anyone know about Greek drachma's

Discussion in 'Coin Chat' started by lil-red, Dec 8, 2010.

  1. lil-red

    lil-red New Member

    four 20 drakmas coin 1960
    one 10 drakma coin 1959
    two 2 drakma coins 1962
    one 1 drakma coin 1959
    two 50 cents coins 1964

    Hi everyone :) Im new here and wondered if you could help me I have the above coins and wondered if they are of any value to a collector or anyone .
     
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  3. kaparthy

    kaparthy Well-Known Member

    If the 50-cent coins are US half dollars, (90% silver or .900 fine) then $15 or $20 for the pair would be about right. (Silver today is at $28.86 per ounce and there are 0.7234 oz of silver in two half dollars or four quarters or 10 dimes. (The old silver dollar coins have less silver in them than the equivalent subsidiary silver coins.) Anyway, $28.86 * 0.7234 = $21.18, what we call the "spot" price.

    The 20 drachma coins of 1960 were .835 fine (an old 19th century European standard) and weighed 7.5 grams (somewhat more than a US quarter dollar), for 0.2013 ounces actual silver weight. Call it a fifth of an ounce, so four-fifths of $28 is like $22.50.

    Unless they are Mint State near perfect, the other Greek coins are 50-cent to one dollar items, assuming that you can sell them at all. Most Americans collect American coins and the number of people who pursue modern Greece is small.

    In 1959-60, Greece was still enjoying its post-WW2 democracy before a junta of colonels backed by the CIA took over in 1967 and ruled until 1974.
     
  4. lil-red

    lil-red New Member

    oh thank you mmarotta for your informative post....the coins I have are not mint...but they are in great condition..
    Its a pity not many people collect greek drachma there such interesting coins,,,considering the myths and history some of them cover...
    I also have american coins I will look through them ...
    thanks again :D
     
  5. lil-red

    lil-red New Member

    I also have
    KING CONSTANTINE & ANNA MARIA
    SEVEN 30 drachma COINS 1964
    in very good condition the medals on the kings chest are very clear
     
  6. lil-red

    lil-red New Member

    I also have two kingdom of greece coins
    1967 and 1973

    sorry for posting all of these coins in different posts ..but i am posting them as i find them ...
     
  7. lil-red

    lil-red New Member

    I also have a greek 10 cents or lepta coin from 1882
    this is the oldest coin I have found in my collection.
     
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