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  • 1930 20 Drachma AU / Unc. Silver Greek Coin Poseidon

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    1930 - 20 Drachma Silver Greek Coin

    Poseidon (Front of coin) 

    By Greek Mythology: Poseidon is the God of the Sea
    and protector of all aquatic features
    .

    .50% Silver

    AU/UNC. = Almost Uncirculated



    SPECIFICATIONS

    Composition: Silver

    Fineness: 0.5000

    Weight: 11.3100g

    ASW: 0.1818oz

    Melt Value: $2.83 (3/4/2016)

    Diameter: 28.43mm

    DESIGN

    Obverse: Prow of ancient ship

    Reverse: Poseidon head right


    CountryGreece
    Year1930
    Value20 Drachmai (20)
    MetalSilver (.500)
    Weight11.31 g
    Diameter28.43 mm
    ShapeRound
    OrientationCoin alignment ↑↓
    Demonetizedyes
    ReferencesKM# 73


    Poseidon on the Front of the coin and
    an Ancient Water Craft on the obverse (back of coin)


    Greek 20 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 the most widely used coin in the Greek world prior to the time of Alexander the Great.

    After Alexander the Great's conquests, the name drachma was used in many of the Hellenistic kingdoms in the Middle East, including the Ptolemaic kingdom in Alexandria. The Arabic unit of currency known as dirham known from pre-Islamic times and afterwards, inherited its name from the drachma; the dirham is still the name of the official currencies of Morocco and the United Arab Emirates. The Armenian dram also derives its name from the drachma.


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