Commemorative Gold drachma 2000
|Fineness||Gold 916.7/1000 (22K) Proof|
On February 26, 2002, the Finance Ministry announced its intention to issue a series of 10,000
commemorative gold drachmas after the Greek currency was finally withdrawn from circulation. The gold coin
resembles the last one-drachma coin ever to circulate, with a sailing ship on one side and the head of Greek
independence war heroine Bouboulina on the other. The coins are made of 916.7/1000 gold, weigh 8.5 grams and
have a diameter of 24 millimeters. The quality of the minting is "proof", the highest in modern numismatic art
and the coins are accompanied by individually numbered certificates of authenticity issued by the Bank of
Greece. The gold drachma is contained in a transparent coin holder, which allows both sides of the coin to
be examined and is placed inside a separeate plastic case.
Following the finance ministry's announcement, Bank of Greece issued only one golden
drachma per person for the price of 230 euros (VAT 18% included). In order to ensure that the coins would not
end up in the hands of only a few coin dealers, the bank required that the id of each person receiving the coin
would have to be shown, a practice that helped the situation but did not fully accomplish its mission. It is
worth mentioning that although the date on the coin is 2000, the gold drachmas were actually issued two years
later. The bank started taking orders on March 4, 2002 and continued until the entire issue was covered.