nellar Posted October 10, 2016 Share Posted October 10, 2016 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. Link to comment Share on other sites More sharing options...
TheSiemReaper Posted October 10, 2016 Share Posted October 10, 2016 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. Link to comment Share on other sites More sharing options...
cyberfarang Posted October 10, 2016 Share Posted October 10, 2016 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. Link to comment Share on other sites More sharing options...
rawhod Posted October 10, 2016 Share Posted October 10, 2016 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... Link to comment Share on other sites More sharing options...
CMKiwi Posted October 10, 2016 Share Posted October 10, 2016 (edited) 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. Edited October 10, 2016 by CMKiwi Edit Link to comment Share on other sites More sharing options...
MickeyMaow Posted October 10, 2016 Share Posted October 10, 2016 I'd be interested where you got it valued too, I have a old Rama V coin I'd like to get valued. Link to comment Share on other sites More sharing options...
millwall_fan Posted October 15, 2016 Share Posted October 15, 2016 I've got a few old banknotes, I'dd be interested to have valued. Are there any dealers in CM? Link to comment Share on other sites More sharing options...
mmarks Posted October 15, 2016 Share Posted October 15, 2016 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... Link to comment Share on other sites More sharing options...
Johpa Posted October 15, 2016 Share Posted October 15, 2016 I doubt a worn 1962 coin is worth much above face value. Link to comment Share on other sites More sharing options...
flare Posted October 16, 2016 Share Posted October 16, 2016 Is this it? http://en.numista.com/catalogue/pieces1701.html USD$1.29 (about 45 baht) on eBay. Link to comment Share on other sites More sharing options...
muzmurray Posted October 16, 2016 Share Posted October 16, 2016 (edited) 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. :-( Edited October 16, 2016 by muzmurray Link to comment Share on other sites More sharing options...
TheSiemReaper Posted October 16, 2016 Share Posted October 16, 2016 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? Link to comment Share on other sites More sharing options...
muzmurray Posted October 16, 2016 Share Posted October 16, 2016 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 Link to comment Share on other sites More sharing options...
Teak Posted October 17, 2016 Share Posted October 17, 2016 Link to comment Share on other sites More sharing options...
Teak Posted October 17, 2016 Share Posted October 17, 2016 This is old Thai money, Still worth little,...Ken Link to comment Share on other sites More sharing options...
elektrified Posted October 17, 2016 Share Posted October 17, 2016 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. Link to comment Share on other sites More sharing options...
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