Afternoon everyone….
I have seen and read many posts from 
There are several available through many different on line sites, but almost all of them are in pretty rough condition not showing the detail of the coin very well.
Those of you that have been following me for any amount of time now. Know that I started out as a numismatic coin collector. So having a coin in mint state with great detail is a must for me. As I was nicknamed by a certain someone in the community “The coin snob”. Sorry if you are going to collect coins, you should collect coins that will increase in value over time in my opinion. If I’m just looking to stack silver then I’ll buy just silver.
Anyhoooooo…
The coin in mention is “The Poseiden” coin.
Here are all the specs:
Issuer Greece
Period Second Hellenic Republic (1924-1935)
Type Standard circulation coin
Year 1930
Value 20 Drachmai (20)
Currency First modern drachma (1832-1944)
Composition Silver (.500)
Weight 11.31 g
Diameter 28.43 mm
Shape Round
Technique Milled
Orientation Coin alignment ↑↓
Demonetized Yes
Number N# 14565
References KM# 73, Schön# 14
Obverse
Poseidon head right
Lettering: ΠΟΣΕΙΔΩΝ
Translation: Poseidon
Engravers: Percy Metcalfe , L. Jones
Reverse
Prow of ancient ship
Lettering:
ΕΛΛΗΝΙΚΗ ΔΗΜΟΚΡΑΤΙΑ
20 ΔΡ
1930
Translation:
Greek Republic
20 Drachmai
1930
Engravers: Percy Metcalfe , L. Jones
Edge
Reeded
Mint
Royal Mint (Tower Hill), London, United Kingdom (1810-1975)
Now for the coin….
From all of my searching of this coin, most of the nice ones were fairly expensive in my opinion. Some of the ones in the grade that mine is in were going for nearly double what I paid for mine. This was a fresh listing up just 6 hours when I negotiated a price with the seller.
It’s an NGC graded MS62, which is a very nice grade that will appreciate over time.
From my research a good portion of these coins have been melted down by England to produce other coinage in the late 60’s. There is no know amount that was melted but I’m sure that it was quite a bit.
The original mintage for this coin used in circulation was just over 11 million. Between NGC & PCGS there are only 971 graded in mint state, and I now own one of them.
The coon actually came from a coin shop in Greece.
