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The 1 sent coin was first issued by the Republic of Estonia in 1929. It is the lowest-denominated coin of the kroon ever issued, holding a value of one hundredth of a kroon before being demonetized in 1940.
The kroon became the currency of Estonia on 1 January 1928 after having been a unit of account since 1924. It replaced the mark at a rate of 100 mark = 1 kroon. The kroon was subdivided into 100 senti. In 1924, the kroon was pegged to the Swedish krona at par, with a gold standard of 2480 kroon = 1 kilogram of pure gold. The standard received real coverage with the reserves backing the kroon.
Obverse
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Three passant gardant lions similar to those displayed on the Estonian coat of arms are featured on the coin's obverse, accompanied by an inscription representing the date of issue. 1929 |
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Reverse
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A group of oak leaves superimposed by the numeral '1', which represents the coin's value, are depicted on the reverse, with the state title of Estonia (EESTI) written above. EESTI |
Edge |