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- Spot Silver Price: $32.33
Silver coins were in regular circulation in Albania. The values below represent the intrinsic value of silver coins from Albania.
Albania 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 Albania.
The melt values are calculated and displayed in USD based on the today's silver spot price of $32.33 per troy ounce.
| Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
|---|---|---|---|---|---|---|
| 1 Frang Ar | 1927- 1939 | .835 | 5 | 4.18 | .1342 | $4.34 |
| 2 Franga Ari | 1926- 1937 | .835 | 10 | 8.35 | .2685 | $8.68 |
| 10 Lek | 1939 | .835 | 10 | 8.35 | .2685 | $8.68 |
| 5 Franga Ari | 1926- 1927 | .900 | 25 | 22.50 | .7234 | $23.39 |
Antiquity
In ancient times, the region that is now Albania was part of the Illyrian civilization, which used silver coins for trade and commerce. The Illyrians minted their own silver coins, often with intricate designs and inscriptions.
Medieval Period
During the medieval period, Albania was influenced by various empires, including the Byzantine and Ottoman Empires. These empires introduced their own silver coinage, which circulated in Albania alongside local currencies.
1912 - Independence
Albania declared its independence from the Ottoman Empire in 1912. Shortly after, the new Albanian state began issuing its own currency, including silver coins. The first Albanian silver coins featured national symbols and were an important step in establishing a national identity.
World War II
During World War II, Albania was occupied by various foreign powers, including Italy and Germany. During this period, the occupying forces issued their own currencies, including silver coins, which were used in Albania.
Post-World War II
After World War II, Albania became a communist state under Enver Hoxha. The communist regime issued its own currency, which included silver coins. These coins often featured socialist symbols and slogans.
Modern Day
Today, Albania uses the Albanian lek as its currency. While silver coins are not commonly used in everyday transactions, they are still minted for commemorative purposes and are popular among collectors.