5 Drachma    (sold for $147.0)

1833, Kingdom of Greece, Othon I.  Large Silver 5 Drachmai Coin. VF+

Mint Year: 1833 Mint Place: Paris (A) Denomination: 5 Drachmai Reference: Davenport 115, Divo 10b, KM-20. R! Condition. Numerous bag-marks from circulation, otherwise a nice VF+ Weight: 22.17gm Diameter: 38mm Material: Silver

Obverse: Head of Othon (Otto of Bavaria) as King of the Hellenes right. Greek legend around.

Reverse: Crowned Greek shield, flanked by olive-branches. Denomination and date below. Legend: 5 DRAXMAI (anchor) 1833 (A) *

Otto was the second son of King Ludwig I of Bavaria. While the elder   son, Maximilian, ascended to the Bavarian throne, Otto became the first   king of modern Greece. His intentions were honorable, but he had   compromised himself politically and had to obey the great powers of   Europe who had placed him on the throne. When he didn't attack the   Ottoman Empire, his nation's arch-enemy, he lost the support of the   Greek people and was deposed. As a symbol of modern democratic force in   Greece, this coin has few equals.

Otto, prince of Bavaria or Othon, king of Greece (Óthon, Vasiléfs tis Elládos; 1 June 1815 – 26 July 1867) was made the first modern King of Greece in 1832 under the Convention of London, whereby Greece became a new independent kingdom under the protection of the Great Powers (the United Kingdom, France and the Russian Empire).

The second son of the philhellene King Ludwig I of Bavaria,   Otto ascended the newly-created throne of Greece while still a minor.   His government was initially run by a three-man regency council made up   of Bavarian court officials. Upon reaching his majority, Otto removed   the regents when they proved unpopular with the people and he ruled as   an absolute monarch. Eventually his subjects' demands for a Constitution   proved overwhelming and in the face of an armed but peaceful   insurrection, Otto granted a Constitution in 1843.

Throughout his reign, Otto faced political challenges concerning   Greece's financial weakness and the role of the government in the   affairs of the Church. The politics of Greece of this era was based on   affiliations with the three Great Powers, and Otto's ability to maintain   the support of the powers was key to his remaining in power. To remain   strong, Otto had to play the interests of each of the Great Powers'   Greek adherents against the others, while not aggravating the Great   Powers. When Greece was blockaded by the (British) Royal Navy in 1850 and again in 1853, to stop Greece from attacking the Ottoman Empire during the Crimean War,   Otto's standing amongst Greeks suffered. As a result, there was an   assassination attempt on the Queen and finally, in 1862, Otto was   deposed while in the countryside. He died in exile in Bavaria in 1867.

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