Greece Drachma LMU
1) Recognition - Name - Country of Origin
All Greek LMU gold coins have a gold fineness of 900/1000. They are available in several different versions and with various denominations.
2) Description of the Coin
The Greek Drachma coins feature the respective ruler of the minting year on the obverse side, which includes Georg I, Georg II, and later the motif "Revolution." On the reverse side, you will find the denomination and the year of minting.
3) Face Value - Legal Tender - Value
The coins have denominations of 5, 10, 20, 50, or 100 Drachmae.
4) Other Units - Denominations
Officially, there are no other denominations beyond those listed in the table below.
| Facre Value | Weight | Diameter | Composition |
|---|---|---|---|
| 100 Dr. | 32,26 g | 35 mm | Gold 900/1000 fein |
| 50 Dr. | 16,13 g | 28 mm | Gold 900/1000 fein |
| 20 Dr. | 6,45 g | 21 mm | Gold 900/1000 fein |
| 10 Dr. | 3,23 g | 19 mm | Gold 900/1000 fein |
| 5 Dr. | 1,61 g | 17 mm | Gold 900/1000 fein |
5) Special Features - Minting Years - History - Mintage
The idea of a unified currency for all of Europe, as realized now with the EURO, is not new. Over 130 years ago, one could use a French coin to pay for their Ouzo in Athens, just as it is possible again today. Back then, there was already a monetary union to which formally only five countries belonged, but their coin norms (weight, diameter, fineness, nominal value) were adopted by most other European countries, making their individual coins widely accepted throughout Europe.
This monetary union was founded on December 23, 1865, in Paris, between the countries of France, Belgium, Italy, and Switzerland. The official name of the monetary association was originally "Convention Monétaire" (Monetary Convention). However, since the languages of all founding states are based on the Latin language family, the term "Latin Monetary Union" (LMU; French: Union Latine) became commonly used. On January 1, 1927, Switzerland was the last country to demonetize the coins of the other states, marking the end of the era of the LMU. Despite that, Greece continued to mint coins according to the LMU standard until 1967.
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