Rare 1-baht coin could fetch up to 100,000 baht

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Collectors are buzzing with excitement over the recent discovery of a rare 1-baht coin from the reign of King Rama IX, featuring an unusual double-tail side. A renowned shop has revealed that finding such a coin could fetch up to 100,000 baht.

 

A report from yesterday, November 17, highlights the excitement in the collector’s community following a post by Panan Jewelry, a famous coin-buying shop located in Nai Wiang, Mueang district, Phrae province.

 

The shop’s announcement has caused a stir among enthusiasts, as the 1-baht coin from the three-cycle commemoration of King Rama IX holds significant value, potentially reaching 100,000 baht if it exhibits certain unique features.

 

Punnapat Sirareungwanit, the owner of Panan Jewellrey, disclosed that the 1-baht commemorative coin from King Rama IX’s 3-cycle era is highly sought after. The coin was initially minted in 1963, and although three million coins were produced, those with rare characteristics stand out in the collectors’ market, commanding prices in the six-figure range.

 

Punnapat explained that owning such a coin could guarantee a value of at least several tens of thousands of baht.

 

 

The coin, measuring approximately 27 millimetres in diameter and weighing 7.5 grammes, has been in circulation for over 60 years. According to a price guide, a coin in mint condition could sell for 250 to 300 baht. However, coins exhibiting unique features, whether they have been circulated or not, hold substantial value.

 

Punnapat noted that a circulated coin could fetch around 10,000 baht, while uncirculated ones might start at 20,000 baht. As these are rare coins, final prices are negotiable.

 

“In the collectors’ community, some coins have been found with the distinctive feature of having a tail side on both sides. These coins have been verified and registered by international institutions, confirming the existence of the rare 1-baht coin from 1963 with double tails.”

 

The discovery has prompted caution among enthusiasts, as counterfeit coins are known to exist. Punnapat advised potential sellers to bring their coins to the shop for a free appraisal, emphasising the importance of contacting reputable collectors and avoiding scams, reported KhaoSod.

 

By Ryan Turner

Image courtesy of KhaoSod

 

Source: The Thaiger

-- 2024-11-18