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Greek 2 Drachmai

Greece

1833–1901

Reference data compiled from public catalogs

Market Price Range

$2.50$4.04$9.86

Based on 20 eBay listings · Prices vary by grade and condition

Estimated Melt Value

$15.09

Based on Silver spot price ($80.83/oz) · 90.0% purity · 6.45g

Updated 8:09 PM

Collector premium not included

Specifications

CountryGreece
Years Minted1833–1901
Composition0.900 silver
Weight6.45 g
Diameter23 mm
ShapeRound
EdgeReeded

Design

Obverse

Features a portrait of the Greek king, such as King Otto.

Reverse

Displays the denomination and date, often with a crown or national symbols.

History & Notable Facts

The most intriguing fact about the Greek 2 drachmai from 1833 to 1901 is that it was often struck using silver planchets sourced from melted-down foreign coins, including Spanish reales, to kickstart Greece's new monetary system after independence.

This coin typically featured the profile of King Otto on the obverse, a Bavarian import who ruled as Greece's first monarch. The reverse usually showed a wreath or national symbols, reflecting the era's blend of classical revival and modern statehood. Mintage details vary by year; some records were lost in administrative upheavals, so exact figures remain hazy.

Struck initially in foreign mints like Paris because Greece lacked the facilities, these pieces came in weights around 6 to 10 grams, depending on the issue. Otto's portrait, with its stiff, regal lines, hints at the foreign influences shaping early Greek currency.

It's no surprise that a coin for a fledgling nation ended up with an outsourced look.

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