The invention discloses an efficient lubricating gear coupling, and relates to the technical field of couplings. In order to solve the problems that an existing gear coupling is low in lubricating efficiency, and lubricating oil is prone to being thrown out during working, the efficient lubricating gear coupling comprises inner gear rings and outer gear sleeves, the outer gear sleeves are mountedat one ends of shafts and fixedly connected with the shafts through flat keys, meshing areas are arranged in the middles of the outer gear sleeves, the outer gear sleeves are mounted in the inner gearrings and mesh with the inner gear rings, the outer ends of the outer gear sleeves extend out of the inner gear rings, a circle of groove is formed in the inner side of each meshing area, oil cavities are formed between the groove walls and the shafts, L-shaped oil circuits are formed inside the outer ends of the outer gear sleeves, one ends of the L-shaped oil circuits pass through the outer circumferences of the outer ends of the outer gear sleeves and are provided with plugs, the other ends of the L-shaped oil circuits communicate with the grooves, and the meshing areas are provided with aplurality of oiling holes enabling the oil cavities and the junctions between the inner gear rings and the outer gear sleeves to communicate. In the efficient lubricating gear coupling, lubricating grease is high in lubricating efficiency and not prone to being thrown out, and thus resources and the cost are saved.