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- Spot Silver Price: $33.32
Silver coins were in regular circulation in Montenegro. The values below represent the intrinsic value of silver coins from Montenegro.
Montenegro 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 Montenegro.
The melt values are calculated and displayed in USD based on the today's silver spot price of $33.32 per troy ounce.
| Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
|---|---|---|---|---|---|---|
| 1 Perper | 1909- 1914 | .835 | 5 | 4.18 | .1342 | $4.47 |
| 2 Perpera | 1910- 1914 | .835 | 10 | 8.35 | .2685 | $8.95 |
| 5 Perpera | 1909- 1914 | .835 | 24 | 20.04 | .6443 | $21.47 |
Montenegro, a country located in Southeastern Europe on the Adriatic coast, has a rich and varied history, including its numismatic traditions. The history of silver coins in Montenegro is intertwined with the broader regional history and the various empires and states that have ruled over the area.
In the medieval period, the area that is now Montenegro was part of various states and entities, including the Byzantine Empire and later the Serbian Empire. During these times, the region primarily used coinage from the ruling empires. However, local rulers also minted their own coins, including silver ones, to assert their authority and facilitate trade.
From the late 15th century until the 19th century, much of Montenegro was under the influence or control of the Ottoman Empire. The Ottomans introduced their currency system, including silver coins such as the akçe and later the kuru?. These coins circulated widely in the region.
In the 19th century, Montenegro gradually gained autonomy from the Ottoman Empire, and in 1878 it was recognized as an independent principality. During this period, Montenegro began to mint its own coins, including silver ones. Notably, Prince Nicholas I introduced a series of silver coins in denominations such as 1, 2, and 5 perpera (the currency of Montenegro at the time).
After World War I, Montenegro became part of the Kingdom of Serbs, Croats, and Slovenes (later Yugoslavia), and its coinage system was integrated into that of the larger state. During the 20th century, especially in the socialist period, the region used Yugoslav dinar coins, including silver commemorative issues.
Following the breakup of Yugoslavia in the 1990s, Montenegro began to use the German mark and later the Euro. Although Montenegro is not a member of the Eurozone, it unilaterally adopted the Euro as its currency in 2002. While the country does not mint its own Euro coins, silver coinage remains an important part of its numismatic heritage, with commemorative and collector's coins being issued.