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True or False: Drachma notes have no face value any longer

My Greek MIL apparently lacked the good sense to convert her $2800 in 1987 dated drachma notes to Euros when she had a window. Do the notes have any value now? There are 2 $1000 notes and several smaller.

Comments

  • SaorAlbaSaorAlba Posts: 7,466 ✭✭✭✭✭
    edited July 31, 2019 3:26PM

    Exchange deadline was for 10 years after the Euro introduction in 2002, so they lost redemption in 2012. The only countries with longer redemption periods are Netherlands and Germany, Netherlands is 2032 and Germany might be longer than that.

    Found this:

    https://ecb.europa.eu/euro/exchange/html/index.en.html

    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21
  • georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭

    Wow! Thanks SaorAlba! So her $2800 D was only worth about 8 Euro= ~ 2 Big Macs. I feel a lot better knowing that!!

  • JBKJBK Posts: 14,642 ✭✭✭✭✭

    @georgiacop50 said:
    Wow! Thanks SaorAlba! So her $2800 D was only worth about 8 Euro= ~ 2 Big Macs. I feel a lot better knowing that!!

    Yes, 2800 drachmas is definitely not $2800.

  • SYRACUSIANSYRACUSIAN Posts: 6,445 ✭✭✭✭
    edited August 5, 2019 1:00AM

    They still have a collectible value if in unc. I’m guessing you’re talking about this issue.

    It’s face value is around 3 euros. It’s value in the slab is 6-8 times as much (including certification cost).

    Someone brought me recently, a fresh pack of 1984 5000 drs, supposed to be 100 notes, but two were missing. Their total face value would have been around ~€1500 euros in any bank up until 2012. With the two missing notes, and the less in demand 5000 notes than the ones from 1996,
    I could offer him €700-750 at best in order for me to sell it in one go for €900+ or go the one by one way, no thanks.

    Dimitri



    myEbay



    DPOTD 3
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