Corrections? It does not work to use the current value of silver or gold to back into the value of the currency in Alexanders time. I will assume that is 22 carat because I've read pure gold is too malleable to use in coins. However, some historians have estimated that in the 5th century BC a drachma had a rough value of 25 U.S. dollars (in the year 1990 - equivalent to 40 USD in 2006). b : the basic monetary unit of Greece from circa 1831 to 2001. Religion in Greece is dominated by the Greek Orthodox Church, which is within the larger communion of the Eastern Orthodox Church. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Roman soldiers were paid 225 denarii per year, beginning in the first century BCE and continuing until the reign of the emperor Domitian (ruled 81-96 CE), who raised the rate to 300 denarii. For the moth genus, see, Above: Six rod-shaped obeloi (oboloi) displayed at the. Athens and Corinth soon followed Aegina's lead. The Greek Drachma was also an ancient currency used in many Greek city-states. 1.00 Greek Drachma = 0.00 31084926 US Dollars 1 USD = 321.699 GRD GRD replaced by EUR We use the mid-market rate for our Converter. Drachmas were issued in the 5th century BC. In 1954 the drachma was revalued for a second time at a rate of 1000 to 1 and the Finance Minister, Spyros Markezinis, dealt with the problem Alexander-fashion by chopping off three zeros. A drachma was half of the stater, which refers to a weighing scale and represents the general value of two drammes. drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. This seems extremely undervalued to me, can someone whos familiar on the topic confirm this? We have broken up our dollar into 4 pieces4 quarters equal 1 dollar or 4 dollars are just four dollars. So, you can use this calculator to calculate the value of eight dollars in Greek drachmas. Rare Drachma Coin Sold for Record 162,000 Euros in Auction - GreekReporter The weight of the drachma was 4.3 grams in silver /gold, or 66.5 in grains . The Athenian tetradrachm was called owl,[6] the Aeginetic stater was called chelone, the Corinthian stater was called hippos (horse) and so on. I suspect that the poor remained poor and never retired, the middle class remained there until death, infrequently retiring, and the rich probably had more to fear of displeasing the politicians (if they werent politicians themselves, as they would probably not be in a money-losing deal for very long. How much are drachma coins worth? - Wisdom-Advices