Hello. My boyfriend has come across a rare old Thai coin handed down from his family. We are looking to sell it in Chiang Mai but are unsure where we can sell.  It has been valued at roughly  280,000 baht and want to make sure we get a good deal.  Any recommendations would be appreciated. 

I'll give you 28 Baht for it. Unless you can find a numismatic collector or a reputable auction - you are unlikely to get anything like its value through sale; dealers generally pay way below valuation so that they can make a profit when they finally find someone to buy it for their collection. 

It has been valued at roughly  280,000 baht.

 

Valued by whom? Was it by a reputable valuer and does it have a certificate of value?

 

Best place to try and sell the coin is on EBay.

https://www.google.co.th/maps/@18.7882127,98.9884515,3a,75y,15.04h,90.13t/data=!3m6!1e1!3m4!1sNXUB9bF6AN6_g_eivVs90g!2e0!7i13312!8i6656?hl=en

Try the Treasury Pavilion...

I dont want to burst your bubble, but coins can be a bit like cars. They are only worth what someone is willing to pay for them.

 

My other half (God bless her soul) also has a rather large collection of old coins from various parts of the world. She believes thay are worth a small fortune (And maybe they are).  I always get reports from her about certain coins that are worth this much and that much, however when I ask if thats an auction or asking price versus an actual sold price there lies a valid point.

 

There is quite often a huge difference between the 2.  Age does not always signify value.  Some of the main components that affect value are,  how many were in circulation and condition of the coin(s).  Your coin looks very worn and this can count against its value.  (However one of the henious crimes in the numismatic world is when an individual brings in a coin which they have cleaned/polished.... it devalues the coin tremendously).

 

I hope you manage to find an acreddited valuer and good luck with any future sale.

I'd be interested where you got it valued too, I have a old Rama V coin I'd like to get valued.

I've got a few old banknotes, I'dd be interested to have valued. Are there any dealers in CM?

 

The coin looks quite worn. That can really count against it's value as has been suggested. Bangkok would be a better venue to try and sell it. I doubt you would get anywhere close to 280K, however....

They are very helpful at the Treasury Pavilion. You might try and get some info there. (They are also very hopeful that you will buy some coins from them). They are even more helpful if you buy a coin, then ask for their help...

 

I doubt a worn 1962 coin is worth much above face value.

Is this it?  http://en.numista.com/catalogue/pieces1701.html

 

USD$1.29 (about 45 baht) on eBay.

I think someone has been telling you porkies - " It has been valued at roughly  280,000 baht "

 

This one listed on Ebay is in a lot better condition than yours, and it is on sale for 35 Baht.

 

http://www.ebay.com/itm/like/262132765614?vectorid=229466&lgeo=1&item=262132765614&rmvSB=true

 

No coin that was minted in such large numbers would be that valuable.

 

Number minted - 883,086,000

 

Sorry.   :-(

 

 

So was this an example of the oldest con trick in Asia. Local partner persuades foreign partner to lend them money against the value of a "priceless heirloom" which turns out to be priceless because it's worthless? 

OP, was this the source of your valuation ? I can not see why it says this coin would be worth any more than 1 Baht ?

 

http://www.saraupdate.com/14895

This is old Thai money, Still worth little,...Ken

18 hours ago, muzmurray said:

OP, was this the source of your valuation ? I can not see why it says this coin would be worth any more than 1 Baht ?

 

http://www.saraupdate.com/14895

Actually it may be worth 30 Baht or more. But even at USD $1.29 - (about 45 Baht), there are no takers for the same coin in much better condition on eBay.