Otto Drachma obverseObverse

Image: 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

CountryGreece
Years Minted1833–1862
Composition0.900 silver
Weight5 g
Diameter23 mm
ShapeRound
EdgeReeded

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.

Buy on eBay

Loading listings...

AI Analysis & Price Prediction

Investment Rating: --------
12-Month Price Prediction: $--- - $---

The Otto Drachma has shown consistent appreciation over the past decade. Based on historical auction data, population reports, and current market sentiment, our AI model projects...

Get AI-powered analysis for this coin

Unlock with Pro — $9.99/mo