Object ID
2014.1.68
Object Name
Coin
Date Created
1960
Material
Silver
Object Description
Greek Silver Coin:
Obverse: "Paul the King of Greece, 1960" written in the Greek Alphabet surrounding a profile bust of King Paul
Reverse: Selene the moon goddess on horseback with a dolphin/fish under the horse. "20 DP"
Origin
The 1960s are part of the period 1953-72, during which Greek economy developed rapidly and was structured within the scope of European and worldwide economic developments. One of the main characteristics of that period was the major political event - as we have come to accept it - of the countrys accession in the EEC, in an attempt to create a common market. The relevant treaty was contracted in 1962.

The developmental strategy adopted by the country was embodied in centrally organized five-year plans; yet their orientation was indistinct. The average annual emigration, which absorbed the excess workforce and contributed to extremely high growth rates, exceeded the annual natural increase in population. The influx of large amounts of foreign private capital was being facilitated and consumption was expanded. These, associated with the rise of tourism, the expansion of shipping activity and with the migrant remittances, had a positive effect on the balance of payments.
Rights and Reproduction
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Citation
Coin, 1960, National Hellenic Museum, https://collections.nationalhellenicmuseum.org/Detail/objects/10353. Accessed 03/28/24.