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- Spot Silver Price: $32.23
Silver coins were in regular circulation in Ethiopia. The values below represent the intrinsic value of silver coins from Ethiopia.
Ethiopia silver coins that are in uncirculated condition, or that may be rare and collectible may also have numismatic value. You can use this table as a guide when buying and selling circulated silver coins from Ethiopia.
The melt values are calculated and displayed in USD based on the today's silver spot price of $32.23 per troy ounce.
| Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
|---|---|---|---|---|---|---|
| 1 Ghersh | 1897- 1903 | .835 | 1.4 | 1.17 | .0376 | $1.21 |
| 1/4 Birr | 1895- 1903 | .835 | 7.02 | 5.86 | .1885 | $6.08 |
| 1 Birr | 1900- 1903 | .835 | 28.08 | 23.45 | .7538 | $24.29 |
| 50 Santeem | 1944 | .800 | 7.03 | 5.62 | .1808 | $5.83 |
A significant revival of silver coinage occurred under Emperor Menelik II (1889-1913). Menelik II sought to modernize Ethiopia and establish it as a recognized state among the colonial powers of Europe.
During Menelik II’s reign, the Ethiopian birr was introduced, and silver coins were minted. Additionally, the Maria Theresa thaler, a silver coin from the Austrian Empire, was widely accepted and circulated in Ethiopia due to its consistent silver content and reliability in trade.
During the brief Italian occupation of Ethiopia, the Italians introduced their own currency, which included silver coins. However, this period was short-lived, and the use of Italian currency ceased after Ethiopia regained independence.
Under Emperor Haile Selassie I, Ethiopia continued to modernize its currency system. Silver coins were issued to commemorate significant events and to bolster the economy. The Ethiopian dollar (birr) included silver denominations, reflecting both traditional values and modern economic needs.