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I Need Some Help Figuring Out What These Greek(?) Bills Are

 
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Author Previous TopicReplies: 8 / Views: 427Next Topic  
Valued Member
United States
67 Posts
 Posted 08/11/2021  8:34 pm Show Profile   Bookmark this topic Add Snobro110 to your friends list Get a Link to this Message
Today, I and a friend traded some coins & he gave me these:
https://cutt.ly/5QSreLT *
I can't find anything online nor know how to start. Can I get some help here?

*The images were 8 MB, so there's no chance I could give clear photos of them. Sorry!
Valued Member
United States
67 Posts
 Posted 08/11/2021  8:45 pm  Show Profile   Bookmark this reply Add Snobro110 to your friends list Get a Link to this Reply
I'm most likely doing something wrong in my research, but one of these notes is worth 25,000,000 drachmai, which in USD is almost $86k. I'm definitely doing something wrong, so help?
Valued Member
United States
67 Posts
Valued Member
United States
67 Posts
 Posted 08/11/2021  8:47 pm  Show Profile   Bookmark this reply Add Snobro110 to your friends list Get a Link to this Reply
I think I did do something wrong, it became obsolete in 2002
Bedrock of the Community
United States
11311 Posts
 Posted 08/11/2021  10:05 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Looks like you might have a 1944 1M Drachmai (P149). I think in that condition US $40-60 is probably reasonable but I am no expert. Really cool.

edit: Defering to walk2dwater's expertise here.
Edited by CelticKnot
08/12/2021 2:16 pm
Pillar of the Community
Canada
1427 Posts
 Posted 08/12/2021  08:16 am  Show Profile   Check walk2dwater's eBay Listings Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
Looks like P-127
http://www.banknote.ws/COLLECTION/c.../GRC0127.htm
(small serial numbers so P-127a(2) on the above site. BV (Book Value) is $4.00 USD on my SCWPM (Standard Catalogue of World Paper Money). Billions of these hyperinflation notes were printed.
to CCF "snobro110"
Pillar of the Community
Canada
1427 Posts
 Posted 08/13/2021  1:23 pm  Show Profile   Check walk2dwater's eBay Listings Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
I can't find anything online nor know how to start. Can I get some help here?


- the first thing you want to do is IDENTIFY your note. Use the bank note museum (or Banknote Index/ Numista, etc).
http://www.banknote.ws/COLLECTION/c.../GRC/GRC.htm
There are plenty of sites out there now (including my hobby site below which I dedicate to new, PT & seasoned collectors).

The 2nd thing you can do is to check eBay (or some other auction platform).
You can "SEARCH" the country name & code (P-127).
Here's 7 results which range from $2.99 USD to 50
https://www.ebay.com/sch/i.html?_nk...127&_sacat=0

The 3rd thing (which is probably the most neglected) is to EDUCATE yourself (which you are doing ) & continue investigating. There may be short prefixes, design variations & all sorts of surprises. That's why collecting world bank notes can be so enjoyable (if you continue to tune in & do a bit of digging). Good luck & keep asking questions!
Notaphylic Culture:
https://sites.google.com/view/notap...ng-banknotes
New Member
United States
42 Posts
 Posted 08/21/2021  9:08 pm  Show Profile   Bookmark this reply Add classic_coin to your friends list Get a Link to this Reply

Quote:
I'm most likely doing something wrong in my research, but one of these notes is worth 25,000,000 drachmai, which in USD is almost $86k. I'm definitely doing something wrong, so help?


Did you attempt to use modern currency conversion on old notes, obviously forgetting about things like hyperinflation and currency reform? That's OK, mistakes happen.
Moderator
Learn More...
Australia
13846 Posts
 Posted 08/23/2021  12:57 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
As others noted, there were three "Greek Drachma" currencies. The second drachma replaced the first after liberation from Nazi occupation, at a rate of 50 billion to 1. The third drachma replaced the second at a rate of 1000 to 1.

The 25 million drachma note is Nazi-issued, from the "first drachma". So it's theoretical "face value" converted to "modern" or third drachmai would be 0.0000005 drachmai, or a tiny fraction of 1 eurocent. Entirely theoretical, as Nazi-era and earlier notes were all demonetized.

Of course, it's worth far more as a "collectable note", even if its only worth a few dollars.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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