How Much Was a Drachma Worth in Ancient Greece?

When we think about ancient Greece, we often imagine a world of gods, heroes, and philosophers. But what about their currency? How much was a drachma worth in ancient Greece?

Firstly, let’s define what a drachma was. A drachma was the currency used in ancient Greece from the 7th century BCE until it was replaced by the euro in 2002 CE. The word “drachma” comes from the Greek word “drassomai,” which means “to grasp or to grip.”

Now let’s talk about its value. The value of a drachma varied throughout history and depended on various factors such as political stability, trade relations with other countries and regions, and inflation. In general, though, a drachma was worth approximately six obols.

An obol was a smaller denomination of currency in ancient Greece and was equivalent to one-sixth of a drachma. So essentially, one drachma was equal to six obols.

To put this into perspective, let’s say you wanted to buy a loaf of bread in ancient Greece that cost one obol. You would need six obols or one drachma to purchase it.

It’s also important to note that there were different types of drachmas throughout history that varied in weight and purity of silver. The Athenian silver tetradrachm, for example, weighed approximately 17 grams and contained almost pure silver.

In conclusion, the value of a drachma in ancient Greece varied throughout history but generally equated to six obols. It’s fascinating to think about how their currency system worked and how it compares to modern-day currencies.