Old Thai coins could be worth millions, collectors urged to check
Collectors of old Thai coins should urgently check their collections as certain coins, including 1 baht, 5 baht, and 10 baht coins from specific years, could be worth a significant amount of money, sometimes even reaching millions of baht.
Detailed information about the specific years and characteristics of these valuable coins is essential as some are incredibly rare, with only a handful known to exist in Thailand.
Yesterday, August 25, a TikTok user shared a video detailing the current purchase prices of various coins from different years. The video outlined that a 1 baht coin from 1986 (2529 B.E.) can fetch between 200 and 500 baht. This bit of information has sparked interest among collectors and the general public, urging them to search through their old coins.
For the 5 baht coins, particularly those from 1997, collectors are willing to pay between 4,000 and 7,000 baht. However, it is essential to be cautious as some coins have been altered. A common modification involves changing the ‘5’ to a ‘4’ by filing down the top of the number.
Collectors should carefully inspect for any signs of tampering to ensure the authenticity of the coin.
The 10 baht coins from 1988 are also in high demand, with prices ranging from 700 to 1,000 baht. Only 62,000 of these coins were produced, making them relatively rare. Nonetheless, the most sought-after 10 baht coins are from 1990, which can command staggering prices between 500,000 to 1 million baht.
Only 100 of these coins were minted, and just over ten are known to exist in Thailand, making them extremely valuable to collectors. Consequently, the current market price for these coins can reach up to a million baht.
Another 10 baht coin from 1998 exists but does not hold as much value, with prices ranging from 50 to 500 baht per coin.
The TikTok user urged collectors to remain vigilant about these rare Thai coins as some of them may be been modified, stressing the need for a close examination for any alterations, reported KhaoSod.
