1 kroon coin (1934)
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Estonia | |
| Value | 1 |
|---|---|
| Mass | 6 grams (0.21 ounces) g |
| Diameter | 2.525 inches (64.1 millimetres) mm |
| Edge | Smooth |
| Composition | Cu92Al6Ni2 |
| Years of minting | 1934 |
| Catalog number | K16 |
| Obverse | |
| Design | Coat of arms of Estonia |
| Designer | Georg Vestenberg[1] |
| Design date | 1934 |
| Reverse | |
| Design | Viking ship |
| Designer | Günther Reindorff |
| Design discontinued | 25 March 1941 |
The 1 kroon coin was put in circulation from 1 August 1934 to 25 March 1941, during the first independence period of Estonia. The exact number of coins minted is not known, as part of the archives was destroyed in the war, but some data indicate that about 3,406,066 pieces were struck. During the budget year of 1935/1936, 1,586,000 additional 1 kroon coins were minted. Designed by graphic artist Günther Reindorff, it depicts the image of a 13th-century Viking cargo ship.
With the Estonian monetary reform in January 1928 the law was changed as the Riigikogu had an amendment made to the law which stated that coins of 1 and 2 krooni could be minted in other metals, not only in silver as had been the case. As the silver coins of previous coinage had been too expensive, it was decided that this requirement would have to be eliminated. The corresponding change in the law came into effect on 24 March 1934.[2]
As published by the Riigi Teataja, the Economics Department of the Ministry of Finance of the Republic of Estonia announced that the Money Amendment Act (RT 30 of 1933) §§ 4 and 5, allowed the Economics Department of the Ministry of Finance to put in circulation the one-kroon coin as of 1 August 1934. The shape, dimensions, hardness, and metal composition amended within the meaning of the Act remained as such according to the law, but had yet to be approved by the government.[3]
On 25 November 1940, the Occupation of the Baltic states by the Soviet authorities put into circulation the ruble, and on 25 March 1941, three months before the outbreak of the war with the Third Reich, the Estonian crown was withdrawn from circulation. During the German (1941-1944) and Soviet (1944-1991) occupation of Estonia, foreign currency introduced by the occupiers remained in circulation.[4]