Cretan Drachma obverseObverse

Image: Wikimedia Commons · worldcoingallery.com · CC BY-SA 3.0

Cretan Drachma

Greece

1901–1913

Reference data compiled from public catalogs

Market Price Range

$35.00$35.00$35.00

Based on 1 eBay listings · Prices vary by grade and condition

Estimated Melt Value

$10.85

Based on Silver spot price ($80.83/oz) · 83.5% purity · 5g

Updated 8:09 PM

Collector premium not included

Specifications

CountryGreece
Years Minted1901–1913
Composition0.835 silver
Weight5 g
Diameter23 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the head of Prince George of Crete facing left, with Greek legends and local symbols.

Reverse

Depicts a crowned shield with the lion of Crete, surrounded by the denomination and date.

History & Notable Facts

The Cretan Drachma's most striking feature was its depiction of a lion rampant, a nod to Venetian influences on the island, despite being minted in Athens.

This currency, issued from 1900 until Crete's union with Greece in 1913, used designs like mountains and local crests to emphasize autonomy under international administration. Struck in silver and copper, the coins aligned with the Greek drachma's standard, but their edges bore unique inscriptions in Greek script. Mintage figures are spotty; records from the period were poorly kept, and many were destroyed in later conflicts.

One oddity: the 1 drachma piece sometimes turned up with mismatched dies, probably from rushed production. As for myths about hidden treasures, I've seen enough fakes to know they're just that.

Exact numbers of surviving specimens remain unknown, lost to time and collectors' hoards.

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