Online Coin Club / Home / General Information / List of Currencies / Ionian Obol

Information about currency: Ionian Obol

Currency nameIonian Obol
CountryIonian Islands
Dates1818 - 1864
System

Until 1834, 1 obol = 4 lepta (singular lepton), after which 1 obol = 5 lepta

Description

The obol (plural oboli) was the currency of the United States of the Ionian Islands between 1819 and 1864. Until 1834, 1 obol = 4 lepta (singular lepton), after which 1 obol = 5 lepta.

Wikipedia says that "Throughout its existence, the obol was equal to a British half penny." However, according to Remick's Guide and Catalogue of British Commonwealth Coins, 1971 "100 oboli were equivalent to the Spanish dollar. 30 lepta was the equivalent of the British threepence" - meaning that 10 lepta were one penny, so one obol would have been a halfpenny only after 1834.

The obol replaced a series of countermarked coins denominated in Turkish paras and copper Gazete coins. The Obol was issued by the British and was replaced by the Greek Drachma when the Ionian Islands were given to Greece, at a rate of 1 drachma = 20 oboli.

The strangest denomination was the silver 30 Lepta coin.

Currency Ionian Obol was used:
Country From To
Ionian Islands Ionian Obol 1819 1864
Coin types of currency Ionian Obol:
Thirty Lepta 1834 - 1862

Two Oboli 1819 - 1819

One Obol 1819 - 1819

Two Lepta 1819 - 1820

One Lepton 1821 - 1862
  Quarter Obol 1821 - 1821
  Fifth Obol 1834 - 1862