A Greece 50 Drachmai (Gold) contains 0.4667 troy oz of pure gold, worth $1,865.37 at today's spot price.
Greece struck the 50 Drachmai gold coin from 1876 to 1935 in 90% gold. Each coin weighs 16.129 g and holds 0.4667 troy oz (14.516 g) of pure gold. The drachma was also used in Crete.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 25, 1:09 AM 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Some prices could not be refreshed recently and may be out of date.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 | 1876–1935 |
|---|---|
| Face value | 50 Drachmai |
| Composition | 90% gold |
| Gross weight | 16.129 g |
| Fineness | .900 (90%) |
| Pure metal | 0.4667 troy oz (14.516 g) |
How the melt value is worked out
Melt value is the pure gold in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
16.129 g × .900 fine ÷ 31.1035 g per troy oz = 0.4667 troy oz
0.4667 troy oz × $3,996.90 spot = $1,865.37
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.