Treasury Coin Market record 2.54M Baht for rare 10 Baht coin

MGR Online•Economy•1d ago

Reader Briefing

The Treasury Department launched the Treasury Coin Market electronic auction system, where a rare 10 Baht coin from 1990 sold for 2.54 million 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 closed its auction at 2,540,000 Baht after 52 bids.
•The Treasury Department plans to auction rare coins on the 17th of every month.
•The 10 Baht coin from 1990 was originally produced in a limited quantity of 100 coins as souvenirs for an international meeting.

•The Ministry of Finance, Treasury Department, and Krungthai Bank launched the Treasury Coin Market, Thailand's first integrated electronic coin auction system.
•A rare 10 Baht coin from 1990 closed at 2,540,000 Baht on August 24, exceeding the Treasury Department's target of 2,000,000 Baht.
•The 10 Baht coin from 1990 was produced in 1990 for the Mint Directors Conference (MDC) in London to demonstrate Thailand's bimetallic coin production capability.
•Of the 100 coins produced in 1990, 38 are in the international market, 8 are in the Coin Museum, and 54 were held by the Treasury Department.
•The Treasury Department will auction rare coins every 17th of the month, with upcoming items including gold coins of the Princess Mother and other commemorative gold coins.
•Ekniti Nitithanprapas stated that the system aims to create a foundation for a modern Thai coin market with transparent pricing and secure payments.
•The Treasury Department expects the system to create new professions for Thai people, such as international standard Coin Graders.

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Treasury Department(กรมธนารักษ์)

The government agency responsible for managing state assets and operating the Treasury Coin Market.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry that collaborated with the Treasury Department and Krungthai Bank to launch the electronic auction system.

Krungthai Bank(ธนาคารกรุงไทย)ℹ️

The bank that partnered with the Ministry of Finance and Treasury Department for the Treasury Coin Market.

Treasury Coin Market

The integrated electronic auction system for coin products launched by the Thai government.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance.

Akkarut Sonthayanon(อัครุตม์ สนธยานนท์)

Director General of the Treasury Department.

London(ลอนดอน)ℹ️

The city where the Mint Directors Conference (MDC) 1990 was held.

Italy(อิตาลี)ℹ️

The country from which Thailand imported a large number of 10 Baht coins in 1989.