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What Is 100 Apaxme Worth In Us Dollars?

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Iris Phillips answered
The  Apaxmai, which is actually pronounced as Drachmai, was the currency used in Greece before the Euro. Apaxme is another form, pronouncing as Drachmes. During and after the Second World War, inflation was so high that the worth of an Apaxma, or Drachma, was basically next to zero. As they were minted in high quantities, even the collector's value is minimal. A 1978 Apaxma was worth around 10 cents. By the time Greece adopted the Euro in 2002, it took just over 340 Apaxmai to buy a Euro, and a little over 237 Apaxmai to buy a US Dollar. This works out at about 42 cents for 100 Apaxme.

It is clear that exchange value is negligible, apart from exchange obviously being impossible now anyway, as the currency is no longer in use. Whether there is any collector's value is hard to tell. It depends to a great deal on demand, so even if a lot of a certain coin or note were produced, if there are enough collectors who wish to buy them, prices will rise. The actual year of production, the condition and overall quality of coins or notes and if, or for how long, they have been in circulation will also influence any amount they may be worth now.

To find out if this money is worth anything, it could be an idea to take it to a collector, or collector's dealer. If it is a coin, it may contain silver or gold, which make it at least worth the melt down price of the metal involved. Notes would certainly have to be in an exceptionally good condition to be of interest to most serious collectors. The emphasis on clarity, color and tone here is even greater than with coins. Faded, highly circulated notes have very little value.

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