Treasury Dept Launches Treasury Coin Market

Post Today•Economy•2d ago

Reader Briefing

The Treasury Department launched the Treasury Coin Market electronic auction system, with a rare 1990 10-baht coin selling for 2.54 million baht.

•The Treasury Department collaborated with Krungthai Bank to develop the Treasury Coin Market electronic auction system.
•The first auction featured a 10-baht coin from the year 1990, which reached a final price of 2,540,000 baht.
•Nattakorn Akkaramanee, a coin expert and former executive chairman of The Coin market, won the auction.
•The Treasury Department plans to hold auctions regularly on the 17th of every month.

•The Treasury Department launched Treasury Coin Market, an electronic auction system for coin products developed in collaboration with Krungthai Bank.
•A 10-baht coin from the year 1990 sold for 2,540,000 baht after 52 bids, exceeding the 2 million baht expectation.
•The Treasury Department implemented the international Coin Grading standard, with the auctioned coin receiving an MS6 grade.
•Ekniti Nitithanprapas stated the goal is to develop Treasury Coin Market into a platform accessible to international collectors and investors.
•The Treasury Department plans to auction gold coins of Somdet Phra Srinagarindra Boromarajini Sirikit from the 'Good Health for All' set and gold coins related to Princess Maha Chakri Sirindhorn.
•The Treasury Department will conduct auctions on the 17th of every month, selecting coins based on production volume, market demand, and collector interest.
•The Treasury Department has not set a revenue target for the first year of the Treasury Coin Market but notes that previous coin production revenue sent to the state was approximately 400 million baht.

Full article content is available on the original source.

Ekniti Nitithanprapas

"The 10-baht coin can transform our cultural value into monetary value."

เหรียญ 10 บาทสามารถเปลี่ยนคุณค่าทางวัฒนธรรมของเราเป็นมูลค่าได้

Treasury Department(กรมธนารักษ์)

The government agency that launched the Treasury Coin Market electronic auction system.

Krungthai Bank(ธนาคารกรุงไทย)ℹ️

The bank that collaborated with the Treasury Department to provide the digital auction system and security infrastructure.

Coin Association(สมาคมเหรียญกษาปณ์)

The association that collaborated with the Treasury Department to design the system and grading standards.

The Coin(เดอะคอย)

A market where Nattakorn Akkaramanee previously served as executive chairman.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance who spoke about the Treasury Coin Market launch.

Nattakorn Akkaramanee(ณัฐกร อัครมณี)

A coin expert, former executive chairman of The Coin market, and the winner of the 10-baht coin auction.

Somdet Phra Srinagarindra Boromarajini Sirikit(สมเด็จพระศรีนครินทราบรมราชชนนี)

The royal figure associated with the 'Good Health for All' gold coin set planned for auction.

Princess Maha Chakri Sirindhorn(สมเด็จพระกนิษฐาธิราชเจ้าฯ)ℹ️

The royal figure associated with Magsaysay Award gold coins planned for auction.