Collection › Greece › #254
5 GRD
P-M4
Needs review
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Where & when
What's on the note
Front: Ancient Greek warriors depicted in classical profile wearing Corinthian helmets, representing the martial heritage of classical Greece. This design invoked ancient Greek military glory during the Axis occupation of Greece (1941–1944). The note is dated 18 June 1941 (ΕΝ ΑΘΗΝΑΙΣ ΤΗ 18 ΙΟΥΝΙΟΥ 1941) and was issued by the Greek State administration under occupation authority. The text states the note is payable in Athens and references Legislative Decree No. 193 of 17 June 1941.
Back: Doric column in the center flanked by ornate guilloche patterns containing the denomination numeral 5, symbolizing classical Greek architecture and continuity with ancient Hellenic civilization. The back references the legislative decree authorizing the note (ΝΟΜΟΘΕΤΙΚΟΝ ΔΙΑΤΑΓΜΑ ΥΠ' ΑΡΙΘ. 193 ΤΗΣ 17ης ΙΟΥΝΙΟΥ 1941) and warns against counterfeiting and forgery according to law.
How it was made
Signatures: Minister of Finance: signature present
Security features: microprint,guilloche_patterns
Greece in Europe
Greece in Europe. Other countries on the same continent shown in muted grey.
Background & history
This 5 drachma note was issued during the Axis occupation of Greece (1941–1945) following the German and Italian invasion in April 1941. The Greek State puppet government, established under occupation, issued these emergency notes to address severe wartime currency shortages and hyperinflation. Printed by Aspiotis-ELKA, a Greek printing firm based in Athens, these occupation-era notes featured classical Greek motifs to maintain national identity despite foreign control. The notes were withdrawn and demonetized after Greece's liberation in 1944–1945. Series KZ indicates one of several series issued during this period.
Collector references
How it came to me
Heavily circulated with significant wear, staining, and loss of paper fibers; multiple creases and fold marks; legible but showing age-related deterioration
What it's worth now
Valuation history (1)
| date | low | high | currency | source | note |
|---|---|---|---|---|---|
| 2026-05-08 17:27:53 | 5.0 | 15.0 | USD | ai | from claude-sonnet-4-5 |
History & extractions
AI extractions (2)
Edits & decisions (1)
Manual fixups
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