Greek 1928 1 Drachma obverseObverse

Image: Wikimedia Commons · Exekias · CC BY 2.0

Greek 1928 1 Drachma

Greece

1928

Reference data compiled from public catalogs

Estimated Melt Value

$10.85

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

Updated 7:58 AM

Collector premium not included

Specifications

CountryGreece
Years Minted1928
Composition83.5% silver
Weight5 g
Diameter30 mm
ShapeRound
EdgeReeded

Design

Obverse

Features a phoenix rising from the flames.

Reverse

Depicts the denomination and year within a wreath.

History & Notable Facts

The 1928 Greek 1 Drachma coin features a phoenix on its reverse, a direct nod to the nation's rebirth after the turbulent post-revolution years.

That phoenix, rising from stylized flames, wasn't just decorative. It reflected Greece's efforts to stabilize its economy following the 1924 republic declaration and the Asia Minor disaster. The coin itself was struck in silver, with a diameter of 23 millimeters and a weight of 5 grams, typical for the era's drachma issues.

We don't know the exact mintage figures; records from that period are spotty, possibly lost in bureaucratic reshuffles. What we do have are examples showing wear from circulation, hinting at widespread use.

The obverse bears a simple portrait of a soldier or statesman—debate persists on which. As for myths, I've heard tales of hidden treasures, but that's just coin-collecting folklore. Most specimens turn up in old collections, unadorned by adventure.

Oddly enough, spotting that phoenix can feel like finding a reliable ally in a drawer full of foreign fakes.

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