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Greek 5 Drachmai 1870

Greece

1870

Reference data compiled from public catalogs

Estimated Melt Value

$1,258.15

Based on Gold spot price ($4,831.225/oz) · 90.0% purity · 9g

Updated 12:14 PM

Collector premium not included

Specifications

CountryGreece
Years Minted1870
Composition90% gold, 10% copper
Weight9 g
Diameter22 mm
ShapeRound
EdgeReeded

Design

Obverse

Portrait of King George I facing right.

Reverse

Crowned shield with the Greek coat of arms and the denomination.

History & Notable Facts

This 1870 5 Drachmai gold coin was struck in Paris, a necessity since Greece had no mint of its own and relied on French expertise to produce its currency.

Weighing about 5.8 grams of 90% gold, it features King George I's portrait on the obverse, a design that echoes the era's European royal styles but with a distinctly Greek flair in the lettering. The reverse shows the Greek coat of arms, complete with the phoenix rising from ashes, symbolizing the nation's rebirth after independence. Records from that period are spotty; we know the mintage was low, but exact figures burned up in an 1884 archive fire, so don't ask me for numbers.

Some folks still peddle the myth that these coins were hoarded for their gold value during economic troubles. They weren't; most circulated normally until wear set in. As for me, I've turned over dozens of these in my time, and they're solid pieces, no more mystical than your average gold sovereign.

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