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In ancient Greece, the drachma (Greek: δραχμή, romanized: drachmḗ, [drakʰmέː]; pl. drachmae or drachmas ) was an ancient currency unit issued by many city-states during a period of ten centuries, from the Archaic period throughout the Classical period , the Hellenistic period up to the Roman period .
The first issue of coins minted in 1954 consisted of holed aluminium 5-, 10- and 20-lepton pieces, with 50-lepton, 1-drachma, 2-drachma and 5-drachma pieces in cupro-nickel. 10-drachma coins of a brighter alloy were issued in 1959 and a silver 20-drachma piece was issued in 1960, replacing the corresponding banknotes.
Drachma may refer to: Ancient drachma, an ancient Greek currency; Modern drachma, a modern Greek currency; Cretan drachma, currency of the Cretan State;
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
In ancient Greece, it was generally reckoned as 1 ⁄ 6 drachma (c. 0.72 grams or 11 grains). [14] [15] Under Roman rule, it was defined as 1 ⁄ 48 Roman ounce or about 0.57 g (9 gr). [16] The apothecaries' system also reckoned the obol or obolus as 1 ⁄ 48 ounce or 1 ⁄ 2 scruple. While 0.72 grams was the weight of a standard Greek obol ...
The Attic Greek drachma (δραχμή) was a weight of 6 obols, 1 ⁄ 100 Greek mina, or about 4.37 grams. [11] The Roman drachma was a weight of 1 ⁄ 96 Roman pounds, or about 3.41 grams. [12] [13] A coin weighing one drachma is known as a stater, drachm, or drachma.
Commemorative Greek drachma coins have been issued by the Bank of Greece throughout the 20th century. Early (1940–1967) coins were minted in Birmingham, Paris, Vienna, and Prague, but since 1978 all of Greece's commemorative coins have been minted in Athens.
The Aeginetan standard, based on the coinage issued by Aegina had a stater of 12.4 g, which was divided into a half-stater or drachma of 6.2 g, a quarter-stater of 3.1 g, and twelve obols of 1.0 g each. [2] [1] This was the main trading standard in the Greek world in the Late Archaic period. In the second half of the sixth century BC, the ...