Estonia

Estonia chapter of The Banknote Book is now available

Estonia cover
The Estonia chapter of The Banknote Book is now available for individual sale at US$9.99, and as a free download to subscribers.

This 18-page catalog covers notes issued by the Eesti Vabariigi (Republic of Estonia) from 1919 to 1928 and the Eesti Pank (Bank of Estonia) from 1919 to 2008. Published 4 July 2014.

Each chapter of The Banknote Book includes detailed descriptions and background information, full-color images, and accurate valuations. The Banknote Book also features:
  • Sharp color images of note’s front and back without overlap
  • Face value or date of demonetization if no longer legal tender
  • Specific identification of all vignette elements
  • Security features described in full
  • Printer imprint reproduced exactly as on note
  • Each date/signature variety assigned an individual letter
  • Variety checkboxes for tracking your collection and want list
  • Date reproduced exactly as on note
  • Precise date of introduction noted when known
  • Replacement note information
  • Signature tables, often with names and terms of service
  • Background information for historical and cultural context
  • Details magnified to distinguish between note varieties
  • Bibliographic sources listed for further research

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Bank of Estonia publishes third part of money catalog

Eesti Pank, the Bank of Estonia, has published the third part of Estonia's money catalog. The first and second volumes of the catalog published in 2007 include banknotes and circulation and collector coins that were issued during both the first Republic (1918-1940) and after the monetary reform of 1992 in the newly re-independent Estonia until 2008.

"Money of the Republic of Estonia" is the third part of the catalog "Banknotes and Coins of the Republic of Estonia". It concludes the history of Estonia's money until the end of 2010, covering all banknotes and coins issued in Estonia before the adoption of the euro.

Printed copies of the catalog can be ordered from the bank, and it is also available as a free PDF by clicking the links above.

Estonia adopts euro on 01.01.2011


Like the barn swallow on the back of one of my favorite Estonian banknotes shown above, the kroon will fly away on 1 January 2011 as Estonia joins 16 other countries which have traded their own individual currencies for the common euro. Kroon, we’ll miss you!

Estonia to adopt euro in 2011

According to a Bloomberg article dated 8 June 2010, European finance ministers backed Estonia’s bid to become the 17th country using the euro starting 1 January 2011. Time to start looking for kroon notes to fill the holes in your collections!

Courtesy of Stein Langørgen.

Estonia new date (2007) 2- and 10-kroon notes confirmed

On 19 June 2009, the Bank of Estonia issued 2- and 10-kroon banknotes dated 2007. Aside from the new date, the notes are identical to the preceding issues, including the signatures (Andres Lipstok, President; Mart Sõrg, Noukogu Esimees). The new 2-kroon (US$0.20) notes were printed in Germany by Gieseke & Devrient and the 10-kroon (US$0.90) notes in Malta by De La Rue, both without imprints.



Courtesy of Rui Manuel Palhares.

Estonia issues new date (2007) 25-kroon note


25 krooni (US$2.50), 2007. Introduced 26.06.2008. Like P84, but new date, new signatures (Andres Lipstok, President; Mart Sõrg, Nõukogu esimees), and rectangle with denomination in UV ink moved from lower center on back to lower center right on back. Printer: (Gieseke & Devrient). 140 x 69 mm.

Courtesy of banknoteshop@gmx.net and Frank van Tiel.

Estonia issues new 10-kroon note


10 krooni (US$1), 2008. 30,000 notes introduced in special folder with 1-kroon coin for EEK200 (US$19.95) on 20.06.2008, to commemorate the 90th anniversary of the Republic of Estonia and the 16th anniversary of the re-introduction of the kroon. Front: Girl in national costume holding sheaves of wheat based upon design by Günther Reindorff for 1928 EEK10 (P63), but new date, new signatures (Andres Lipstok, President; Mart Sõrg, Noukogu Esimees), plus watermark and registration device at right. Back: Designed by Vladimir Taiger; depicts Tamme-Lauri oak at Urvaste and coat of arms. Security features include 90th anniversary logo as watermark, 1918 and 2008 as latent images, intaglio printing, microtext, and fluorescent ink. 140 x 69 mm.

Estonia issues new date (2007) 100-kroon note


100 kroon (US$9.45), 2007. Issued 10 January 2008. Like P82, but new date, new signatures (Andres Lipstok, President; Mart Sõrg, Nõukogu esimees), wider (2 mm vs. 1.2 mm) security thread fluoresces blue under UV light, and rectangle with denomination in UV ink moved from front to back. Printer: (Gieseke & Devrient).

Courtesy of Michael Perelman.

Estonia to print a new round of krooni notes

According to an article in The Baltic Times dated December 20, 2006: “Due to the ever-retreating prospects of joining the euro currency zone, the central Bank of Estonia has announced it will print a new round of bank notes. The currency supply was expected to be phased out and replaced by the euro. But the bank said the nation would need a new injection of notes prior to Estonia’s entering the eurozone. The first to be replenished will be the two and 10 kroon banknotes – which may come as a surprise to many Estonians, who find their wallets overflowing with the near-worthless paper money.”

No word on when the new notes would be released, nor what changes will be made to the design of same. The 2-kroon note (Pick 70a) is worth US$0.15 and the 10-kroon note (Pick 77a) is worth US$0.85.

Estonia issues revised 2- and 10-krooni notes dated 2006

The central Bank of Estonia has issued a new series of 2- and 10-krooni bank notes with a few renewed security features. Existing notes of the same denomination remain legal tender.

"Until now the latest Estonian bank notes were the 25-kroon notes printed in 2002. The new 2- and 10-kroon bank notes will not be the last ones Eesti Pank will issue before the euro changeover. At present, we are also preparing to order additional 25-, 100- and 500-kroon bank notes," said Andres Lipstok, Governor of Eesti Pank.


2 krooni (US$0.15), 2006. Issued 3 January 2007. Like Pick 70, but new date, new signatures (Andres Lipstok, Governor; Mart Sõrg, Chairman), and K. E. von Baer as watermark. Printer: (Giesecke & Devrient). 140 x 69 mm.


10 krooni (US$0.85), 2006. Issued 3 January 2007. Like Pick 77, but new date, new signatures (Andres Lipstok, Governor; Mart Sõrg, Chairman), Jakob Hurt as watermark, tactile feature for visually impaired in the lower right, and serial numbers now on back. Printer: (De La Rue). 140 x 69 mm.

Courtesy of Michael Perelman.

Estonia to issue new date 25-, 100-, and 500-kroon notes

Estonia to issue new date 25-, 100-, and 500-kroon notes Read More...