-
Inventory:
1 In Stock
- Product ID: 47853
Checkout
The Greece 5 Lepta 1828 Phoenix, certified AU55 by PCGS, represents a remarkable example of early Greek coinage, produced shortly after the country’s War of Independence against the Ottoman Empire. This coin is part of the first series of Greek coins minted after the country achieved independence in 1829, and it carries significant historical and numismatic value. The 5 Lepta coin, struck in 1828, is one of the first examples of the newly established Greek currency and features a design deeply rooted in Greek symbolism and national pride. The Phoenix, depicted on the coin, was chosen as a powerful symbol of rebirth and resurrection, reflecting Greece's emergence from centuries of Ottoman rule. As such, the 5 Lepta 1828 Phoenix coin serves as both a symbol of the nation's hard-won freedom and a testament to its fledgling financial system.
The 1828 Phoenix coin is part of the first major coinage produced by the newly independent Greek state under the supervision of the National Assembly. The coinage was introduced in the wake of the Greek War of Independence (1821-1829) and was part of the effort to establish a stable and self-sustaining economy. The Phoenix was chosen as the emblem for the new currency due to its strong association with rebirth and renewal. This was a fitting symbol for Greece, which had been liberated from centuries of foreign rule and was now in the process of re-establishing its own identity. The Phoenix also held a deep cultural significance in Greek mythology, as the bird was said to rise from its ashes, symbolizing the revival of the Greek nation after the fall of the Ottoman Empire. As a result, the Phoenix design on the 5 Lepta 1828 coin carries profound national and historical meaning.
The obverse of the 5 Lepta 1828 coin features the image of the Phoenix in full flight, with its wings spread and body poised for action. The bird is depicted in a stylized form, with sharp lines and detailed feathers, showcasing the skill and artistry of the engraver. The Phoenix is surrounded by the inscription "ΕΛΛΗΝΙΚΗ ΔΗΜΟΚΡΑΤΙΑ" (Greek Republic), indicating the newly formed nation. This inscription highlights the political changes that Greece had undergone, as it transitioned from being part of the Ottoman Empire to an independent republic. The reverse side of the coin features the denomination "5 ΛΕΠΤΑ" (5 Lepta), along with the date "1828." The reverse design is simpler than the obverse, with the inscription "ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ" (National Bank), reflecting the establishment of a national financial institution in the wake of the country’s independence. The design elements on both sides of the coin are carefully executed, with attention to detail that ensures the Phoenix is depicted as a powerful and iconic symbol of the reborn nation.
The 5 Lepta 1828 Phoenix coin was minted in the early days of the Greek Mint, which had been established to produce coins for the newly independent state. The mint, located in the capital city of Nafplion, was set up with the assistance of foreign advisors who helped Greece modernize its coinage system. This was part of a broader effort to establish Greece as a fully sovereign nation with a stable financial infrastructure. The minting of the 5 Lepta coin was one of the first major steps in the creation of the new Greek currency, which was initially based on the Greek drachma, a unit of currency with a long history that predated the Ottoman period. The 5 Lepta, along with other coins of the era, was an essential part of the new economy and was used in everyday transactions throughout the country.
The mintage of the 5 Lepta 1828 Phoenix coin is relatively low compared to other coins produced by the Greek Mint during the early years of independence. This scarcity contributes to the coin's rarity and desirability among collectors. While exact mintage figures are not known, it is believed that only a limited number of these coins were struck, making them particularly rare and valuable. The coin was part of an initial series of coinage produced to help stabilize the country's economy, but it is thought that many of the coins were lost over time, either through wear and tear or through being withdrawn from circulation. This has made the 5 Lepta 1828 Phoenix a highly sought-after item among numismatists, with examples in good condition being rare and valuable. The coin’s mintage was small, and its historical importance only adds to its significance, making it a prized piece for collectors and investors alike.
The coin's condition, certified as AU55 by PCGS, indicates that the 5 Lepta 1828 Phoenix is in a highly attractive state of preservation. AU55 coins are classified as being in almost uncirculated condition, with only minor wear visible on the coin’s surfaces. These coins show well-defined features, sharp details, and much of their original luster. The 5 Lepta 1828 Phoenix MS64 example, in particular, has been well-preserved, with its design elements remaining crisp and clean. While some minor abrasions or light contact marks may be present, they do not detract from the overall beauty of the coin. The high level of preservation is a testament to the care with which it was stored and handled over the years. Coins in AU55 condition are highly desirable for collectors, as they represent the best available examples from a given issue without significant damage or wear.
The AU55 grade ensures that the 5 Lepta 1828 Phoenix coin has retained much of its original beauty and luster, making it an exceptional example of Greek coinage from the early 19th century. The sharp details on the Phoenix and the inscriptions are still clearly visible, and the coin's surfaces display minimal signs of circulation. The coin's luster is intact, with a smooth and reflective finish that is typical of well-preserved coins from this period. For collectors, the 5 Lepta 1828 Phoenix coin in AU55 condition is a prized example of the early years of Greece's independence and an important addition to any collection of world coins or Greek numismatics. The coin's preservation ensures that it can continue to be admired for years to come and appreciated for its historical and artistic value.
The 5 Lepta 1828 Phoenix coin holds significant value not only due to its condition but also because of its place in the broader history of Greece’s currency and national identity. It symbolizes the birth of a new nation and serves as a reminder of the challenges and triumphs of Greece’s War of Independence. The Phoenix, as a symbol of rebirth, speaks to the resilience and determination of the Greek people as they reclaimed their freedom from the Ottoman Empire. The 5 Lepta coin, with its elegant design and historical context, stands as a powerful testament to this era in Greek history, making it a valuable piece for both collectors and investors interested in world coinage.
In conclusion, the Greece 5 Lepta 1828 Phoenix AU55 PCGS is an exceptional and rare coin that offers insight into the early years of Greece's independence and the establishment of its national identity. The coin’s beautiful design, limited mintage, and excellent condition make it a sought-after item for numismatists and collectors alike. Its historical significance, combined with the symbolism of the Phoenix, ensures that it remains an important piece in the story of Greece’s liberation and early development. As a collector’s item, the 5 Lepta 1828 Phoenix coin continues to captivate those who appreciate its beauty, rarity, and historical importance.