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1 Drachma - Paul I

Issuer Kingdom of Greece
Year 1954-1965
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Value 1 Drachma (1 GRD)
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Reverse script Greek
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Mintage 1954 - Two different portaits; see comments - 24,091,000
1957 - - 8,151,000
1957 - Proof -
1959 - - 10,180,000
1962 - - 20,060,000
1965 - In Sets only -
1965 - Proof - 4,987
Additional information

Greece's postwar coinage reconstruction was complicated by a 1944 currency collapse so complete that the drachma was reissued at a ratio of 50 billion old drachmas to one new — making continuity of any numismatic series nearly impossible. This Paul I drachma belongs to the stabilized currency that followed, issued under a monarchy that would itself be abolished by referendum in 1974.

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