|Coin||Five Krooni 1994 Bank of Estonia|
The second Estonian kroon currency was introduced in 1992, after Estonia gained independence from the USSR. The kroon was subdivided into 100 cents (senti; singular sent). The five krooni coin was used as a circulating commemorative denomination only twice, in 1993 and in 1994. A banknote of the same value was preferred though, so the coins did not circulate much.
The 1994 coin commemorates the 75th Anniversary of the Bank of Estonia.
These coins circulated until 15 January 2011 when they were demonetised and replaced with the Euro, when Estonia joined the Euro currency.
||Mint Mark||No mint mark
||Mintage||10,180,000 (10.2 million)
The obverse depicts the Coat of Arms of Estonia, consisting of three lions passant gardant (walking to left, facing the observer) on a shield. The date 1994 is divided by the shield.
There is a tiny inverted letter M above the right (upper) front paw of the lower lion.
The reverse shows rock cliffs surrounded by sea waves. In two lines above, EESTI PANK · 75 (Bank of Estonia · 75 [years]). On the rock cliff, a large numeral 5 for the value; below, the denomination KROONI.
There is controversy about the tiny letter M on the obverse. It is not a mint mark; it was originally present on coins minted by Juveel, but Juveel never had a mint mark for coins (it has markings on its other production); also, the letter is present on coins made later at other mints. The general opinion seems to be that the letter M is a privy mark of Rein Mikli, who was director of Juveel at the time the original dies were made.