A Greece 1 Drachma (Silver) contains 0.1342 troy oz of pure silver, worth $7.25 at today's spot price.
Greece struck the 1 Drachma silver coin from 1868 to 1911 in 83.5% silver. Each coin weighs 5 g and holds 0.1342 troy oz (4.175 g) of pure silver. The drachma was also used in Crete.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 23, 7:10 PM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1868–1911 |
|---|---|
| Face value | 1 Drachma |
| Composition | 83.5% silver |
| Gross weight | 5 g |
| Fineness | .835 (83.5%) |
| Pure metal | 0.1342 troy oz (4.175 g) |
How the melt value is worked out
Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
5 g × .835 fine ÷ 31.1035 g per troy oz = 0.1342 troy oz
0.1342 troy oz × $54.05 spot = $7.25
Melt value vs. collector value
Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.