Joukowsky Institute for Archaeology & the Ancient World. The drachma is a coin with the value of six obols. The term drachma means “handful”—in other words, it was a considered to be a handful of obols. Various denominations of the drachma were made—the octadrachm, tetradrachm, didrachm, and drachm among them.
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What is a drachma coin? – All you need to know
How much is a drachma worth in dollars?0.00289192 USD
Is drachma still a currency?Key Takeaways. The Greek drachma was the currency of Greece before it was replaced by the euro in 2001. It was also the ancient money of the Greek empire and city-states. Drachma note denominations ranged from 10 to 500 over much of its existence, while smaller denominations of 1 and 2 drachmae were issued earlier.
How much is an ancient drachma worth?According to classical historians, the daily wage of a Greek hoplite soldier was 1 Drachma. For sitting on a jury, a citizen would be paid a half Drachma per day. Modern historians and economists have valued the ancient Drachma at about $50 in today’s money.
What was the purpose of the drachma?The drachma was Greece’s national currency from 1833 to 1 January 2002, when euro banknotes and coins were put into circulation in Greece, at the same time as in the other euro area countries.
What currency is worth the most?The Kuwaiti dinar (KWD) is often the most valuable foreign currency and it does not rely on a peg. It floats freely. Substantial oil production has helped to augment Kuwait’s wealth and support the value of the Kuwaiti dinar. Over the years, Kuwait amassed a significant sovereign wealth fund.
Are drachma coins worth anything?A rare 50-drachma coin fetched a record price of 162,000 euros at an auction in Switzerland recently. The coin was sold on November 17, at an auction which featured other historical coins.
Do drachmas have any value?Greek drachma banknotes became obsolete in 2002, when Greece joined the Eurozone. The exchange deadline for Greek drachmae expired in 2012. All drachma bills issued by the Athens-based Bank of Greece have lost their monetary value.
How much is 75 drachmas?Julius Caesar’s will specified a gift of 75 Attic drachma’s for every roman citizen. The income at the time for a skilled worker was 1 drachma a day wiki. At a wage of $20 USD/hr that is approximately $12,000 USD. This is an order of magnitude larger than the $186 USD-1998 arkenberg.
When was drachma stopped?In 2002 the drachma ceased to be legal tender after the euro, the monetary unit of the European Union, became Greece’s sole currency.
Can you exchange drachma?Exchange yours now
Greek Drachmae are now obsolete. At Leftover Currency we specialize in the exchange of obsolete currencies, like the Greek Drachma. Our online exchange service is quick, easy, secure and free of charge. We exchange both Greek Drachma banknotes, as well as Greek Drachma coins.
The most helpful answer about What is a drachma coin?
Greek drachma – Wikipedia
- Summary: Greek drachma “Drachma” redirects here. For the moth genus, see Drachma (moth). The drachma (Greek: δραχμή Modern: [ðraxˈmi], Ancient: [drakʰmέː];[n 1] pl. drachmae or drachmas) was the currency used in Greece during several periods in its history: An ancient Greek currency unit issued by many Greek city states during a period of…
- Rating: 4.97 ⭐
- Source: https://en.wikipedia.org/wiki/Greek_drachma
drachma | Definition, History, & Facts – Britannica
- Summary: drachma | Definition, History, & Facts Entertainment & Pop Culture Geography & Travel Health & Medicine Lifestyles & Social Issues Literature Philosophy & Religion Politics, Law & Government Science Sports & Recreation Technology Visual Arts World History On This Day in History Quizzes Podcasts Dictionary Biographies Summaries Top Questions Week In Review Infographics Demystified Lists #WTFact Companions Image Galleries Spotlight The Forum One Good Fact…
- Rating: 2.86 ⭐
- Source: https://www.britannica.com/topic/drachma
Greek Drachma Definition – Investopedia
- Summary: Undrestanding the Greek Drachma What Is the Greek Drachma? The Greek drachma was the basic unit of currency in Greece until 2001 when it was replaced by the euro. The euro is now the only official currency of the country. Key Takeaways The Greek drachma was the currency of Greece before it was replaced by the euro in 2001. It was also the ancient money of the Greek…
- Rating: 1.92 ⭐
- Source: https://www.investopedia.com/terms/g/greek-drachma.asp
History of the modern drachma – Fleur de Coin
- Summary: History of the modern drachma HomeFleur-de-coin.comHistoryModern times Drachma was established on the island of Aegina during the 7 century BC and depreciation was remarkably slow; about 50% over the following 200 years. Aristophanes (c. 448-380 BC) tells us that in his days one drachma was the average daily wage of a skilled labourer or a hoplite, while a juror earned half a drachma. Eight drachmas would…
- Rating: 4.46 ⭐
- Source: https://www.fleur-de-coin.com/currency/drachma-history
Greek 5 drachmas coins – Fleur de Coin
- Summary: Greek 5 drachmas coins HomeFleur-de-coin.comGreek eurosMintmarks FESGreek currency5 drachmas Greek 5 drachma coins The name drachma is derived from the verb dratto (“to grasp”), as initially a drachma was a fistful (a “grasp”) of six oboloi (metal sticks), which were used as a form of currency as early as 1100 BC. The 5th century BC Athenian tetradrachmon (“four drachmae”) coin was…
- Rating: 1.02 ⭐
- Source: https://www.fleur-de-coin.com/currency/greek5drachmas/-1
Drachma Definition & Meaning – Dictionary.com
- Summary: Definition of drachma | Dictionary.comTop Definitions Quiz Examples British This shows grade level based on the word’s complexity.[ drak-muh, drahk- ]/ ˈdræk mə, ˈdrɑk- /This shows grade level based on the word’s complexity.noun, plural drach·mas, drach·mae [drak-mee, drahk-]. /ˈdræk mi, ˈdrɑk-/. a cupronickel coin and monetary unit of modern Greece until the euro was adopted, equal to 100 lepta. Abbreviation: dr., drch.the principal silver…
- Rating: 1.14 ⭐
- Source: https://www.dictionary.com/browse/drachma
Drachma coins | Bank of Greece
- Summary: Drachma coins | Bank of Greece Background 1930 Silver 10- and 20-drachma coins and nickel 5-drachma coins minted in 1930 were issued by virtue of the Decree of 7 December 1930. The 20-drachma coin is a replica of a Macedonian tetradrachm issued by King Antigonos Doson (227-221 B.C.). The 10-drachma coin depicts the head of Demeter, from a rare…
- Rating: 3.79 ⭐
- Source: https://www.bankofgreece.gr/en/the-bank/history/drachma/drachma-coins
Drachma | Bank of Greece
- Summary: Drachma | Bank of Greece The drachma was Greece’s national currency from 1833 to 1 January 2002, when euro banknotes and coins were put into circulation in Greece, at the same time as in the other euro area countries. On 28 February 2002, the transition to the euro was completed,…
- Rating: 4.52 ⭐
- Source: https://www.bankofgreece.gr/en/the-bank/history/drachma