Buying gold coins in Thailand

[Barnabe]

It's very hard to find information (at least in English) on gold coins issued by the BOT. Are there any, and if so where can I buy them?

[SVBlue]

Actually, BOT will not or ever do any coin.

 

If you want to invest in gold. You can get them from goldsmith shop, They only come in bullion bar instead of coin.

 

Tip, Only buy bullion. if you intended for investment. 

Edited January 12, 2021 by SVBlue

[Bob12345]

Gold coins are normally only issued by the mint of gold producing countries. Thailand doesn't produce enough gold to warrant making their own investment coins (troy ounces). 

[Neeranam]

Ask for "thong taeng" in any gold shop. Usually in 1,2,5,10 baht bars. 

Edited January 13, 2021 by Neeranam

[Brunolem]

If you like gold in the shape of coins, Hua Seng Heng has some one baht coins, home made...

[Alex2554]

https://thaigoldcoin.tarad.com/index.php?lang=th

[Peterphuket]

I'm interested so too but after looking on the website of Tarad.com, and try to compare a gold coin for example a Krugerrand with a weight of 1 troy ounce from about 1600 Euro with an "Emmerald Buddha medaille also 31,1 gr but with a price from about 2300 Euro, it seems unwise to me to buy gold coins in Thailand.

Moreover it is not certain the coin is made of 24 karat.

[timendres]

19 hours ago, SVBlue said:

Actually, BOT will not or ever do any coin.

 

A few years back, the Thai Treasury (I believe) minted a very limited series of gold coins. They were quite nice. But I am sure you had to be well connected to purchase one. I have always wondered why they do not issue more.

 

http://www.royalthaimint.net/ewtadmin/ewt/mint_en/ewt_news.php?nid=303&filename=index

[rwill]

I have asked at a few gold shops about gold bars but they were the same 96.5% used for most jewelry, not 99.99%.

[James Roderick]

1 hour ago, rwill said:

I have asked at a few gold shops about gold bars but they were the same 96.5% used for most jewelry, not 99.99%.

So what's the problem in buying a gold bar that is 96.5 % proof as opposed to the higher value ??

[Raphael Hythlodaeus]

As far as I know, gold 1 Oz coins such as SA Krugerrands or US Eagles are not available in Thailand.

For special occasions Thailand has produced gold commemorative coins which can be obtained through coin dealers or the Eur-Seree auction house, but at a hefty premium to the gold price.

I do have several of these gold coins, but normally I buy either 99.99% gold bars from PAMP Switzerland (from Ausiris or YLG) or Thai 96.5% gold bars (from any gold shop). 

Thanachart Fund manager has a physical gold fund called TGoldBullion and local funds such as Krungsri Asset Management have a fund linked to the GLD ETF.

If you buy gold bars from a gold shop, always sell through the same shop since other shops will offer a lower price.

 

Edited January 13, 2021 by Raphael Hythlodaeus

[Barnabe]

Thanks for all the answers.

 

It’s not really for investment, more for long term insurance. I guess the more time I spend in Asia the more I become like them ????

 

Those Hang Seng coins look pretty good, I’ll have to check them out. Looks like the premium is the same as in a one baht bar, so won’t pay more for them vs the bar.

[ballpoint]

You can get 99.99% gold bars here, but as said above, 96.5% is the Thai standard, probably because it's not as soft for using in jewellery.

This place also sells imported 99.99% bars certified by the London Bullion Market Association:

 

รับซื้้อขายทองคำแท่ง 99.99% (LBMA) | ห้างทองแม่ทองสุก MTS (mtsgold.co.th)

 

 

 

[Barnabe]

I’m happy with the Thai standard, as it will be more liquid here, and I probably have to pay a higher premium for 99.99%.

[Brunolem]

2 hours ago, Barnabe said:

 

Those Hang Seng coins look pretty good, I’ll have to check them out. Looks like the premium is the same as in a one baht bar, so won’t pay more for them vs the bar.

Indeed, I plan to exchange some of my 5 baht bars for these coins, easier to move around and sell, if and when necessary...

Edited January 16, 2021 by Brunolem