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Wednesday, October 17, 2012

1954 Greek 50 Lepta!


This is my favorite Greek coin. Why? Because it is small, has a good design, and could be worth around $60.00. Greece, like many other post war European countries, was poor-ish. That explains why their half dollar is dime-sized and copper-nickel. It also explains why this coin could be worth so much. Generally poorer countries wear out their coins faster, calling for higher mintages and less collectors coins. This means many were thrown into circulation because collectors thought the coin would be worthless and because they had to feed their families. While these coins were getting worn down, the ones that were intentionally or unintentionally saved sat around gaining value. Now, 58 years later, the MS-60 version of this coin goes for $60.00 while the VF-20 version goes for around $0.25. That's a big price difference which is why I asked Man at Coined For Money of it's value. Sadly, it's the XF-40 version and worth around $1.25.

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