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1978 Greece 20 Drachmai

Greece

1978

Reference data compiled from public catalogs

Market Price Range

$2.00$4.99$12.95

Based on 20 eBay listings · Prices vary by grade and condition

Specifications

CountryGreece
Years Minted1978
CompositionCopper-nickel
Weight6.5 g
Diameter26 mm
ShapeRound
EdgeReeded

Design

Obverse

Features a phoenix rising from the flames, symbolizing the restoration of Greek democracy.

Reverse

Depicts the denomination '20 DRACHMAI' and the year '1978'.

History & Notable Facts

What stands out about the 1978 20 drachmai coin is its depiction of a phoenix on the reverse, a direct nod to Greece's rebirth after the fall of the military junta in 1974.

That phoenix, wings spread in mid-flight, symbolizes the restoration of democracy, though the design draws from ancient myths rather than any specific historical event. The coin itself was struck in Athens, using copper-nickel planchets, and entered circulation as part of a broader series updating the drachma's look. We don't know the exact mintage figures; records from that era are spotty, lost in bureaucratic shifts.

One odd detail: the obverse features a helmeted Athena, goddess of wisdom, which some collectors misread as a nod to military rule. It's not. She was a staple of Greek coinage long before. As for myths, I've heard plenty about hidden messages in the engraving, but that's just wishful thinking—it's a straightforward commemorative piece.

The edge is reeded, a common anti-counterfeiting measure, though it didn't stop forgeries entirely. If you're handling one, note the wear on high points; these circulated widely before the drachma's end in 2002.

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