How much is an ancient drachma worth?

How much is an ancient drachma worth?

Typically a 5 or 6 percent fee was charged to exchange foreign currency to the local currency. The obolus (or obol) was a silver coin worth a sixth of a drachma….Money and Measures in Ancient Greece.

What is a drachma coin?

The drachma is a coin with the value of six obols. The term drachma means “handful”—in other words, it was a considered to be a handful of obols. Various denominations of the drachma were made—the octadrachm, tetradrachm, didrachm, and drachm among them.

How much is a 50 drachma coin worth?

Otherwise these coins are worth less than $1 each. Coins dated 1993 are available only in sets, not in circulation. These are worth $10 to $20.

Why is drachma significant?

drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. The drachma was one of the world’s earliest coins. Its name derives from the Greek verb meaning “to grasp,” and its original value was equivalent to that of a handful of arrows.

Are drachmas worth anything?

According to a study undertaken by Bloomberg, drachmas worth an estimated 477.9 million are still safely tucked away all over Greece — never to be redeemed.

Are ancient coins worth anything?

As with anything, supply and demand drive the prices of ancient coins. One of the most famous ancient coins, the Ides of March denarius, commemorating Brutus’ assassination of Julius Caesar, frequently sells for US$100,000 or more.

Who is on the 2 drachma coin?

The leader of the Greek War of Independence against the Ottoman Empire, Georgios Karaiskakis, is pictured on the front side of this 2 drachmas coin from Greece. On the back side are two crossed rifles, used by Greek revolutionaries in their uprising against the Ottoman rule.

What is the rarest Greek coin?

Athens Dekadrachm
Weighing 42.5 grams and reportedly worth $1 million, the coin is known as “Athens Dekadrachm” and there are only 40 of these rare coins in the whole world.

Do people still use drachmas?

The Greek drachma was the official currency of Greece for most of its history; from antiquity to being reintroduced in the 1800s until it was replaced by the euro in 2001.

Can I cash in Greek drachma?

All drachma bills issued by the Athens-based Bank of Greece have lost their monetary value. However, we give cash for demonetized pre-euro Greek Drachma notes that reflects their numismatic (collector’s) value.

What is the most expensive ancient coin?

The extremely rare gold version of the ‘EID MAR’ denarius of Brutus, probably the most famous ancient coin out there, was sold on 30 October 2020 at Roma Numismatics Auction XX for a record-breaking sum of 2.7 million pounds (approx. 2,988,360 euros).

What is the rarest ancient coin?

The Akragas Decadrachm is one of the rarest ancient coins. Fewer than ten are known to have survived from antiquity. It is one of the great coins issued during the 5th century on the island of Sicily. These cities were among the earliest to begin minting silver coins.

How much is a drachma worth in US dollars?

0.00308738 USD
Convert Greek Drachma to US Dollar

Are any Greek coins valuable?

Weighing 42.5 grams and reportedly worth $1 million, the coin is known as “Athens Dekadrachm” and there are only 40 of these rare coins in the whole world.

Does the drachma have any value?

According to various estimates, the value of drachma banknotes that have never been exchanged comes to about 240 million euros, or 82 billion drachmas.

Is the drachma worth anything?

A modern person might think of one drachma as the rough equivalent of a skilled worker’s daily pay in the place where they live, which could be as low as US$1, or as high as $100, depending on the country.

Are drachma notes worth anything?

Greek drachma banknotes became obsolete in 2002, when Greece joined the Eurozone. The exchange deadline for Greek drachmae expired in 2012. All drachma bills issued by the Athens-based Bank of Greece have lost their monetary value.

How do I know if my coin is worth money?

There are three primary variables that help determine the value of a coin.

1. Initial Mintage Number. This refers to how many of the coins were originally minted and available in the market.
2. Coin Grade. The better condition your coin is in, the more valuable it can be.
3. Demand.