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5 Lepta

Issuer Greece
Year 1894-1895
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Technique Milled
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Obverse script Greek
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Mint (A)
Monnaie de Paris, Paris (and
Pessac starting 1973), France (864-date)
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Additional information

Greece adopted cupro-nickel for this small denomination in the 1890s largely under fiscal pressure — bronze coinage had become expensive to produce relative to face value, and the Latin Monetary Union's framework was being strained by Greece's chronic budget deficits. The switch to cupro-nickel allowed cheaper production while maintaining the appearance of a durable, modern currency. Greece was formally expelled from the Latin Monetary Union in 1908, but the cracks were already visible in this period.