ObverseImage: Wikimedia Commons · Unknown authorUnknown author · Public domain
Otto Drachma
Greece
1833–1862
Reference data compiled from public catalogs
Estimated Melt Value
$11.45
Based on Silver spot price ($79.17/oz) · 90.0% purity · 5g
Updated 6:41 PM
Collector premium not included
Specifications
| Country | Greece |
| Years Minted | 1833–1862 |
| Composition | 0.900 silver |
| Weight | 5 g |
| Diameter | 23 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Portrait of King Otto facing right.
Reverse
Crowned shield with the Greek coat of arms.
History & Notable Facts
The Otto Drachma's most intriguing feature is that it was minted using equipment shipped from Bavaria, where King Otto hailed from, turning a foreign royal's whim into Greece's first modern currency.
These coins, produced from 1833 to 1862, typically featured Otto's profile on the obverse and the Greek coat of arms on the reverse, all struck in silver or copper. Mintage varied by year, but exact figures for many issues remain murky due to incomplete records from the era's administrative chaos. Some planchets were recycled from older European coins, a practical nod to Greece's limited resources post-independence.
That said, not every Otto Drachma survived intact; corrosion from the Mediterranean climate took its toll. The 1844 restrike, for instance, used worn dies, resulting in coins that look as fatigued as I feel after decades of handling them.
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