Seleucid Drachm obverseObverse

Image: Wikimedia Commons · CNG · CC BY-SA 2.5

Seleucid Drachm

Greece

312–64

Reference data compiled from public catalogs

Market Price Range

$100.00$441.75$988.20

Based on 17 eBay listings · Prices vary by grade and condition

Estimated Melt Value

$10.06

Based on Silver spot price ($80.83/oz) · 90.0% purity · 4.3g

Updated 12:11 AM

Collector premium not included

Specifications

CountryGreece
Years Minted312–64
CompositionSilver
Weight4.3 g
Diameter17 mm
ShapeRound
EdgePlain

Design

Obverse

Typically features the diademed head of the Seleucid king.

Reverse

Often depicts an anchor or other symbols associated with the empire.

History & Notable Facts

The anchor on a Seleucid drachm wasn't merely a symbol; it represented the empire's iron grip on Mediterranean trade routes, often appearing alongside the king's portrait to assert authority from Antioch to Babylon.

These silver coins, struck between 312 and 64 BC under rulers like Antiochus, varied by mint but consistently featured high-purity silver sourced from regional mines. The obverse typically showed a diademed king, while the reverse's anchor might include a Greek inscription, like "BASILEOS," denoting the monarch's name. Mintage figures are hazy, lost to time and ancient record-keeping.

One oddity: some drachms show die variations, perhaps from rushed production during wars, which keeps forgers on their toes even today. As for myths, I've heard enough about these coins warding off sea storms—pure nonsense, like thinking an anchor could anchor your luck.

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