' with a small heraldic figure above it, flanked by trilingual text: German at left ('GUTSCHEIN DER REVALER ABRECHNUNGSKAMMER / Fünfzig Mark'), Russian at right ('ПЛАТЕЖН. СВИДѢТЕЛЬСТВО РЕВЕЛЬСКОЙ РАСЧЕТНОЙ ПАЛАТЫ / Пятьдесятъ марокъ'), with the date '1919' at the bottom centre and the serial number printed in red at the top.
Reverse lettering GUTSCHEIN DER REVALER ABRECHNUNGSKAMMER
Fünfzig Mark
ПЛАТЕЖН. СВИДѢТЕЛЬСТВО РЕВЕЛЬСКОЙ РАСЧЕТНОЙ ПАЛАТЫ
Пятьдесятъ марокъ
DIESER SCHEIN IST DURCH DEPONIERTE WERTE SICHERGESTELLT.
СІЕ СВИДѢТЕЛЬСТВО ОБЕЗПЕЧЕНО ЗАЛОЖЕННЫМИ ЦѢННОСТЯМИ.
JEDER IST VERPFLICHTET DIESEN SCHEIN ALS BARZAHLUNG ANZUNEHMEN. (ERLASS DER TEMPORÄREN REGIERUNG VOM 4. JANUAR 1919.)
ВСЯКІЙ ПОВИНЕНЪ ПРИНИМАТЬ СІЕ СВИДѢТЕЛЬСТВО НАРАВНѢ СЪ НАЛИЧНЫМИ ДЕНЬГАМИ. (РАСПОРЯЖЕНІЕ ВРЕМЕННАГО ПРАВИТ. ОТЪ 4 ЯНВАРЯ 1919 Г.)
50
1919
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Comments

The Tallinna Arvekoda was not a bank. It was Tallinn's municipal clearing house, and its 1919 emergency issues filled a genuine vacuum — the newly independent Estonian state had not yet established a functioning central bank, and the German Mark-denominated occupation currency was being withdrawn. Local institutions stepped in to keep commerce moving.

Pick lists this as printed in Estonia, which almost certainly means a local print shop rather than a specialist security printer. The infrastructure simply wasn't there yet.

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