1000 marka 1922

Common. The eBay market pricing data shows circulated examples trading in the $45-$82 range with some VF specimens around $79-$82, while even uncirculated examples appear in the $135-$150 range, well below the 2016 catalog value of $1500 for UNC. This suggests either significant supply or market correction since 2016. The P-59c variant with Keys watermark appears as one of three standard variants in the PMG population reports with no indication of scarcity. Early Estonian banknotes from the 1920s were issued in substantial quantities and are commonly encountered in the collector market.

Issued in 1922 by the newly independent Estonian Republic's Treasury, this banknote reflects the nation's establishment of monetary sovereignty following independence from Russia in 1918. The reverse vignette of Tallinn's harbor with its distinctive church spires and industrial waterfront represents the country's key commercial center and maritime gateway, while the classical banking design aesthetic demonstrates Estonia's integration into European financial standards during the interwar period.

This banknote exemplifies early 20th-century Estonian numismatic design, featuring classical banking aesthetics with ornate framing and decorative elements. The obverse presents a centered oval frame containing the '1000' denomination with ornamental rosettes flanking both sides and circular medallions with radiating line patterns in the corners. The reverse contains a detailed engraved vignette of Tallinn's harbor scene—featuring a steamship and sailing vessels in the foreground with the city's distinctive skyline including prominent church spires and industrial smokestacks in the background, representing Estonia's primary commercial and cultural center. The color scheme of red and grey with black line work and cream/beige accents creates strong visual contrast. Both sides employ extensive guilloche patterning and fine line work as security features typical of interwar European banknote design.

FRONT: 'EESTI PANGATÄHT' (Estonian Banknote); '1000' (One Thousand); 'MARKA TUHAT MARKA' (Mark / Thousand Mark); Serial number '№066711'; Series letter 'B'. BACK: 'EESTI PANGATÄHT' (Estonian Banknote); '1000' (One Thousand); 'EESTI PANGAL ON EESTI VABARIIGIS PANGATÄHTE VÄLJANDMISEKS AINUÕIGUS.' (The Estonian Bank has the sole right to issue banknotes in the Estonian Republic.); 'PANGATÄHED ON TÄIELIKULT KINDLUSTATUD PANGA VARAIDUSTEGA JA PANGALE PANDIKS ANTUD VÄÄRTUSTEGIA.' (Banknotes are fully secured by the bank's assets and valuables held in pledge to the bank.)

Intaglio engraving (letterpress/relief printing) with multiple colors. The note exhibits characteristics of traditional high-security banknote printing with complex guilloche patterns, fine detailed line work, and intricate vignette engraving typical of professional security printers in the 1920s. The layered color application (red, grey, black) and fine detail preservation visible in the EF condition specimen indicate professional security-grade production standards.

This note is identified as Pick P-59c variant with Keys watermark (light and dark keys). The series letter 'B' appears in red on the obverse, as noted in the collector provenance. PMG catalogs three variants for this base number (P-59a, P-59c, and P-59e), all featuring Keys watermarks but potentially differing in other security features or print runs. The visual analysis confirms the characteristic Keys watermark pattern mentioned in catalog references.