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
| Country | Greece |
| Years Minted | 1923 |
| Composition | 83.5% silver |
| Weight | 10 g |
| Diameter | 28 mm |
| Shape | Round |
| Edge | Reeded |
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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