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1960 50 Drachmai

Greece

1960

Reference data compiled from public catalogs

Market Price Range

$11.11$58.43$58.43

Based on 2 eBay listings · Prices vary by grade and condition

Estimated Melt Value

$24.54

Based on Silver spot price ($80.83/oz) · 83.5% purity · 11.31g

Updated 5:37 PM

Collector premium not included

Specifications

CountryGreece
Years Minted1960
Composition83.5% silver
Weight11.31 g
Diameter30 mm
ShapeRound
EdgeReeded

Design

Obverse

Features a female head representing the Greek Republic.

Reverse

Depicts the denomination and date.

History & Notable Facts

This 1960 50 Drachmai coin was struck to mark the centenary of Greek unification, a nod to the republic's roots amid the era's political turbulence.

It's made from copper-nickel, with a obverse showing a phoenix rising from ashes—symbolizing rebirth—and a reverse featuring the Greek coat of arms. The design, by artist G. Stamatopoulos, reflects a shift from earlier monarchist motifs. Mintage figures are murky; official records from that period are incomplete.

Edge lettering includes the word "ΕΛΛΑΣ," which means Greece, adding a touch of national pride to an otherwise utilitarian piece.

Some enthusiasts claim it foretold the end of the monarchy, but that's just coin folklore. As if a piece of metal could predict politics.

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