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1923 10 Drachmai

Greece

1923

Reference data compiled from public catalogs

Estimated Melt Value

$21.70

Based on Silver spot price ($80.83/oz) · 83.5% purity · 10g

Updated 12:11 AM

Collector premium not included

Specifications

CountryGreece
Years Minted1923
Composition83.5% silver
Weight10 g
Diameter28 mm
ShapeRound
EdgeReeded

Design

Obverse

Features a phoenix rising from the flames.

Reverse

Depicts the denomination and the year 1923.

History & Notable Facts

The 1923 10 Drachmai was struck in .835 fine silver during Greece's post-World War I hyperinflation, a stubborn holdover from pre-war standards that likely baffled the finance ministers counting their dwindling reserves.

That silver content, weighing in at about 10 grams per coin, offered a tangible link to stability in a year when the drachma lost much of its worth. The obverse features a profile of King George II, who had just reclaimed the throne, while the reverse shows the national coat of arms flanked by laurel branches. Exact mintage numbers are lost to history; Greek archives from the era were haphazard at best.

Some collectors note the irony in how these coins, once nearly worthless amid the chaos, now fetch modest prices based on their condition rather than nostalgia.

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