Treasury Coin Market: 10-Baht Coin Year 33 Auctions for 2.54 Million

Matichon•Economy•2d ago

Reader Briefing

The Treasury Department launched the Treasury Coin Market electronic auction system and sold a rare 10-baht coin from 1990 for 2,540,000 baht.

•The Treasury Department, Ministry of Finance, and Krungthai Bank collaborated to launch the Treasury Coin Market electronic auction system.
•A rare 10-baht coin from the year 1990 was auctioned on August 24, closing at 2,540,000 baht after 52 bids.
•The Treasury Department plans to auction rare coins on the 17th of every month.
•The Treasury Department will next auction rare gold coins, including the Princess Mother coin and the King Rama VII anniversary coin.

•Deputy Prime Minister and Minister of Finance Ekanit Nitithandpraphas launched the Treasury Coin Market, Thailand's first comprehensive electronic coin auction system.
•The 10-baht coin from year 1990 was produced in a limited quantity of 100 coins as souvenirs for the Mint Directors Conference (MDC) 1990 in London.
•The auction for the 10-baht coin on August 24 saw 130 registered users and 23 actual bidders, closing at 2,540,000 baht, exceeding the 2,000,000 baht target.
•The coin from year 1990 is rare because the Treasury Department did not produce circulating coins in the normal system that year due to high imports from Italy in 1989.
•The Treasury Department expects the system to create new professions for Thais, such as international standard Coin Graders.
•Treasury Department Director-General Akkarut Sonthayanon stated that rare coins will be auctioned every 17th of the month.
•Only 53 of the year 1990 10-baht coins remain for auction after one was sold and others were distributed or kept in the Coin Museum.
•The Treasury Department prepares to auction rare gold coins, including the Princess Mother health coin (14 coins remaining) and the Princess Maha Chakri Sirindhorn Magsaysay coin (11 coins remaining).

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Ekanit Nitithandpraphas(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance who launched the Treasury Coin Market.

Akkarut Sonthayanon(อัครุตม์ สนธยานนท์)

Director-General of the Treasury Department.

Ministry of Finance(กระทรวงการคลัง)ℹ️

Government ministry that collaborated on the Treasury Coin Market system.

Treasury Department(กรมธนารักษ์)

Government agency responsible for state asset management and the operation of the Treasury Coin Market.

Krungthai Bank(ธนาคารกรุงไทย)ℹ️

Public company and bank that collaborated on the Treasury Coin Market system.

Treasury Coin Market

Thailand's first comprehensive electronic auction system for coin products.

London(กรุงลอนดอน)ℹ️

Location of the Mint Directors Conference (MDC) 1990.

Italy(ประเทศอิตาลี)ℹ️

Country from which Thailand imported 10-baht coins in 1989.