Misprinted 1 Baht coins 40,000% more valuable

[snoop1130]

Misprinted 1 Baht coins 40,000% more valuable

By Teeranai Charuvastra, Staff Reporter

 

Image: Panun Jewelry / Facebook

 

BANGKOK — Search your pockets right now. Some of those 1 baht coins might actually be worth 400 times their official value.

 

Four years to the day later, the same antique shop behind an infamous offer to buy 10 baht coins for 100,000 baht, is back with a new bounty.

 

Full Story: http://www.khaosodenglish.com/news/2018/08/10/misprinted-1-baht-coins-40000-more-valuable/

 

-- © Copyright Khaosod English 2018-8-10

[Chris Lawrence]

Who got them?

[keith101]

I have 6 of these 1 baht coins but would cost much more to take them to the shop from where i live than what i would get paid .

[berybert]

24 minutes ago, keith101 said:

I have 6 of these 1 baht coins but would cost much more to take them to the shop from where i live than what i would get paid .

So you have 240,000 bahts worth of these coins, where do you live, Mars ?

 

[keith101]

sorry but at 400 baht each its only 2,400 which is what is actually being offered .

[berybert]

1 minute ago, keith101 said:

sorry but at 400 baht each its only 2,400 which is what is actually being offered .

400...……... 40,000  Depends if you read the headline next bit or the last bit. Can' t beat a good honest read ?

[keith101]

yeah sensational headline to get you to read the story and then the bubble buster truth at the end typical Thai hype 

[mnop]

The translation on their Facebook page seems to suggest they're buying it for 1500 baht... 

 

[MaxYakov]

Misprinted Mis-struck 1 Baht coins 40,000% more valuable

[keith101]

If there paying 1,500 per coin i would drive the 7 hours it takes to get to Bangkok stay with family for a couple of days and then drive 7 hours to get back or at least i would consider it . If their offering that much they must be worth a lot more .

[action]

1 hour ago, berybert said:

400...……... 40,000  Depends if you read the headline next bit or the last bit. Can' t beat a good honest read ?

 

Actually it only depends if you understand what a percent sign means.

[cyberfarang]

Usually rare coins or those similar in the OP, need to be in mint condition to have any real value. I would suggest before rushing off to claim your fortune, is to first check this out.

[HHTel]

1 baht times 40,000% = 400 baht for those that never got their head around percentages.

[Andrew Dwyer]

Misprinted 1 Baht coins 40,000% more valuable

By Teeranai Charuvastra, Staff Reporter

 

 

 

BANGKOK — Search your pockets right now. SOME of those 1 baht coins might actually be worth 400 times their official value.

 

 

 

Full Story: http://www.khaosodenglish.com/news/2018/08/10/misprinted-1-baht-coins-40000-more-valuable/

  -- [emoji767] Copyright Khaosod English 2018-8-10

SOME of those 1 baht coins !!

 

If I read this right then only new 1 baht coins which don’t have the two sides inverted are more valuable.

 

I.e. if you flip the coin over then one side is inverted normally not as is in the photo !!

Maybe not so obvious in the OP !!

[YTP]

if only there were misprinted satang coins...

got hundreds of those i could check in a useless pile that only grows

[berybert]

1 hour ago, action said:

 

Actually it only depends if you understand what a percent sign means.

 

57 minutes ago, HHTel said:

1 baht times 40,000% = 400 baht for those that never got their head around percentages.

I hang my head in shame.

  Mind you I did get an O level in maths but it was 40 years ago.

[HampiK]

On the TV they say one of this coins is 600 baht value.

 

I have about 8 new coins with the new king, but none of them is a misprint ?

[Jane Dough]

56 minutes ago, YTP said:

if only there were misprinted satang coins...

got hundreds of those i could check in a useless pile that only grows

7/11 accept them without bothering to count them. Just bag them.

[Jonmarleesco]

4 hours ago, keith101 said:

sorry but at 400 baht each its only 2,400 which is what is actually being offered .

Depends whether you believe the heading, or the text body. Obviously someone didn't do much of an editing job, always a good idea when writing anything.

[Vacuum]

2 hours ago, HampiK said:

I have about 8 new coins with the new king, but none of them is a misprint

Never mind. They're good for a package of Mama noodles.

[HHTel]

2 hours ago, Jonmarleesco said:

Depends whether you believe the heading, or the text body. Obviously someone didn't do much of an editing job, always a good idea when writing anything.

Well the heading says they are worth 400 baht.

The body of the article says they are worth 400 baht

 

Confusing aint it??!!

[Naam]

6 hours ago, HampiK said:

On the TV they say one of this coins is 600 baht value.

 

I have about 8 new coins with the new king, but none of them is a misprint ?

that's because coins are not printed.

[starky]

11 hours ago, berybert said:

So you have 240,000 bahts worth of these coins, where do you live, Mars ?

 

So I can assume either reading comprehension or maths or both aren't your strong points?

[Andrew Dwyer]

that's because coins are not printed.

The headline was a misprint, but writing mismint would have only confused TVF posters more !!

[HHTel]

1 hour ago, Andrew Dwyer said:

The headline was a misprint, but writing mismint would have only confused TVF posters more !!

Why was the headline a misprint?  Made perfect sense.

[HHTel]

Just reread your post.  Mismint rather than misprint .... got ya!

[fanjita]

10 hours ago, berybert said:

 

I hang my head in shame.

  Mind you I did get an O level in maths but it was 40 years ago.

Never mind.  Rodney Trotter had a GCE in maths.  ?

[chopin2]

If the value of  a 1 Baht coin increase to 2 Baht, that equals a 100% increase.

So if the value increase from 1 Baht to 400 Baht, that would make 100% 400 times.

100x400= 40 000

[chopin2]

Some more rocket science:

Suppose the value of a coin decreases from 400 Baht to 0 Baht. How many percent has the value decreased?

 

A. 40 000%

B. 400%

C. 100%

 

[HHTel]

1 hour ago, chopin2 said:

Some more rocket science:

Suppose the value of a coin decreases from 400 Baht to 0 Baht. How many percent has the value decreased?

 

A. 40 000%

B. 400%

C. 100%

 

400 baht would then be 100% therefore to decrease to zero would mean it's lost 100% of it's value.

Are you a Kindergarton teacher by any chance?